Colliers International has launched a new retail agency service line for the Czech Republic, led by Marjan Gigov.
Gigov joins Colliers as a director after spending 15 years in the Czech real estate market specialising in high street and luxury retail in Prague and the wider Czech retail market.
'Retail is an important business line we can’t ignore in our Czech market. Prague in itself is an outstanding and special destination for luxury brands with its famous Parizska street, whilst the wider Czech Republic retail market continues to evolve, changing and catching up with Western Europe,' said Tewfik Sabongui, managing partner of Colliers International Czech Republic.
'The city of Prague, being among the top tourist destinations in Europe, has seen major changes with large flows of Asian shoppers, growing disposable income of locals, high brand awareness and an increasing demand by consumers for product quality and good customer service,' said Gigov. 'Also, the reality is that our market is missing some major brands that you normally see on the streets of Italy, France and Germany, especially from the contemporary fashion segment.'
Before joining Colliers International, Gigov worked for PSN, JLL, Orco, Mantaren Properties and Svoboda & Williams.
Colliers said that the newly established retail agency in the Prague office was part of Colliers International’s longer-term growth plan for the Czech market.
