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ČNM appoints new head of property

The investment group Českomoravská Nemovitostní (ČMN) has announced the appointment of Iveta Valentová as the new Head of Property. Iveta is bringing to ČMN experience and knowledge in real estate management acquired during her 11 years at CBRE.

At CBRE, Iveta Valentová managed a portfolio of 28 properties with a total area of 700,000 sqm, including office, industrial, logistics and retail properties. She cooperated with 9 important investment funds such as Raiffeisen, Cromwell, Reico, Immofinance and Verdion. This experience gave her a comprehensive view of real estate management issues enabling her to acquire strong management and communication skills, which she further developed in the two-year MBA Real Estate and Valuation program at the Faculty of Finance and Accounting at the University of Economics in Prague.

"We are pleased that Iveta Valentová is becoming part of our team," says Radek Stacha, Chairman of the Board of Directors at ČMN. "Her experience and expertise in real estate management is a tremendous asset to our company."

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The real estate fund NEMO delivered one of the best returns on the market last year. The number of investors increased by half

In 2023, the real estate fund NEMO achieved a return of 7.21%. This placed it among the top-performing retail real estate funds in the Czech market. The total return since the fund's inception in June 2019 has already exceeded the 30% threshold. Moreover, NEMO has also seen success in attracting new investors, with their number now exceeding 8,600, which is half as many again as the previous year.

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ČMN strengthens its team with experienced financial director Alice Augustová

Alice Augustová has been appointed to the position of financial director, a professional with almost thirty years of experience in the fields of finance and real estate. Her extensive expertise and profound professional knowledge will contribute to initiating the next phase of the company's growth and strengthening ČMN's position in the Czech real estate market.

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ČMN becomes majority owner of Churchill Square

Českomoravská nemovitostní has acquired a quarter stake in the Churchill Square office complex in Prague near the main railway station for CZK 1 billion (€41 million). It has thus become the majority owner of the complex.

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Zirkon Office Center in Karlín is transitioning from ČMN's ownership to the ownership of Upvest and Lincoln Property Company.

Praha, October 2, 2023 – The five-story administrative building, Zirkon Office Center, located in Prague's Karlín district, has changed ownership. The property, boasting more than 11,500 square meters of leasable space, previously owned by Českomoravská Nemovitostní (ČMN), is now owned by a joint venture between Upvest and Lincoln Property Company. The building is set to undergo redevelopment.

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ČMN unveiled a memorial plaque for General Josef Duda in Prague

Two years ago, on a lucrative brownfield site in the center of Prague near the Main Train Station, a street was created bearing the name of General Josef Duda. On September 15, 2023, a memorial plaque was unveiled for the distinguished Czechoslovak pilot Josef Duda, who contributed to the success of our British and Allied RAF pilots in the Battle of Britain.