Colliers manages more than half a million square meters of office and industrial spaces
The Property Management Division of Colliers International manages a portfolio of over half a million square meters of office and industrial spaces in the Capital and in the country after 10 years since it was founded. During the same period, the team provided consulting services related to property management activities for another 700,000 square meters.
With a total portfolio of 530,000 square meters of offices and industrial spaces currently managed, in 26 projects owned by 14 landlords and hosting over 350 tenants, Colliers International is among the top real estate consulting companies offering such services in the local market.
Colliers’ Property Management Department consists of 23 specialists and has a multidisciplinary approach to each project, covering through its services a wide array of activities, from caring for technically and operationally managed buildings (Operational Management of the Building) or caring for the tenants’ needs and requests (Tenant Management) to financial services (billing, payments, income and costs, reconciliations) or reporting to the landlord, ensuring that all tenants comply with the contractual obligations they have assumed.
Also in the case of newly constructed buildings, the Property Management division of Colliers International takes over the building from the general contractor and prepares it for day-to-day operation once the construction is completed. Through these services, Colliers International provides annual management of Service Charge budgets of over 18 million euros and generates economies of scale for companies that have chosen to outsource property management.
“Contracting Property Management services emphasizes the professional approach that developers and owners of office and industrial space have in relation to their tenants. We started this business from scratch 10 years ago and although the services offered are largely the same, the way we operate for our customers is very different today, given the team’s know-how, the knowledge and experiences gained in these 10 years, the procedures developed, the implementation of best practices, both locally and regionally, and our IT systems. We have invested a lot of time and resources in the professional and personal development of the team, as well as in our software programs”, explains Stefania Baldovinescu, Senior Partner and Head of Real Estate Management Services & Land Agency at Colliers International.