The valuation department of Cushman & Wakefield Echinox has evaluated over 700 properties with a cumulative value of €4 billion in 2018, while estimating an increase of 25% of the valuation volume, potentially reaching the €5 billion threshold during the year.
Bogdan Sergentu, Head of Valuations & Consulting at Cushman & Wakefield Echinox said: „The local real estate market has continued its positive trend, with a solid demand on all segments, something which was reflected on the property values as well. In 2018, we had a consistent activity volume, as we extended our client portfolio, collaborating with most of the shopping centres, logistics and modern office buildings owners. For 2019, we aim to consolidate our market position and to continue the growth of the valuation volume2, towards €5 billion. Moreover, we will focus on developing our team and improving the quality of our activity.
The Cushman & Wakefield Echinox Valuations & Consulting team currently consists of eight members with an average experience of over 15 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.
Some of the major investors and developers on the local real estate market are among the most representative clients of the Cushman & Wakefield Echinox valuation department.
The portfolio of analysed properties consists of modern shopping centres with a total leasable area of over 1.5 million sqm, representing over 40 % of the national retail stock.