CBRE: Palmers has expanded into the Czech market
CBRE, the world leader in commercial real estate services, represented Palmers during its entry into the Central and Eastern European market. Palmers, an Austrian textile brand which offers quality underwear and swimwear for both men and women, is known mostly in Western Europe. Palmers chose the Czech Republic as the destination for expanding into the new market and is located in Havířská Street in Prague 1. This is a lucrative shopping high street, which is an excellent place for its first shop, which has a total area of 85 square meters and will be operated directly by the parent company.
The Austrian brand Palmers is entering the Czech market and opened a new shop in Havířská Street in Prague in April 2017. It is a sign of the fact that the Czech market is still attractive for luxury brands and there is still a potential market especially in the lingerie segment.
CBRE Group, a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2016 revenue). The Company has approximately 75,000 employees and serves real estate investors and occupiers through approximately 450 offices worldwide (excluding affiliates). CBRE offers a broad range of integrated services including project management; property management; investment management; valuation; property leasing; strategic consulting and research and consulting. In the Czech Republic, CBRE has almost 350 employees and manages nearly 70 commercial premises with a total area nearly 1.2 mil. sq. m. Read more at www.cbre.cz.