In 2019, the valuation department of Cushman & Wakefield Echinox evaluated properties with a cumulative value of €4.2 billion, while estimating an increase of 15% of the valuation volume for the upcoming year.
Bogdan Sergentu, Head of Valuations & Consulting, Cushman & Wakefield Echinox: „2019 was another year with significant increases in the real estate market, from the valuation point of view. We noticed an increase especially in the logistics and industrial areas, where the most important compression of yields was recorded. The retail market continued to benefit from an increased purchasing power, thus maintaining lower capitalization rates compared to office buildings and retaining the rent growth potential.”
Cushman & Wakefield Echinox’s Valuation & Consulting team consists of eight members with an average experience of over 16 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.
Among the most representative clients of Cushman & Wakefield Echinox valuation department there are some of the major investors and developers on the local real estate market, such as: Globalworth, Iulius Group, Lion’s Head Investments, NEPI Rockcastle, P3, Portland Trust, PPF Real Estate, Prime Kapital or Sonae Sierra.
