CBRE won the tender for managing 82,500 sq. m. of the IMMOFINANZ building portfolio
CBRE, the world leader in commercial real estate services, has retained the management of IMMOFINANZ's office portfolio in a listed tender. Namely, this involves Prague Office Park I, Prague Office Park II, Aragonit, BB Centrum Gamma and newly also managing the modern business complex Brno Business Park, which is almost 35,000 sq. m., making it the largest project from the whole portfolio of the Austrian real estate company in the Czech Republic. CBRE will now manage a total of 82,500 sq.m. of IMMOFINANZ office space.
We’re very pleased that we’ve been able to continue cooperating with IMMOFINANZ and have also begun to manage the largest project from their office portfolio, the Brno Business Park. As we have been working on the behalf of IMMOFINANZ for more than three years, we can say that we know their internal processes, strategies and priorities, enabling us to focus in the coming months on improving and optimizing services for individual projects and caring for tenants in particular. We believe we can meet the client’s expectations.
We’ve announced a tender for managing our office buildings and we are pleased that CBRE has confirmed its position and successfully retained its existing collaboration on 4 office buildings that have been in its management since 2014,” said Tomáš Stařík, Country Manager Operations at IMMOFINANZ. He also added, “Our previous good experience with CBRE had already convinced us to entrust them with managing our Brno Business Park Brno project, which has recently enjoyed a great deal of interest among tenants, who are mainly attracted to its in-house services, good parking conditions and the variability of the size of the office spaces.
Currently, CBRE manages 1.2 sq. m. of office, industrial and retail buildings.
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.
IMMOFINANZ is a commercial real estate group whose activities are focused on the retail and office segments of seven core markets in Europe: Austria, Germany, Czech Republic, Slovakia, Hungary, Romania and Poland. The core business covers the management and development of properties, whereby the STOP SHOP (retail), VIVO! (retail) and myhive (office) brands represent strong focal points that stand for quality and service. The real estate portfolio has a value of approx. EUR 4.1 billion (excluding Russia) and covers more than 240 properties. IMMOFINANZ is listed on the stock exchanges in Vienna (leading ATX index) and Warsaw. Further information under: http://www.immofinanz.com.