The valuation department of the Cushman & Wakefield Echinox real estate consultancy firm has evaluated in 2017 over 700 properties with a cumulative value of 3.1 billion euros, while estimating an increase of 33% of the valuation volume, to the level of 4 billion euros during this year.
Bogdan Sergentu, Head of Valuations & Consulting, Cushman & Wakefield Echinox: „The local real estate market is going through a positive period due to a growing demand on all segments, which is also reflected in the property values. After a year such as 2017, during which we had a consistent volume of activity, we consolidated our position on the market and integrated ourselves into the global Cushman & Wakefield network, we estimate an increase of the valuation volume of 33% for 2018. This result will be achieved by attracting new customers with vast, multisectoral portfolios, and expanding the team by recruiting both experienced and newly emerging valuers."
The Cushman & Wakefield Echinox valuation team currently consists of eight members with an average experience of over 14 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. In 2017, throught the national valuation network there have been evaluated 350 properties with a value of about 125 million euros for 7 banks.
Among the most representative clients of the Cushman & Wakefield Echinox's valuation department there are some of the largest investors and developers on the local real estate market, such as NEPI Rockcastle, Prime Kapital, P3, Portland Trust, Sonae Sierra, One United, or Mitiska.
Cushman & Wakefield Echinox is a top real estate consultancy firm on the Romanian market, active on all real estate segments. In 2017, the year that marked its affiliation to Cushman & Wakefield, the company recorded a turnover of 5.5 million euros, up to 80% compared to the previous year.
About Cushman & Wakefield Echinox
Cushman & Wakefield Echinox is the exclusive affiliate of Cushman & Wakefield in Romania, owned and operated independently. With a team of over 50 professionals and collaborators, offers a full range of services to investors, developers, owners and tenants across all segments of the real estate market, including the residential market. For more information, visit our website cwechinox.com
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. Find out more on www.cushmanwakefield.com