Colliers 100% increase of the property management portfolio in H1 2012

The Property Management Services team of Colliers International Romania ended the first half of 2012 with a 100% increase of its portfolio, reflected in a double number of projects compared to the end of 2011.

Launched at the begining of 2011, the Property Management division of Colliers in Romania is currently working on 11 projects, both in Bucharest and the countryside, for which it offers consulting services, property management services or green certification advisory services. Six of these projects were included in Colliers’ portfolio during April – June 2012.

„The major problem which developers have to face in Romania is represented by tenants relocating from their buildings, a trend that promises to sharpen in the current economic climate. In order to be successful in today’s competitive market, any project requires a good property manager, one that is able to provide neutrality in the relationship with the tenants, that has solid market knowledge and owns excellent negotiation and communication skills. The Property Management division was created in response to this critical need, especially since the feed-back we received from the developers showed that internal management teams and facility management companies do not manage to cover all these requirements”, stated Ilinca Păun, Managing Director of Colliers International România.

After launching the Property Management division in January 2011, Colliers has succeeded in winning the property management mandates for five major projects: a medium sized office building developed by Allianz-Tiriac in Brasov, the two Olympian industrial and logistic parks owned by GE Capital Real Estate in partnership with Helios Phoenix in Timisoara and Brasov, as well as – starting with 2012 – the two projects Mega Distribution Park and Key Logistic Center located in Chiajna, Ilfov county. In this role, Colliers is responsible for tenant management, sourcing, controlling the operational budget, maintaining and improving the overall performance of the assets, as well as financial services and reporting to the landlord.