2019 was a major year of transformation for Colliers in the Czech Republic.
It started towards the end of 2018 when Colliers decided to restructure its business and activities to better serve its clients and to meet the new trends and requirements of the market.
Colliers with its 25 years of presence in the Czech market, decided to leverage its position and benefit from its market knowledge, experience and activities. A carefully planned strategy was put in motion, which covered different areas that were critical to establish a stronger and better-connected platform not only locally but across the CEE region.
EXPANSION AND NEW BUSINESS LINES
Throughout Q4 2018 and 2019 we have set up two new business lines Design & Build and Retail Agency and have strengthened our Office Agency, Industrial Agency, Valuation, Property & Asset Management, Research, Marketing & PR and Workplace Solutions service lines.
To accommodate for this improvement and expansion, we have recruited around 33 new professionals and carefully selected the best available and most experienced talents on the market. No other real estate advisory company currently in our market has seen such an activity and success in attracting so much talent, which only cements our confidence in what we are doing. This headcount growth required us to expand our office space, where we have doubled the size of our office and completely redesigned it – a project which was designed and executed by our Workplace Advisory and Design & Build teams to guarantee that we implement the latest trends and needs of modern office spaces.
Looking back at our 2019 achievements, we are extremely excited about what we achieved. We managed to grow our revenues by 94% Y-o-Y and we ended up with the best ever achieved revenues over the past 10 years at least. Some of our most active business lines were Investment, Industrial Agency, Office Agency, Workplace Advisory and Property & Asset Management Services.
SUCCESS IN MOST SEGMENTS
In Investment we are very proud for having managed a total of eight transactions with a total value exceeding EUR 313 million and 140,000 sqm on behalf of our clients. These transactions included Greenline in P4, Crystal in P3, Blox in P6, Tulipa Ujezd in P1, the sale of Metro portfolio, Celetna in P1, Faurecia and Bibus. Our other major success examples across the various business lines included our Building Consultancy and Project Management services advising and working with Unicredit bank and GTT; our Design & Build team working with clients such as Marriott, Cataps, Credo Ventures and GTT, our Industrial team working on Hutchinson, Savera Components, Henniges Automotive, XO Foods and Office Agency advising and brokering Kapitol, GTT, Citfin, Cataps CA Immo and Infosys. Last but not least, our Workplace Advisory team has worked on projects with Deloitte, Škoda Auto, Crestyl and Nestle.
A major part of our transformation is targeted at being closer to our clients, better understand their needs and being able to offer a more comprehensive and wider range of integrated services. We have improved our regional platform knowing the regional activity and needs of our clients, so we became more connected across the CEE region and we set up a new regional role for our Research to make sure we deliver consistent high-quality market information, analysis and reports and overviews. To make sure we don’t miss on the IT and technology front, we have completely redesigned and reworked our web tools “OfficeMap” and “WarehousesMap” and improved our web site portal to make them more user-friendly and easier to navigate.
COMMITMENT FOR FUTURE
Starting now in 2020, we are more excited and motivated to continue what we have begun and we expect further growth and strong market activities. 2020 in Czech on the office side shows a strong supply pipeline exceeding 178,000 sqm, Workplace trends strongly call for more sustainable, productive, flexible solutions where wellness and well-being are becoming an integral part of any modern office today, especially in times were human resources are very limited and difficult to find.
We appreciate the confidence and trust our clients give us and we are committed to keep their interests our priority.
TEWFIK SABONGUI, CEO, COLLIERS CZECH REPUBLIC