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Cushman & Wakefield opens an office in Slovakia
23 Jan, 2008, Bratislava, Slovakia
Global real estate consultant Cushman & Wakefield opens an office in the Slovakian capital Bratislava on Wednesday 23 January. The Managing Partner of the new office is Andrew Thompson, currently Head of Office Agency and Client Solutions for Cushman & Wakefield in the Czech Republic.
The office, a subsidiary of the C&W office in the Czech Republic, given the business ties between the two markets, offers a full range of property services across all sectors, including retail, office, industrialand hotels.
Andrew Thompson, says: “Strong economic growth, forecast to reach more than 7% this year, is encouraging existing occupiers to grow, in addition to drawing in new occupiers and cross-border investors. Yields vary from 6% for prime offices to 7% for industrial, which are around half to one percentage point higher than similar product in the Czech Republic.”
Jonathan Hallett, Head of Cushman & Wakefield in the Czech Republic and Slovakia, says: “Cushman & Wakefield has operated in the Slovak market for several years on behalf of a range of clients via our Prague office. We took the decision to open our own dedicated office in Slovakia given the market’s rapid expansion and the rising interest from our cross-border clients, and reflecting our firm’s general expansion in the Central and Eastern European region.”
On-going work being carried out by Cushman & Wakefield in Slovakia includes the leasing of five shopping centre schemes with a total 140,000 sq m of retail space, including Pribina Galleria, being developed by Ballymore in Bratislava, and Laugaricio Trencin, a scheme of CBE. In addition, Cushman & Wakefield is currently leasing around 300,000 square metres of industrial space for developers including CTP, Prologis, Pinnacle and IIG. For offices, C&W is acting for a number of corporate occupiers, as well as leasing the 28,000 sq m Lakeside Park on behalf of TriGranit. Shopping centres managed by C&W in Slovakia include the MAX Shopping Centres in the cities of Trnava, Poprad, Trencin and Nitra on behalf of GE Real Estate.
The office in Bratislava is situated at: Cushman & Wakefield, Mostova 2, 811 01 Bratislava
Tel.: +420 2 5464 2010, Fax: +420 2 5464 2015, email: info.bratislava@eur.cushwake.com
Across Central and Eastern Europe, Cushman & Wakefield also operates its own offices in Hungary, Poland, Romania, Russia, as well as the Ukraine, which opened last year, and with alliance or associate offices in the remaining markets.
At the end of last year, the Czech office of Cushman & Wakefield was named Best Agency in the Czech Republic for the third year running in the annual CiJ Awards.
For further information please contact:
Jitka Kvartkova,
Marketing & Communications Manager
Cushman & Wakefield
Tel: + 420 234 603 603 or + 420 603 113 168
Notes to Editors:
Cushman & Wakefield is one of the world’s largest commercial real estate services firms. Founded in 1917, the firm has 215 offices in 56 countries, and 12,000 talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, lenders and investors through every stage of the real estate process. These solutions include representing clients in the buying, selling, financing, leasing and managing of assets. The firm also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. The firm entered the Czech market in 1993 and employs 112 people in its Prague office.The Bratislava office was set up in January 2008.
To find out more about Cushman & Wakefield, visit www.cushmanwakefield.com
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