Los Angeles-based CB Richard Ellis Group has appointed Charles Wardroper as managing director in its Poland office in a bid to build up its presence in the country.
Wardroper, a seven-year veteran at CBRE, was previously regional managing director for its operations in the UK, where he headed up its UK North East regional business. He is replacing Nigel Wade, former managing director in Poland. Wade had been with the firm for eight years.
In October, CBRE advised New York-based GE Real Estate on the sale of the 3 Stawy shopping centre in Poland to German investment firm, Union Investment Real Estate. The 37,000-square-metre mall was sold for €95 million. It was Hamburg-based Union’s first Polish acquisition.
The Polish property market has been boosted by its membership to the European Union and being the host for the European 2012 football championships. CBRE said although Poland’s growth would be affected by the global slowdown, it expected to see “continued appetite” from foreign investors in the country.