Českomoravská Nemovitostní celebrates ten years. The Brno-based company has become the third-largest office landlord in the Czech Republic

The investment group Českomoravská Nemovitostní (ČMN) is celebrating the tenth anniversary of its founding this year. Over that time, the small Brno-based company has grown into one of the three largest office landlords in the Czech Republic, with a managed portfolio worth CZK 18.7 billion and the trust of more than 20,000 investors. Nearly 190 companies are now based in the group’s buildings. ČMN has symbolically marked the milestone anniversary by unveiling a new visual identity for the brand.

From smaller transactions to premium buildings in central Prague

ČMN was founded in Brno in 2016 as an independent real estate group focused on the acquisition and management of commercial properties. It gradually moved on to acquiring office buildings in sought-after Prague locations, from Wenceslas Square through Vinohrady and Karlín to Smíchov and Dejvice. Today, it manages 14 office buildings with a total area of 177,000 m² and four retail properties with a further 49,700 m². The lettable area under management has therefore grown more than fourfold over the past ten years, from approximately 50,000 m² to the current roughly 226,700 m².

Long-term tenants in the group’s buildings include Deloitte, Google, Vodafone, Siemens, Nestlé and Pfizer, among others. The group also participates in financing acquisitions through the NEMO real estate fund, through which more than 16,000 investors invest in the portfolio.

Competition for Riverside and plans for further acquisitions

In connection with the anniversary, ČMN Chairman of the Board Radek Stacha also mentioned the group’s recent attempt to acquire the Riverside complex in Karlín. In the transaction valued at approximately EUR 300 million, ČMN narrowly missed out on success, losing by around EUR 2 million, according to him. Stacha said this proves that the group is capable of competing for the country’s largest real estate projects, and despite the unsuccessful bid, ČMN plans to continue looking for similarly large acquisition opportunities.

A new visual identity for the second decade

The group also used the beginning of its second decade to refresh the brand’s visual identity. According to ČMN, this is not a radical change, but a natural evolution towards a clearer, more modern and more confident appearance that reflects the current scale of its portfolio and the company’s position in the market. At the same time, the new visual style maintains continuity with the brand’s previous identity, which ČMN’s tenants and partners are accustomed to.

Why it matters to the market

ČMN’s growth is an example of how the ownership structure of office properties in Prague has changed in recent years: alongside traditional foreign funds, domestic investment groups financed predominantly with local capital are also gaining a more significant share. For companies looking for office space, this means above all an expanding range of landlords offering premium buildings in central Prague locations.

Source: Kurzy.cz