CPI Hungary integrates property management services – BBJ
CPI Hungary has integrated all property management activities of its domestic retail portfolio, as besides property management and leasing, legal services are provided by company employees, according to a press release sent to Budapest Business. Log.
As a result, the company’s workforce has increased by 40% and there are no outsourcing services for any activity.
CPI says it has high expectations for the full integration of retail management, as more efficient property management can help increase tenant satisfaction, adding that the company’s integrated, in-house portfolio management model has already met expectations in the office market.
The move will allow the company to respond more directly and quickly to the needs of tenants. Concentrating full-service management in one hand will also allow the company to more effectively manage changes in the market, which in turn will help to ensure that stores’ interests are served and their competitiveness is maintained, the company adds. ‘business.
In 2017, CPI acquired a significant amount of commercial real estate in Hungary, followed by the repositioning of shopping centers and small businesses and the professionalization of management. The efforts have paid off, as regional malls are becoming increasingly popular with visitors.
In addition, the Campona shopping center, which is part of the company’s portfolio, will be renovated this spring into a family experience center. The revitalization project aims to respond to new trends and shopping needs, with refined interior design and a focus on entertainment.
“We believe that the best service to our tenants can be rendered by carrying out all real estate-related activities ourselves. The satisfaction and loyalty of our tenants have already proven this in the office segment, where the approach integrated ownership has been successful since the home of CPI -increasing success in 2014, and we anticipate similar effectiveness and increasing tenant satisfaction in the retail sector.In the future, our tenants will be able to contact us directly, which which we hope will increase the competitiveness of our stores,” said Attila Madler, Director of CPI Hungary Asset Management.
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