Global real estate consultant Cushman & Wakefield has opened an office in the Slovakian capital Bratislava. The new office will be headed by Andrew Thompson, currently head of office agency and client solutions for C&W in the Czech Republic.
Global real estate consultant Cushman & Wakefield has opened an office in the Slovakian capital Bratislava. The new office will be headed by Andrew Thompson, currently head of office agency and client solutions for C&W in the Czech Republic.
The office, a subsidiary of the C&W office in the Czech Republic, offers a full range of property services across all sectors, including retail, office, industrial and hotels.
'Strong economic growth, forecast to reach more than 7% this year, is encouraging existing occupiers to grow, in addition to drawing in new occupiers and cross-border investors. Yields vary from 6% for prime offices to 7% for industrial, which are around half to one percentage point higher than similar product in the Czech Republic,' said Thompson.
Jonathan Hallett, head of C&W in the Czech Republic and Slovakia, added: 'Cushman & Wakefield has operated in the Slovak market for several years on behalf of a range of clients via our Prague office. We took the decision to open our own dedicated office in Slovakia given the market's rapid expansion and the rising interest from our cross-border clients, and reflecting our firm’s general expansion in the Central and Eastern European region.'
