Global property consultant CB Richard Ellis said that it is expanding its debt advisory business with the opening of a new German office. The group has named Dirk Richolt (38) as head of the new business. He has over 12 years of experience in real estate finance and is joining from Barclays Capital's Frankfurt office, where he was head of real estate lending.

Global property consultant CB Richard Ellis said that it is expanding its debt advisory business with the opening of a new German office. The group has named Dirk Richolt (38) as head of the new business. He has over 12 years of experience in real estate finance and is joining from Barclays Capital's Frankfurt office, where he was head of real estate lending.

CBRE's existing debt advisory offices are located in the cities of Amsterdam, London, Madrid and Paris. The broker said the new office will serve the increasing consulting needs of investors looking for financing at a time of lending squeeze.