REICO investiční společnost České spořitelny, a.s. (REICO IS ČS), a leading Czech investment company operating in the Central Europe region has appointed international real estate advisor Savills as property manager for its Prague office complex Bořislavka. Savills will work in cooperation with Active Retail Asset Management (ARAM) who will manage the retail scheme within the asset.
Bořislavka Centrum is located in the prestigious area of Prague 6 on Evropská třída. The complex comprises four class A office buildings with a total leasable area of 30,000 sqm and almost 10,000 sqm of retail space with 60 retail units on the ground floor. It also includes more than 4,000 sqm of public spaces consisting of food and beverage outlets, greenery, areas to relax and water features. The office premises are fully let, with high-profile tenants such as KKCG, KKCG REG, Sazka, SAZKA Group, MND, KKCG Technologies, Škofin, Pražská vodohospodářská společnost, IGT Czech Republic and MM&C. The asset was recognised as the ‘Best International Office Development 2019/2020’ at the International Property Awards and received a LEED Gold certification. It also won the Best of Realty 2021 competition in the New Administrative Centres category and was awarded Environmental Project of the Year.
ČS NEMOVITOSTNÍ FOND, managed by REICO investiční společnost České spořitelny, a.s., acquired the Bořislavka Centrum complex in February 2022, bringing the total number of properties in its portfolio to 21. The fund now owns nine assets in the Czech Republic, seven in Slovakia and five in Poland.
Michaela Semanová, head of property management at Savills CZ&SK, says: “We are proud of this new appointment and the trust placed in us by REICO IS ČS. I look forward to cooperating with ARAM, an expert in retail asset management, on branding and to deliver high-quality property management services to further develop Bořislavka as a landmark asset.”
Martin Kubík, managing director of ARAM, adds: “We are very keen to start working on this first-class project together with Savills. For ARAM, as a purely Czech asset firm, it’s a great achievement to have been appointed. Our biggest goal for the year is to raise the overall awareness of Bořislavka Centrum within its immediate catchment area and to complete the existing offer with the best fitting retailers on the market.”
Savills property management department in Prague was established in April 2017 and has since grown to more than 35 people. Currently, the team manages a portfolio of 595,000 sqm, including office buildings, industrial parks, mixed-use and retail projects.