Cushman & Wakefield manages growing CPI Property Group’s CEE retail portfolio
Cushman & Wakefield has been reappointed by CPI Property Group as property manager of two major shopping centres and one multifunctional complex in Central and Eastern Europe which have been recently acquired from CBRE Global Investors.
Cushman & Wakefield currently manages 16 retail and multifunctional assets totaling 344,300 sq m owned by CPI Property Group in Central and Eastern Europe.
Ondřej Fukal, Partner & Head of Asset Services in the Czech Republic and Slovakia, Cushman & Wakefield, said: “The latest additions to the CPI’s portfolio under our management include Olympia in Plzeň, Zlatý Anděl in Prague and Ogrody in Poland, which we continue to manage now on behalf of the new owner as CPI’s appreciation of our commitment to providing quality service and client satisfaction across the region.”
CPI Property Group established cooperation with Cushman & Wakefield in January 2012. The properties under Cushman & Wakefield’s management include: Quadrio, Nákupní centrum Fénix, OC Spektrum, Zlatý Anděl, City Park Jihlava, Bondy centrum, IGY, Olympia Plzeň, Retail Park Plzeň, Olympia Mladá Boleslav and Olympia Teplice in the Czech Republic; Ogrody and Galeria Orkana in Poland; Europeum shopping mall, Buy-Way Dunakeszi retail park and Buy-Way Soroksár retail park in Hungary.
CPI Property Group ranks among the most significant real estate groups focusing on long-term investments and property leases, especially in Central and Eastern Europe and Germany. Its diversified portfolio valued at more than EUR 4,865 bn comprises a wide range of properties in Germany, the Czech Republic, Slovakia, Hungary, Poland and Romania. With more than 702,000 sq m CPI Property Group is the largest retail space owner in the Czech Republic, concentrating on the development of midsize stores, retail parks and supermarkets, as well as managing hotels and office buildings.
Press release by Cushman & Wakefield.