CMN has a new Chief Executive Officer, Karel Bor

With more than 20 years of experience, Karel Bor, who has worked in the real-estate market as an advisor, developer and a managing director, will become the new head of Českomoravská Nemovitostní (CMN) on February 1st, 2022. 

He has experience as a Country Manager of the Austrian Immofinanz Group and as a Managing Director of BNP Paribas Real Estate. Karel Bor has a degree in economics and an MBA degree from a University of Glasgow.

In his new position of Chief Executive Officer, Bor will be responsible for the general management of the company – from business development, through asset and property management to the coordination of activities and the creation of the company's strategy. With the help of this new leadership, CMN's ambition is to solidify its position on the market and become a leader in the office building management and leasing sector. Through this step, CMN follows up on the recent appointment of Richard Britten-Long as the Chairman of the Supervisory Board, affirming its ambitions beyond the Czech market.

"To me, it is a great opportunity as well as a challenge to become part of the CMN Group. My aim will be to strengthen CMN's position on the market. I am happy that I can offer the group my many years worth of experience and professional expertise. I am looking forward to the possibilities this cooperation will bring," says Bor regarding his appointment.

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. Currently, CMN is one of the 5 biggest providers of commercial real-estate in Prague.