CB Richard Ellis Romania sees business grow in T1, 2011

The local office of real estate consultancy company CB Richard Ellis managed office transactions worth 8.77 million Euro in the first three months of 2011, the firm has announced. This accounted for over 22,000 sqm of office space and a market share exceeding 30 percent, representing both tenants and properties

June 2011 - From the Print Edition

The company completed retail transactions worth 12.3 million Euro in T1 of 2011, and signed evaluation contracts for 600,000 sqm of real estate space. Among the most important transactions for the company’s industrial department were the sale of 31 hectares land by the A1 highway, the re-negotiation of a rental contract for 3,600 sqm in Timisoara and the sale of a 4,000 sqm industrial space in Brasov. In northern Bucharest, the company managed the rental of 6,000 sqm for the expansion of logistics centre Miniprix.
The firm saw two major management changes this year, after Radu Lucianu, the managing director, and Ionut Bordei, the head of the land department and residential development at CBRE, left the company, following the termination of their contracts. The management is currently made up of Razvan Iorgu, as managing director; Catalina Jigman, head of the office agency and GCS; Luiza Moraru, head of the retail department; Marian Orzu, manager of the industrial department; Laura Bencze, research manager; Adrian Nicolescu, manager of the valuation and advisory department; and Mircea Draghici, project manager for hotels. The new land department is led by Ovidiu Ion, who previously headed up the company’s appraiser valuation department.