C&W Echinox to manage Bucharest office building

04
Apr
2019
News - C&W Echinox to manage Bucharest office building #Bucharest #Cushman&Wakefield #Echinox #office #property management #Romania

by Property Forum | Office

Cushman & Wakefield Echinox has been appointed to manage the Ethos office building, situated in the Floreasca area of Bucharest. This is the second mandate for the management of an office building by C&W Echinox in 2019.


The Asset Services department is responsible for managing the day-to-day operations of the building and the relation with the tenants, the operational supervision, and also financial and reporting services directly to the owner, through a team of specialists both on-site and at the company’s headquarters, coordinated by Mihaela Petruescu, Head of Asset Services.
 
Ethos House has a leasable area of around 8,000 square meters, distributed on the ground floor and seven floors above ground. The there building also provides 100 parking spaces located on two underground floors.
 
For Cushman & Wakefield Echinox, the two new mandates coincide with the expansion of the services offered through the property management department, which changed its name from Property Management to Asset Services.
 
Mihaela Petruescu, Head of Asset Services at Cushman & Wakefield Echinox said: "We are proud to expand the portfolio of properties that we manage with a new office building, Ethos House respectively, a building with a unique personality on Bucharest real estate market. We are a team who cares for people, buildings and every business, and this principle guides us on a daily basis. We are honoured by the fact that Mr Anastasios Gotsis trusted us and we are motivated to contribute for the long-term success of Ethos House."



New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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