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Michael Rhydderch To Drive Pan-European Investment
5 May, 2005, London
Responding to the increasing cross-border investment business transacted in Europe by
Cushman & Wakefield Healey & Baker, Michael Rhydderch, Partner in the firm's Global
Capital Markets team, is next month transferring from Italy to London where he will take on a
new role overseeing an expanded cross-border group driving European investment business.
The new group will work closely with all 120 of the firm's European investment surveyors based
across 12 European markets and will be expanded to include two further Partners: Nick Jones, an
Industrial Investment specialist currently based in Frankfurt, and Matthew Walker, currently
co-head of Investment in Portugal. The group will be based in London and will be assisted by
surveyors Christina Gellen and Matthew Knight.
Paul Bacon, C&W/H&B International Board Member said: "Our European Capital Markets
business is going from strength to strength and this move is designed to build on our excellent
local investment teams by developing a centralised cross-border capability. The team's 'on the
ground' experience of continental European investment markets will be invaluable to our many
clients wishing to do business across Europe. Each member of the team has transactional
experience in a number of continental European markets and they speak seven languages between
them."
In 2004, C&W/H&B's 120-strong European Capital Markets team concluded €7 billion of
investment transactions across Europe.
Recent highlights include;
Representing INVESCO Real Estate, (acting on behalf of financial services organisation
TIAA-CREF), in the purchase of a €493mn portfolio in the Paris region from Standard Life
Investments. The portfolio includes Triangle de l'Arche, a 37,500 sq m office property in La
Défense, and logistics schemes in Villabe and Bruyères-sur-Oise.
Advised P&O on the sale of the sports and leisure resort La Manga in Spain to Spanish
leisure and property company MedGroup for €146 million.
On behalf of Curzon Global Partners C&W/H&B advised on the acquisition of a portfolio
of 35 mainly office buildings in the Netherlands for around €170 million.
Advised a joint venture of Apollo Real Estate and Roseland on the acquisition of the Ericsson
HQ in Rome for a price in excess of €120m.
Advised on the sale of St Enoch Shopping Centre in Glasgow for €390million on behalf of a joint
venture formed by The Mills Corporation (US real estate investment trust) and Ivanhoe Cambridge
(Canadian property company).
On behalf of ING Real Estate advised on the sale of 46,000 sq m Galeria Butovice shopping
centre in Prague for more than 100million.
C&W/H&B is the investment advisor for the Danish Real Estate Club, set up by five major
Danish pension funds last year with a view to investing up to €250mn a year in European
indirect property vehicles outside Denmark over the next three to five years. The Club's
members are PKA A/S, PenSam Liv, Kommunernes Pensionsforsikring A/S, PFA Invest International
A/S and Finanssektorens Pensionskasse.
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