Savills appointed to manage Retail Park in Most, Czech Republic

15 January 2018

International real estate advisor Savills has been appointed by Focus Estate Fund to manage Retail Park Most in the north west of the Czech Republic from December 2017.

Focus Estate Fund acquired Retail Park Most with 6,471 sq m of net retail space in October 2017. The project offers eleven retail units, 175 parking lots and tenants such as Sportisimo, VENATOR, Auto Kelly, Breno, Cyklo World, Pet Shop and PHASE. Currently, there are negotiations in progress with other tenants for the existing vacant units. Retail Park Most is located near a residential area and the Albert hypermarket in the southern part of the town. The Savills team will be providing property management, financial management, marketing and leasing.

Martin Kýhos, Asset Manager at Focus Estate Fund, said: “We are happy to enter into a working partnership with a reputable company like Savills. We are looking forward to our future cooperation to improve the retail park and increase its profitability.”  

Petr Machula, Head of Property Management, Savills Czech and Slovak Republics, comments: “We are delighted to be working with Focus Estate Fund. We look forward to advising them on the settting up of procedures for the ongoing management, maximising efficiency, increasing occupancy, and reducing overall operating costs to enhance the overall value of this retail asset under Savills Property Management.”

 
 

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Petr Machula

Petr Machula

Head of Property Management
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