ROMANIA RETAIL Q1 2023
Bucharest, December 2021: The Asset Services department of the Cushman & Wakefield Echinox real estate consulting company increased its property portfolio by 28% in 2021, reaching approximately 500,000 square meters of office, logistics and retail spaces, both in Bucharest and the other parts of the country, while a growth of 10-15% is also estimated for 2022.
Mihaela Petruescu, Partner Asset Services Cushman & Wakefield Echinox: “Today we manage the most diverse portfolio of real estate assets, covering all three commercial segments, namely offices, retail and logistics. This year’s increase has been the result of attracting new office and retail clients, as well as through the expansion of the Logicor Mogosoaia logistics park. More than ever, property owners need a reliable partner to support them in the cost optimisation process and to help them find the best solutions for the changes thay may arise from the tenants’ or buyers’ activities. ”
The latest projects which are now part of the Asset Services department portfolio are Țiriac Tower, developed by Țiriac Imobiliare and Floreasca Park, owned by Resolution Property and Zeus Capital, as well as Funshop Park Roșiorii de Vede and Funshop Park Focșani, developed by Scallier.
Moreover, the Asset Services department of Cushman & Wakefield Echinox has also expanded with new services this year, providing consultancy for obtaining Covid Compliant certificates, for Dekra Trusted Facility projects such as: Floreasca Park, emag, Orhideea, Oregon Park, but also the Safe Guard certification for The Landmark building.
This type of certification ratifies that the owners have implemented all the safety rules, as its aim is to increase the employees’ interest and confidence in order for them to return to the office.
The Asset Services department also includes the Corporate Facilities Management division, which has also attracted new customers, as Cushman & Wakefield Echinox currently has in its portfolio companies that occupy a total of 37,500 square meters of office space in Bucharest, Iasi, Timisoara with over 2,700 employees.
The Cushman & Wakefield Echinox Asset Services team consists of 38 members with an average experience of over 10 years in the field.
Among the most representative clients of the Cushman & Wakefield Echinox Asset Services department are a number of the largest investors and developers in the local real estate market, such as Țiriac Imobiliare, Carrefour Romania, Colosseum Mall, Catinvest, Zeus Capital, Element Development, Resolution Property Investment, Rewe ProjektentWicklung Romania, Accent Development, Logicor, Scallier.
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 80 professionals and collaborators offering a full range of services to investors, developers, landlords and tenants. For more information, visit www.cwechinox.com
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