Iconic Building Myslbek Managed by #CW

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Posted on 13. 02. 2019

Cushman & Wakefield has become the new property manager for Myslbek, the iconic multi-purpose building in the heart of Prague and owned by AEW.

As part of Cushman & Wakefield’s international collaboration, its Polish office has become the manager of two major shopping and office centres in Poland, Klif in Gdynia, Klif House of Fashion and Klif Tower in Warsaw from the same owners. Both offices assume their property management duties in February 2019.

“The objective of our international tenders, which we started in late 2018, was to find a single partner for the management of selected properties in the Czech Republic and in Poland. Cushman & Wakefield has extensive experience in commercial property management and the largest team on the market, hence we believe that our collaboration will be successful and fruitful,” says Zdeněk Hausvater, Director of Asset Management in AEW.

The building of 25,000 sq m currently accommodates 44 tenants on six floors and is 99% occupied. Its long-term office occupiers include Asahi, Pilsner Urquell, Kinstellar, American Express, BNP Paribas and others. In the shopping mall, the anchor client is H&M and its flagship brand shop in the Czech Republic with more than 4,000 sq m that opened following the refurbishment in 2018. Occupiers include many premium brands such as Karl Lagerfeld, T.M.Lewin and other. Cushman & Wakefield will provide facility management, project management and marketing services as well.

“The Myslbek office centre was built directly in the main shopping street, Na Příkopě, in 1996. It was one of the first new commercial schemes developed in the capital’s centre after the Velvet Revolution. Both the office part and the shopping mall underwent thorough refurbishment in recent years, thanks to which they can still keep pace with the most modern projects built in recent years. Our goal is to maintain this reputation,” says Lenka Vodrážková, Partner and Head of Office Asset Services in Cushman & Wakefield.

Myslbek is a commercial property, six aboveground and four underground floors and 324 parking spaces. An important part of the Myslbek, a shopping gallery connects the city’s historical part with a new central shopping district. The well-known multi-purpose Myslbek in the centre of Prague offers its occupiers high profile addresses – Na Příkopě and Ovocný trh. Connecting Prague’s Old Town and New Town symbolically, the building is perceived as more than just an office building with presentational offices, occupied by long-term tenants. It is also an elegant shopping mall in the centre of Prague in one of the world’s most expensive shopping streets.

The building was rated “very good” as part of the BREEAM In USE certification.

Winning the management contract of Myslbek, Cushman & Wakefield continues the trend started in 2018 and expands the portfolio of buildings under its management. Cushman & Wakefield currently manages a total of 85 building in the Czech Republic and Slovakia with a total area exceeding 1,100,000 sq m, including 30 office schemes and 22 shopping centres. A team of 150 experts is now in charge of property management in both countries.

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