Euromoney Liquid real estate March 2007
Wachovia is planning to become a market leader in German real estate inside the next five years, with a market share matching its US figure of between 10% and 15%. Wachovia’s European real estate business was launched in January 2006 in London and Frankfurt, led jointly by Bill Cohane and Peter Riemenschneider.
The move was a part of a broader expansion into global property markets. At the time of Cohane and Riemenschneider’s appointments, the bank had already moved a team to Hong Kong to penetrate the Asian market.
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