ARTICLES LABELLED WITH TAG property management

JLL has completed the first phase of the modernisation of the Liberty Center shopping centre in Bucharest, owned by three banks (Alpha Bank, Bank of Cyprus and Eurobank) following the insolvency of developer Mivan Kier. Occupancy rate at Liberty Center has reached 91%, following a €400,000 investment.

CBRE has been mandated by CA Immo to provide property management services for the Campus 6.1 office building, located in the central-western area of Bucharest, being the first time when CA Immo outsources property management services for a project in its portfolio.

JLL has been selected by White Stone Group as property manager for the Celebro office building in Warsaw. The building has already been commissioned for use and its first tenants will relocate to the project in September 2019.

Colliers International Romania has been assigned to provide property management services for the office complex The Office in Cluj-Napoca, owned by Dedeman, the DIY store chain who marked their entrance on the real estate market in 2018 by acquiring The Bridge offices in Bucharest. Thus, the total portfolio managed by Colliers reaches almost 500,000 sqm: 210,000 sqm are located outside Bucharest, out of which over 100,000 sqm represent offices only.

Colliers International Romania has been assigned to provide property management services for Business Garden Bucharest, the newest office complex developed by Vastint Romania, in the Orhideea area in Bucharest. As a result, Colliers reaches a managed portfolio of over 400,000 sqm and strengthens its property management activity for offices in the Capital’s Center-West area.

Colliers International is to manage the Graffit office building, located in the Warsaw’s Mokotów district. Zeus Capital Management acquired the property in January 2019 and is managing it on behalf of a selected group of investors.  

Cushman & Wakefield was appointed property manager of Horizon Plaza in Warsaw. In addition, Cushman & Wakefield delivers project commercialization services for the owner of the building. The owner of Horizon Plaza is a real estate fund managed by Union Investment.

M7 Real Estate has appointed Savills as the property manager for its recent office acquisitions, Green Park, Mazovia Plaza and Delta 44, thereby extending its cooperation with the advisor.

Cushman & Wakefield Echinox was commissioned to manage the Eminescu Office building, which has recently been delivered in Bucharest, near Piaţa Romană. This is the third office building that has been taken over for management purposes by Cushman & Wakefield Echinox since the beginning of the year, with the Asset Services department being responsible for the day-to-day management of the building, tenant relationship management, operational supervision, financial services and ownership reporting, through on-site specialists and also from the company’s headquarters, coordinated by Mihaela Petruescu, Head of Asset Services.

Wing has become the full owner of property management company Strabag Property and Facility Services Zrt. by indirectly acquiring an additional 51% share in the company. Following the change, the company will continue to operate under the name NEO Property Services Zrt. as of 29 April 2019. The acquisition was approved by the National Competition Authority. Wing is committed to further strengthening NEO Property Services Zrt. as a leader in property-related services segment.