CMN welcomes new Chairman of the Supervisory Board Mr Richard Britten-Long

Today CMN Group announced the appointment of a new Chairman of the Supervisory Board Mr Richard Britten-Long. The newest addition to the board brings international and deep experience both in structuring, securing, and placing real estate debt including securitizations and sell downs and real-estate acquisition and management processes.

After 50 years of experience, Richard has spent most of his career in Investment Banking specializing in Property Finance and Fund Management. He was the Founder and CEO of Wichford Property Management a joint venture between his Laird Finance Group and J O Hambro Capital Management building over a £1 billion (CZK30 billion) portfolio of commercial properties leased entirely to government occupiers in The United Kingdom & continental Europe. Wichford Plc (RDI Reit) was fully listed on the London Stock Exchange and was effectively taken over by a South African investment house in 2008 at the top of the market

“When I was asked to consider joining CMN as Chair of The Supervisory Board, I was immediately captivated by the energy, determination and ability of the Founders of this dynamic but risk averse organisation. I was impressed with almost every aspect of the company starting from the transaction and investment decision-making processes right through to the asset & property management strategy supplemented by impeccable financial capability,” said Britten-Long. “my conclusion is that CMN has developed into a company with excellent growth potential let alone with a robust business model. It is an honour to be part of it.”

Českomoravská Nemovitostní (CMN) is a Czech real estate company established in 2016. CMN specializes in long-term investment and management of well-located commercial properties of premium quality. Its strategy is based on consistent profit generation based on progressive rental income and added value. The total value of assets under management amounts to more than CZK13.5 billion while the total leasable area has reached almost 150,000 sqm.  In the last year, CMN has been instrumental in acquiring some of the largest transactions in the Czech Republic real estate sector.

“Richard will bring further perspective to the company. We welcome an experienced professional with an international reputation to help CMN Group develop even further,” commented board Chairman Radek Stacha.