Real estate investment manager Garbe Institutional Capital, headquartered in Hamburg (Germany), is expanding into Central and Eastern Europe. Managing and developing retail, office and residential real estate assets, the company will initially focus on the Polish and Czech markets. With its commitment to the CEE region, Garbe Institutional Capital provides German institutional investors with access to high-quality real estate investments in economically prospering metropolitan areas in the eastern part of the European Union. The new CEE business is based in Prague and headed by Ben Maudling as Managing Director, Head of CEE.

S Immo AG's Supervisory Board has designated the successor of Ernst Vejdovszky, founding father of the company, whose board term will expire on 30 June 2021, and has newly appointed the Management Team. Dr. Bruno Ettenauer will take over as CEO from 15 March 2021 with a term of three years. DI Herwig Teufelsdorfer will be appointed as S Immo AG's CIO (Chief Investment Officer) and will take up his position on the Executive Board at the latest at the beginning of the second quarter of 2021. The contract of Friedrich Wachernig, MBA as COO (Chief Operating Officer) has been prolonged for a further three years until 30 June 2024.

International workspace provider HB Reavis announces that Marcin Klammer will lead its Polish team. Most recently, he worked as Development Director for Unibail Rodamco Westfield. He was also CEO Central and Eastern Europe for BNP Paribas Real Estate and held a number of positions at Arcadis, including CEO and Market Sector Leader.  ó

Romania-based project management company Optim PM has opened a branch in Belgrade to expand its services on the Southeast European real estate market.

Trammell Crow Company (TCC), one of the largest real estate development companies in the U.S., announced the launch of logistics development capabilities in Europe.

CBRE Romania announced it recruited Mihai Patrulescu from Colliers International to lead the Investment Properties department.

Skanska has announced changes in the leadership team of its commercial development business unit in the Czech Republic and Hungary. Alexandra Tomášková stepped down from the role of EVP Operations for Hungary and the Czech Republic and is currently on a 2-month sabbatical. She is considering another role in the organization.

CTP is extending its Romanian team with the appointment of Gijs Klomp as the new Head of Business Development. Klomp brings extensive knowledge of the industrial real estate market in Romania, where CTP owns and manages a market-leading 1.5 million sqm portfolio. Klomp's main task in his new role will be expanding it over 2 million sqm by the end of 2021. Klomp will also work with the M&A team of CTP, who has just confirmed its target of reaching a 10 million sqm portfolio by 2023.

P3 Logistic Parks (P3) announced the appointment of Frank Pörschke as its new CEO, with effect from 1 April 2021. Tim Beaudin, CEO since 2019 and previously Board Chairman, is stepping down as part of a planned leadership transition. 

Muler Onofrei, the former CEO of Element Industrial, joins CBRE Romania in the position of Business Development Director. Muler will focus on the industrial sector, where he has gained extensive experience, previously working for international investors such as ProLogis and Panattoni and laying the foundations of local developer Element Industrial.