Bucharest, April 2024: Cushman & Wakefield Echinox announces the promotion of Ștefan Surcel as Head of Industrial Agency.

In his new role, Stefan will coordinate the activity of the company’s Industrial department and will focus on further developing the existing relationships with strategic clients and also on identifying and creating new market opportunities.

Oana Iliescu, Managing Director, Cushman & Wakefield Echinox: “The industrial and logistics market segment is very dynamic, having the highest growth potential among all real estate sectors. Therefore, it is very important for us to have skilled people, ready to identify and capitalize on the many opportunities which will certainly arise in the future. We are convinced that, together with the team he coordinates, Stefan will succeed in developing the industrial leasing department and in expanding the services offered to our clients.”

Stefan has more than 8 years of experience in real estate (out of which 4 within Cushman & Wakefield Echinox) and he provides a wide range of consultancy services to his clients: industrial and logistics property leasing, land sale/acquisition or due diligence.

Sameday, Evofarm, Raben Logistic, Danfoss, Alloga Healthcare, Puratos Group, E-ON, Rehau are among the clients which have been assisted by Stefan in the last few years.

Stefan Surcel, Head of Industrial Agency, Cushman & Wakefield Echinox: ”I decided to join the Cushman & Wakefield Echinox team 4 years ago and I was heavily invested in learning as many things I could about a totally unknown market: industrial and logistics. 4 years later, I am thrilled to take on a new challenge and to make the most out of this exciting opportunity. Our Industrial and Logistics department has tripled during the last 4 years and I strongly believe that my colleagues and I are in the perfect context to further develop and strengthen our position in the market.”

The Romanian industrial and logistics market has been undergoing a strong expansion period in the last few years, registering significant levels of new deliveries supported by a sustainable and growing demand. The annual take-up between 2020 and 2023 exceeded 1 million sq. m in every year, with a consistent transactional activity being expected in 2024 as well.

Cushman & Wakefield Echinox is a leading real estate consultancy company in Romania, operating on all market segments. The Industrial department was established over 20 years ago and has been involved in numerous transactions, assisting leasing contracts totaling approximately 190,000 sq. m during the last 4 years.

Cushman & Wakefield Echinox is a leading real estate company on the local market and the exclusive affiliate of Cushman & Wakefield in Romania, owned and operated independently, with a team of over 80 professionals and collaborators offering a full range of services to investors, developers, owners and tenants.

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.



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