CBRE ROMANIA WINS RETAIL, OFFICE AND INDUSTRIAL AGENCY OF THE YEAR AWARDS
CBRE Romania was recognised three times at the EuropaProperty SEE Real Estate Awards Gala on Thursday 23 April, winning the Retail, Offices and Industrial Agency of the Year Awards.
The EuropaProperty awards, judged by a panel of real estate experts across the South Eastern European region, were awarded to the most outstanding and accomplished projects, companies and individuals throughout the region in 2014.
According to the latest research from CBRE, 2014 was a phenomenal year for the Romanian real estate market, with over 1 million square meters of retail, office and industrial space transacted, of which CBRE was involved in over 15% of these transactions.
“Last year was one of the best for commercial real estate in Romania, on a par with the previous boom years from 2007 to 2009. Our Romanian business had an exceptional year, and these awards confirm the quality of our work and services in 2014,” commented Razvan Iorgu, Managing Director of CBRE Romania
Mr Iorgu continued: “There was no particular sector which stood out – all areas of commercial real estate saw remarkable growth and intense commercial activity. The office market saw more international companies move in to Romania, both via new entrants and the expansion of current global occupiers and investors. On the manufacturing side, many businesses looked to invest in new locations, due to the intense competition in certain geographical areas (specifically Western Romania). Within the retail sector we have seen significant interest in the quality of new developments, as well as for refurbishments, as developers look to create modern, efficient, state-of-the-art retail centres.”
This year CBRE has also been recognised at the Central & Eastern European Real Estate Quality Awards (CEEQA) as Office Agent, Investment Agent and Property Management Company of the Year. CBRE was also awarded “CEE Retail Agency of the Year” at the 7th EuropaProperty Central & Eastern Europe Retail Real Estate Awards Gala in February.