EMEA Office Fit Out Cost Guide 2024
Bucharest, February 2020: The valuation department of Cushman & Wakefield Echinox real estate consultancy company has evaluated in 2019 properties with a cumulative value of 4.2 billion euros, while estimating an increase of 15% of the valuation volume for the upcoming year.
Bogdan Sergentu, Head of Valuation & Consulting, Cushman & Wakefield Echinox: „2019 was another year with significant increases in the real estate market, from the valuation point of view. We noticed an increase especially in the logistics and industrial areas, where the most important compression of yields was recorded. The retail market continued to benefit from an increased purchasing power, thus maintaining lower capitalization rates compared to office buildings and retaining the rent growth potential.”
Cushman & Wakefield Echinox Valuation & Consulting team consists of eight members with an average experience of over 16 years in the field. At the same time, the company covers the national valuation sector through a local network of 20 specialized collaborators, experts in reports aimed to guarantee loans to individuals or SMEs.
Among the most representative clients of Cushman & Wakefield Echinox valuation department there are some of the major investors and developers on the local real estate market, such as: Globalworth, Iulius Group, Lion’s Head Investments, NEPI Rockcastle, P3, Portland Trust, PPF Real Estate, Prime Kapital or Sonae Sierra.
Cushman & Wakefield Echinox, the exclusive affiliate of Cushman & Wakefield in Romania, owned and operated independently, has a team of over 60 professionals and collaborators that offer a full range of services to investors, developers, owners and tenants. Cushman & Wakefield, one of the global leaders in commercial real estate services, with 51,000 employees in over 70 countries and $ 8.2 billion in revenue, provides asset and investment management consulting services, capital markets, leasing, administration properties, tenant representation, design and evaluation services. For more information, visit www.cwechinox.com
