Bucharest, March 19th, 2013 – The Real Estate Management Services  division of Colliers International Romania started 2013 with active mandates on 13 projects, both in Bucharest and the countryside, for which it offers property management or green certification advisory services.

Launched at the begining of 2011, the business unit currently ensures the property management services for 5 projects, total size of 65,000 sqm, and continues its focus on extending its portfolio as well as services provided.

In terms of green certification advisory services, the team started 2013 with 8 projects under certification -  office and retail, as a result of the increasing need of property owners to lower operational costs and increase the business potential of their premises. In this role, Colliers offers consultancy for LEED and BREEAM certifications for existing buildings, as well as for new developments.

„The critical question for building owners today is how can they increase the outcome of their investments, given the difficult market context, and how to make their property more valuable tomorrow than today. It is our role, as real estate managers, to provide these answers, build strategies and lead each project to optimum functionality and minimum costs, while helping tenants perform and enjoy their everyday activities at the property”, explains Ştefania Baldovinescu, Director in Real Estate Management Services team of Colliers International in Romania.

On a regional scale, the Real Estate Management Services team of Colliers International in Eastern Europe ended 2012 with an a 40% increase of its revenues, in what remained an economically challenging environment in most of the countries. 

In terms of numbers of properties and the amount of square meters under management, 2012 proved to be a fantastic year for Colliers’ regional property management team. 500.000 m2 of new projects were added to the company’s portfolio: The year commenced with the management on 15 new buildings, with a total GLA of cca 310,000 m2, and continued with new instructions for the management of a further 10 buildings with a comprised area of over 190,000 m2. Therefore, Colliers is currently managing a portfolio of close to 1.1 million m2, with an estimated capital value of around $3.3bn (€2.5bn) across Eastern Europe. In 2013, new business lines are to be launched in Czech Republic, Hungary and Slovakia.

 With the substantial progress made in 2012, including winning the CEEQA award, we are ideally placed to continue increasing market share and make further significant steps toward the goal of being the number one manager in Eastern Europe”, states Sean Dowsey, Managing Director of Colliers’ Real Estate Management Services in Eastern Europe.