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The Challenge

C&W High Street Retail team in Prague got an exclusive instruction to find suitable tenant for a unit at Stara Celnice (Prague) with previous Corso café tenant. Market compensation, rent, quality of concept and reliability of a future tenant were given requirements.

The Solution

Cushman & Wakefield assisted in order to identify the most suitable tenant, respecting given requirements. Cushman & Wakefield High Street Retail team analysed actual gastronomic and café shop trends and concepts on the Czech and global market. C&W Retail team defined a list of potential Czech and international tenants and supported the landlord during the selection procedure. C&W secured the strongest tenant - CACAO, who was chosen by the owner of the building - Global Investment Fund INVESCO.

The Results

Slovenian café concept CACAO with well-known fresh ice-cream entered the Czech market and opened its first store in an attractive corner unit in Stará Celnice building in the centre of Prague. Landlord enlarged his portfolio by the modern international concept.