News

CBRE has become the market leader in the commercial real estate management sector in Slovakia

CBRE has taken over the management of 4 key shopping centres • MAX Trnava, MAX Trenčín, MAX Poprad and MAX Nitra are now under the management of CBRE. • The biggest Property Management instruction in Slovakia over the last 10 years. • The share of the managed floor space has increased by nearly one quarter; CBRE Slovakia is currently managing 204,227 sq m of lettable area.

CBRE has taken over the management of four key shopping centres in Slovakia and has become the market leader in the commercial real estate management sector. The properties are owned by a subsidiary of GE Capital Real Estate. The CBRE team has taken over complete management and financial reporting of the centres beginning 1 June 2014. The biggest instruction on the Slovak market over the last 10 years has contributed to an almost 25% increase in the space managed by CBRE.

 CBRE now provides complete management of the centres MAX Trnava, MAX Trenčín, MAX Poprad and MAX Nitra, including accounting and financial services (administration of lease contracts, reporting, budgeting, administration and management of operating costs), marketing, liaising with occupiers, leasing and operation of shopping centres, including coordination of the technical aspects of facility management.

“With the takeover of the MAX Shopping Centres management, the Slovak CBRE team has increased the number of managed properties from 11 to 15 and increased the managed floor area by over 57,000 sq m. In addition, the number of employees has increased considerably from the original 40 to 59,” comments Petr Brabec, Director - Asset Services Retail, CBRE Czech Republic, who significantly assisted in the transaction in Slovakia and who will provide support during the initial adjustment period as CBRE take over management.

In Central and Eastern Europe, CBRE manages 240 shopping centres covering a total floor area of 2,393,620 sq m and is therefore one of the leading real estate management companies in Central  and Eastern Europe.