ROMANIA RETAIL SNAPSHOT 2019-2021
Bucharest, May 2021: Cushman & Wakefield Echinox expands and consolidates its Land & Industrial team by recruiting Liviu Mărginean and Ștefan Rădeanu, two specialists with a combined experience of 22 years in the real estate market, within the department coordinated by Andrei Brînzea.
Liviu Mărginean has seven years of experience in the real estate market, being involved over time in the expansion process of LIDL and Auchan retail chains. He joined the Cushman & Wakefield Echinox team as Director Land Agency, advising on land sale or aquisition for future retail, industrial and residential developments, as well as market analysis and due diligence.
Ștefan Rădeanu has over 15 years of experience in the real estate industry, of which almost 10 years within the regional expansion team of the German company Kaufland. For the last 2 and a half years, Stefan has been Commercial Manager of VGP Romania. As Director of Cushman & Wakefield Echinox Industrial Agency, Ștefan Rădeanu will focus on the leasing of logistic and industrial properties, but also on land acquisition and future development for logistic or mixed projects.
Andrei Brînzea, Partner Land & Industrial Agency Cushman & Wakefield Echinox: “Liviu and Ștefan have a vast real estate market experience and they will strengthen our team and help us to offer a rapid and professional response to the growing number of complex requests we receive.”
Following the new recruitments, the Land & Industrial team of Cushman & Wakefield Echinox is now formed of seven members with an average real estate experience of over 10 years, being involved over time in numerous transactions for a variety of international and local clients.
Romania’s logistics and industrial market started 2021 on a positive trend, the transactional volume in the first three months of the year reaching almost 200,000 square meters, while developers are building new spaces with a total area of over 450,000 meters square, with Bucharest being the most active market, followed by Cluj-Napoca, Timişoara and Braşov.
Cushman & Wakefield Echinox is a top real estate consulting company on the local market and the exclusive affiliate of Cushman & Wakefield in Romania, owned and operated independently, with a team of over 60 professionals and collaborators offering a full range of services to investors, developers, landlords and tenants.
Cushman & Wakefield, one of the global leaders in commercial real estate services, with 50,000 employees in over 60 countries and € 7.8 billion in revenue, provides asset and investment management consulting services, capital markets, leasing, properties administration, tenant representation, project management, design and evaluation services. For more information, visit www.cwechinox.com