Private investment company CIMEX GROUP has appointed international real estate advisor Savills to manage four of its office buildings in Prague. The total floor area of the buildings is approximately 24,500 sq m (263,716 sq ft) and currently provides premises for over 200 tenants.

CIMEX GROUP has been one of the largest private investors in the Czech Republic for over 25 years. The main focus of the group is strategic investments, including hotel projects and administrative buildings.

The office buildings under Savills management are located in the attractive locations of Prague 10 (Garden Eleven and Atrium House) and Prague 8 (Zenklova), offering office space with a high standard of services and providing easy accessibility by car and public transport.

"We are proud to have been selected by CIMEX GROUP to manage this office portfolio in Prague, which confirms that we have taken the right approach in terms of selecting key people for our team and for our clients´ projects," comments Peter Machula, Head of Property Management at Savills Czech and Slovak Republics.

Savills property management department in the Czech and Slovak Republics was established in April 2017 under Pert Machula’s leadership. In less than a year and a half of its presence on the Czech real estate market the team has enlarged its portfolio of property and assets under management to more than 300,000 sq m (3,229,173 sq ft), including administrative buildings, mixed-use and retail projects.