Ben Maudling joins Savills after four years at Arcona Capital GmbH (formerly Palmer Capital Investments GmbH). As managing director and a board member, he was specifically responsible for the investment and asset management activities of the company within CEE. In 2000 he sold Aston, a real estate business that he had established in Prague, to CBRE, and then went on to head the central European investment activities of INVESCO Real Estate.
Savills already has a strong and successsful business in Poland, incorpoating four offices and more than 100 staff. In Prague, Maudling will be establishing departments covering capital markets, leasing, valuation, building & project consultancy and asset & property management.
Like neighbouring Poland, the Czech Republic is becoming increasingly attractive to domestic and international investors. Savills research notes that investment volumes in 2016 reached a record EUR 3.60 billion and another strong year is expected in 2017.
“In line with increasing investor demand across the CEE, we have been expanding our teams and areas of expertise in order to offer the very best service for our global client base,” comments Mark Ridley, CEO of Savills UK & Europe. “Ben has been a resident of Prague since 1992 and I am confident that his extensive local knowledge and pan European experience will enable us to establish a strong and highly reputable presence in this region.”
Ben Maudling, Head of Savills Czech Republic and Slovakia, said: “I am very pleased to be joining Savills. There are many business opportunities in the rapidly growing property markets of the Czech and Slovak Republics and in the CEE region generally. With the resources Savills has at its disposal, I look forward to developing a strong and market leading full-service operation in Prague.”
The announcement of Savills growing operation in the CEE follows the launch of its Luxembourg office in late 2016, and the appointment of new industrial teams in both Poland and The Netherlands.