Corio has announced that Hubertus Kobe is joining the listed European shopping centre specialist as CEO of its German operations. Kobe was managing partner of DTZ Zadelhoff Tie Leung until recently. He was also a member of the DTZ retail board EMEA-region.

Corio's portfolio in Germany consists of two operational shopping centres with a value at year end-2010 of EUR 512 mln and five development properties with a total expected investment of around EUR 780 mln.

Corio said it intends to grow the German portfolio further in the coming years by acquiring shopping centres at central locations.