Savills expands Czech business with Property Management team

Established in 2011 by Martina Bartek and Michaela Semanova, who will join Savills as directors, SB Property Services has 25 staff managing a portfolio of commercial properties comprising 185,000 sq m with a value of over EUR 400 million. Clients include Commerz Real and Czech fund management company REICO (an investment company of Czech bank Ceska sporitelna). Among the class A properties managed are: Charles Square Center, the Melantrich Building, Rohan Business Center and the Trianon office building.

CEE is one of the fastest-emerging areas of Europe and in H1 this year the Czech Republic accounted for the largest share of the real estate investment market into this region (approx EUR 2bn). Savills has had offices in Poland since 2004 and opened an office in Prague in 2016. It has since established cooperation agreements with businesses in Romania and Hungary.

Ben Maudling, head of Savills in Czech Republic, says: “We are extremely pleased to have agreed terms with Martina Bartek and Michaela Semanova. They have done a great job getting SB Property Services to where it is today and we look forward to incorporating them and their staff into the existing Savills Czech asset and property management team. Acquisition of SB Property Services provides Savills with a market leading property management platform in the Czech Republic which has over EUR 600 million of assets under management. Importantly, this includes both valued international and local clients with properties in Prague and in regional cities”.

Michaela Semanova and Martina Bartek, co-owners of SBPS, comment: “It is an exciting time to join a global real estate brand at a time when they are actively expanding within the Czech market. Being part of a much larger organisation will allow us to offer wider selection of services to our clients and through the wider global network we hope to approach new clients and projects which will bring new opportunities to our team.”

Petr Machula, head of Property Management at Savills Czech Republic, adds: “The Czech market has seen solid economic growth and this has attracted investors from outside the EU such as Asia and South Africa coming into the region. The platform created by the SBPS acquisition will position us far more effectively within the market enabling us to offer a full property management service to our domestic and international clients.”

Picture caption L-R: Petr Machula (Head of Property Management, Savills Czech Republic),  Philip Ingleby (COO, Savills Europe), Martina Bartek, Michaela Semanova, Ben Maudling (Head of Savills Czech Republic), Nick Herward (Head of Savills Property Management)