Colliers Romania, the local subsidiary of Colliers International and the local leader in real estate consulting services in terms of business turnover (21.2 million euros in 2007) has reported more than 10 million euros in H1 2008 turnover, up 20% from H1 2007.
The increase is said to have been the result of positive developments in the evaluation department of the company, which earnings surged 160% on services provided to large companies, including the Petrom oil corporation, Banca Romana pentru Dezvoltare (BRD), Banca Comerciala Romana (BCR) and Austrian Immoeast real estate investment. Colliers International has become the exclusive evaluator of property owned in Romania and ther Eastern European countries by Immoeast, the most important property asset purchaser in Romania.
Colliers’ late 2007 estimates read a 30% rise in the 2008 turnover, from 21.2 million euros.
Colliers has also increased its staff at its Bucharest office to 100 and is now aiming at doubling it to 200 by end-2009.
The Romanian market for real estate consulting services is currently controlled by foreign group of companies, as four out of the five largest are foreign companies – Colliers, CB Richard Elis, Eurisko, Cushman &Wakefield Activ Consulting and DTZ.
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