Cushman & Wakefield has been cooperating with CENTERSCAPE, an investment company that owns 20 retail projects in the Czech Republic, for 20 years. CENTERSCAPE’s local portfolio has grown tenfold in that time – and Cushman & Wakefield manages the vast majority of these retail parks and standalone properties.
The real estate investor, operating since 2007 under the company name “Centerscape”, owns over 245 retail projects in Germany, Poland and the Czech Republic. Here, it started with Retail Park Čestlice and Retail Park Černý Most, which Cushman & Wakefield was entrusted to manage. This cooperation has successfully been going on for 20 years – and it is worth mentioning that the same people are still on both companies’ side: Graham Douglas, Chief Executive Officer at CENTERSCAPE, and Petr Landsinger, Head of Industrial & Retail Parks Asset Services at Cushman & Wakefield.
CENTERSCAPE’s portfolio in the Czech Republic has expanded over the past two decades from the first two projects to the current 20. These are mainly smaller retail parks and stand-alone retail buildings with food chains as main tenants. Based on mutual satisfaction and trust, Cushman & Wakefield manages 19 of these retail projects, providing professional services including property management, supervision of investment works (project management), letting and all other advisory services as per CENTERSCAPE’s requirements.
Petr Landsinger, Head of Industrial & Retail Parks Asset Services, Cushman & Wakefield, said: “We very much appreciate this long-lasting cooperation with CENTERSCAPE – a company we see as a strong player in the local retail market. Its strength is its focus on high-quality retail projects, excellent tenant service, professional management and emphasis on sustainability.”
Graham Douglas, Chief Executive Officer, CENTERSCAPE, commented: “Cushman & Wakefield has been instrumental in CENTERSCAPE’s long-term success in the Czech Republic. We thank the entire team for the high level of professionalism, care and enthusiasm with which they approach the management of our projects. I consider our cooperation and relationship to be one of the best that we as a company have experienced.”
In the future, CENTERSCAPE would like to expand its presence in the Czech Republic and is currently considering the acquisition of additional retail parks or stores here. CENTERSCAPE’s portfolio includes 246 retail projects in three countries, the majority of which are located in Germany and Poland.
