The valuation department of the real estate consulting company Cushman & Wakefield Echinox evaluated in 2020 over 350 properties with a total value of €4.2 billion, while the research department provided consultancy to developers for the start of new projects with a market value of over €250 million.
The valuation department continued to work for some of the largest owners of real estate assets in Romania, which have in their portfolio spaces with a total area of approximately 2 million sqm. The activity of the Research department focused primarily on best-use studies and concept optimization, a new niche of services being the by consultancy for the operation of flexible office spaces.
“Capitalization rates remained relatively stable and the properties values underwent moderate adjustments. One year after the outbreak of the pandemic, we find that the balanced and diversified business model, mainly aimed at large customers with recurring requests, has led to an increase in the department's activity even during this period”, says Bogdan Sergentu, Head of Valuation & Consulting, Cushman & Wakefield Echinox.
