The valuation department of the Cushman & Wakefield Echinox has evaluated over 700 properties in 2017 with a cumulative value of €3.1 billion, while estimating an increase of 33% of the valuation volume, to the level of €4 billion 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, through the national valuation network, there have been evaluated 350 properties with a value of about €125 million 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.