Cushman & Wakefield hires head of German operations

17 Dec, 2012, Germany

Cushman & Wakefield, the world's largest privately owned real estate advisory firm, has hired Frank Nickel as a Partner and head of its operations in Germany. Frank joins Cushman & Wakefield from Deutsche Bank where he was Head of the Commercial Real Estate Group in Frankfurt since 2006.

Whilst at Deutsche Bank Frank was responsible for establishing and building the financing business and oversaw commercial real estate financing in Germany, Austria and Switzerland. He was also involved in equity investments in real estate companies as well as the acquisition of NPL portfolios from German banks and was responsible for close ended commercial real estate fund business. He was also the Global Coverpool Manager of DB.

With over 20 years of experience in real estate, Frank has also held senior positions in the industry, working with Fortress Investment Group Germany, GMAC RFC Europe Ltd and CreditWeb Deutschland.

At Cushman & Wakefield Frank will lead the firm's German operations which comprise 180 staff in five offices in Frankfurt, Berlin, Dusseldorf, Hamburg and Munich and will be responsible for spearheading the growth of the German business in line with the strategic growth plan.

Since the start of the year, Cushman & Wakefield has hired 50 professionals in Germany across all teams including property and asset management, project management, valuation and advisory, retail and capital markets.

Carlo Barel di Sant'Albano, CEO of Cushman & Wakefield in EMEA, said: "Over the past 18 months and in line with our strategic growth plan we have significantly increased our presence and market share in Germany taking on top talent in all areas. Frank's outstanding track record in real estate finance and his many years of experience establishing and building teams, gives him the perfect credentials to lead our rapidly expanding team as we move closer to achieving our aim of becoming the leading best-in-class real estate adviser in Europe's largest economy."

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