Agent nets €200m in Eastern Europe

Estate agent Collier Jackson Stops Group said yesterday that it had completed property deals worth €200 million in Eastern Europe…

Estate agent Collier Jackson Stops Group said yesterday that it had completed property deals worth €200 million in Eastern Europe in 2004.

In a statement, its managing director, Mr Declan Stone, predicted yesterday that the group would have another year of strong growth.

Mr Stone said that it had grown its international presence in 2004, when its commercial and investment arm bought properties for clients worth a total of €200 million in Prague in the Czech Republic, and Budapest, the Hungarian capital.

He added that the division continued to experience strong demand for properties in the UK and Eastern Europe.

READ MORE

In the Republic, its residential business acted on the sale of 18 properties with individual values of €2 million or more.

US multi-national, TK Maxx, which is in the process of opening a chain new fashion department stores in the Republic, recently hired Collier Jackson Stops to find 25 units over the next three years.

The estate agent said that this would represent a total take up of 750,000 square feet over the three-year period.

Mr Stone pledged that the group would expand its board with a number of external appointments over the coming months.

Collier Jackson Stops is a member and shareholder of global group, Collier International.