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The affirmation follows the expected departure of tenant Credit Lyonais (17% of rent roll), now Calyon, in September 2005, representing 27,664 sq metres. The strategy includes building on the strong resources already present in the Canadian department, including expanding sector coverage to a North American basis (as opposed to only Canadian), partnering with our research team in the United States as well as the recently announced cooperation agreement with Credit Lyonais Securities Asia, and selective hiring where there is a good fit between the franchise strength of the incoming analyst and the other resources already present within the firm. In the last ten years, Odner has worked as chairman for Altus Nord AB, a wholly owned subsidiary of Credit Lyonais Bank in Paris, mainly taking care of their property investment portfolio in Scandinavia. |
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