ARTICLES LABELLED WITH TAG property management

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.

CBRE has taken over the management of the NEPI Rockcastle office portfolio in Bucharest, totalling 70,580 square meters. This is the first time when NEPI Rockcastle outsources the management of the properties. CBRE Romania now manages 770,000 sqm of offices and retail assets.

JLL has been chosen by the White Stone group to manage two office buildings on Cybernetyki St. in Warsaw. Since taking over the management of Cybernetyki 7 and 7a St., JLL is now responsible for a wide range of services in the management of the properties, which includes maintaining relationships with tenants as well as supervising technical, operational and administrative issues. The company began managing the two office buildings shortly after they were bought by the White Stone group.

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.

BNP Paribas Real Estate Romania has signed Property Management and Exclusive Leasing mandates for Hexagon Offices, a Class A office building located in one of the emerging office locations in the city of Cluj Napoca, owned by KÉSZ International Romania. The office building is expected to be completed in June 2019.

Cushman & Wakefield Echinox was appointed to manage One Victoriei Center office building in Bucharest (former Bucharest Corporate Center), a representative business centre located in the business centre area of the Capital (CBD).

BNP Paribas Real Estate has been mandated by Immofinanz to provide property management services as of January 2019 in respect of approximately 160 000 sqm of the Hungarian office portfolio owned by Immofinanz.

Cushman & Wakefield has become the new property manager for Myslbek, the iconic multi-purpose building owned by AEW. As part of Cushman & Wakefield’s international collaboration, its Polish office has become the manager of two major shopping and office centres in Poland, Klif in Gdynia, Klif House of Fashion and Klif Tower in Warsaw from the same owners. Both offices assume their property management duties in February 2019.

Globalworth Poland has taken further steps to manage its Polish real estate portfolio in-house. Between December and January, the company took on the property management of Lumen and Skylight in Warsaw, West Gate in Wrocław, the A4 Business Park in Katowice and Tryton Business House in Gdańsk. Since the company entered the market, Globalworth has gradually internalized the property management of a series of buildings and now handles directly 250,000 sqm in only about one year, which constitutes almost 60% of its portfolio in Poland.