Cushman & Wakefield Echinox closed 2023 with a revenue of EUR 12 million, marking a 15% increase compared with the previous year. This impressive growth propelled the company to the second place among real estate consultants in Romania, in a year marked by a stagnation of this particular business segment.
108 REAL ESTATE, a real estate consultancy celebrating its 15th anniversary of successful operations on the market, is marking another milestone with its expansion into Romania. Following its presence in Slovakia, Hungary, and India, 108 REAL ESTATE's expansion into Romania is a strategic move driven by the company's focus on the movement of developers, investors, and tenants in the industrial real estate sector, encompassing both manufacturing and logistics.
Cushman & Wakefield Echinox expands and consolidates its Land & Industrial team coordinated by Andrei Brânzea by recruiting Marius Frunzuc and Ștefan Oprea, two specialists with a combined experience of 33 years in the real estate market.
CBRE makes a strategic move by appointing Victor Rachita to lead the Industrial & Logistics department in Romania, pursuing its consistent efforts to strengthen the industrial & logistics team and extend the local market share.
CBRE consistently strengthens its industrial and logistics team. After launching omnichannel services in Romania, the time has come to support the company's operations throughout the CEE region and work with international tenants and manufacturing companies interested in growing in our region. To this end, Joanna Sinkiewicz joins CBRE, assuming the position of Head of Industrial & Logistics CEE.
JLL Romania consolidates its industrial team by recruiting Ciprian Sîrbu in order to provide Supply Chain services on the local market. The move comes in the context in which, at the beginning of this year, the real estate consulting company JLL concluded, worldwide, an alliance with Mibach Consulting for the provision of strategic consulting services in the industrial segment.
The third quarter brought an increased activity on the industrial spaces sector, where retail and related services companies, respectively courier and logistics, rented over 300,000 sqm, having a share of 50% of total transactions, double compared to 2015, the report CBRE Market Snapshot Q3 shows.
CBRE launches in Romania a range of omnichannel services for retailers who want a rapid adaptation to the new market context by expanding industrial spaces. Omichannel services have been present for three years in the global CBRE network, most often in the United States and the United Kingdom, and the Covid-19 pandemic has accelerated the synergy between retail and industrial worldwide.
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