The Czech Republic rose to fifth most-peaceful country in the world, beaten only by Iceland, New Zealand, Japan and Denmark in the 2011 Global Peace Index published by the Institute for Economics and Peace. The Czech Republic’s GPI score improved last year owing to a fall in the likelihood of violent demonstrations. On average, Central and Eastern Europe ranks as the world’s third most-peaceful region.
Real estate service firm Colliers International announced the appointment of Sean Dowsey as director of CEE real estate management services effective May 2011. He will lead Colliers International’s real estate management activities in Central and Eastern Europe. He will be working alongside Peter Love, a partner for real estate management services in Poland.
Michal Kušnier has become hospitality analyst for the CEE region in real estate consultancy Cushman & Wakefield as of May 2011. Michal will closely work with Frédéric Le Fichoux, head of Cushman & Wakefield hospitality for the CEE region, which includes the Czech Republic, Slovakia, Hungary, Poland, Romania, Bulgaria and other Balkan countries.
The Czech Republic ranks surprisingly high in Ernst & Young’s mergers and acquisitions (M&A) maturity index. Out of 175 countries survey, the Czech Republic tied for 24th place overall, and was ranked first in the CEE/CIS region. The country scored highest in terms of sociocultural factors. Worldwide, the M&A market is showing signs of recovery, the “Big Four” consultancy says.
Colliers International promoted Hadley Dean to a newly created position, managing partner of the New Europe division. He now oversees 650 staff in 16 offices in 13 countries across Russia, Central and Eastern Europe (CEE), and Southeast Europe (SE). Previously, he was in charge of the CEE region. The new position is part of Collier International’s integration of its operations across Europe.
Outlet centers in Europe are heating up considerably while other retail markets continue to be slowed. The newly established Fashion House Group, created by the transfer of GVA Outlets to Liebrecht & wooD, instantly creates a dominant player in CEE, with outlets and sites ranging from Moscow and Kiev to the Czech Republic, Poland, and Switzerland, with 10 more projects in the pipeline.
The Central Europe (CE) logistics sector has undergone a dramatic recovery since 2009 — at a rate and to an extent exceeding all expectations — with major sales and developments now in the works, and international JVs being established to exploit the opportunities. Helical Bar’s Mike Slade tells Czech Position his plans for an initial €50 million in financing and about the buyers he expects to attract.
The CEE region has been generating about twice the level of return on capital compared with the eurozone, according to a report. The Czech Republic had the fifth-highest return on capital out of the 23 economies included. The only country outside of the region to reach similar levels in some indicators was Germany.