CMS has advised Savills plc. (“Savills”) on the acquisition of SB Property Services, a Czech company providing asset management services. Since entering the Czech market in 2016, Savills, a leading global real estate company listed on the London Stock Exchange, has expanded further throughout CEE. The acquisition of SB Property Services provides Savills with a market leading property management platform in the Czech Republic.
SB Property Services has over EUR 400 million of assets under management, including landmark properties such as the Charles Square Center, the Rohan Business Center, the Melantrich Building and the Trianon office building. Martina Bartek and Michaela Semanova, who will join Savills as directors, established SB Property Services in 2011.
With an international network of more than 700 offices and associates in the Americas, the UK, continental Europe, Asia Pacific, Africa and the Middle East, Savills offers a broad range of specialist advisory, management and transactional services to clients all over the world. Savills entered the CEE through a presence in Poland in 2004, and after opening an office in Prague last year, it has established cooperation agreements with businesses in Romania and Hungary.
The CMS team which advised Savills was led by Helen Rodwell, with the support of Frances Gerrard and Pavel Kocián.