Latest News  

CBRE: Building owners choose to outsource their property management

According to the latest findings of real estate consultant CBRE, the percentage of outsourcing of property management services has increased over the last few years in retail and office segments; In 2017, 79 per cent of new projects turned to outsourced services for real estate management activities, compared with only 24 per cent in 2015.

2018-07-10 09:40:57

CBRE expects 2018 to be the year for the industrial sector, in terms of outsourcing asset management. Bucharest, 09.07.2018. CBRE, the global and national leader in real estate consultancy, has analyzed the evolution of the property management services segment in recent years in Romania.

According to CBRE representatives, the trend is to significantly increase the percentage of outsourcing in this segment.

"Initially, the local property market was managed exclusively by internal resources. For CBRE, the first segment that broke the ice in Romania in 2013 was retail through Sun Plaza, which turned to us for rental, financial, marketing, and technical services for the general management of the project, including execution, modifying and monitoring contracts. Among the great owners of shopping centers who have decided to teach large areas in the management of specialized consultant departments, I would like to mention, besides S Immo with Sun Plaza, our VIVO! Customers at national level or the Felicia Shopping Center in Iasi. The main reason that favored this phenomenon is the need for cost efficiency by using experienced multidisciplinary teams and competitive suppliers. For a developer, it is more complicated to build interdisciplinary teams that enjoy the know-how, experience, training and resources provided by the CBRE network, capable of managing a complex process such as managing a shopping center or office building, "explains Luiza Moraru, Coordinator of the CBRE Property Management Division, for the Central and Eastern Europe region.

Outsourcing is also felt in the office building market, where a spectacular evolution has been noted over the past three years. While 24 per cent of the office building projects delivered in 2015 used the outsourcing of property management services, 57 per cent adopted this mode of work in 2016. The year 2017 marked a new leap: nearly 80 per cent of the office space benefited by the services of companies specialized in the field. The development of the property management market by specialized consultants in the office buildings segment is steadily increasing.

In 2015, the office space stock was 73,000 sqm, of which 17,700 sqm representing 24 per cent, turned to outsourcing property management services; In 2916, 294,000 sqm of office space were delivered, of which 167,300 sqm (57 per cent of the total area) were administered by external teams; Year 2017 marked the maturity approach of this segment: out of a total of 123,000 sqm of finished office space, 79 per cent of which was 97,300 sqm, were outsourced. "Increasing demand for external property management is a welcome phenomenon and a sign of maturing the local real estate market. The use of professional services increases the quality of work and reduces costs, generating significant savings for the owner and an improved experience for tenants and beneficiaries. The efficiency and transparency of day-to-day processes is a direct consequence of outsourcing management services. CBRE has a property management department since 2013 and I think one of our great strengths is the huge network experience we are benefiting from. We have thousands of colleagues around the world, whose know-how we know how to capitalize on it and adapt it to the local market.

In addition, CBRE invests heavily in technology dedicated to building management processes. We have acquired and developed software applications and solutions to provide our customers with the best services available on the market today, "added Valeriu Toma, CBRE Romania's Deputy Head of Asset Services. According to CBRE representatives, by retail and office space, 2018 will be the year of the industrial sector in terms of increasing the number of externally managed projects.

CBRE's client property portfolio includes, in addition to shopping centers, several office buildings, including Times Square, Vastint, or Green Gate in Bucharest. At present, CBRE manages 300 properties in Central and Eastern Europe, that is, an area of 3,950,000 square meters, of which 1,800,000 square meters of shopping centers and 1,000,000 square meters of office space, with the rest of the area being industrial and logistics areas. In Romania, CBRE's dedicated department, set up at the end of 2013 under the management of Luiza Moraru, currently has 11 properties, with a total area of 400,000 sqm.


0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
SAP becomes first European tech company to create ethics Advisory Panel for Artificial Intelligence

SAP announced its guiding principles for artificial intelligence (AI) and its creation of an external AI ethics advisory panel – the first European technology company to do so. The panel, comprised of experts

 Read Full article »
DB Global Technology marks five years of activity in Romania

DB Global Technology, Deutsche Bank's technology center in Bucharest, celebrates five years of activity in Romania, the company announced.

 Read Full article »
US giant Apple officially registers company in Romania

American technology producer Apple officially registered a company in Romania, Apple Sales Romania SRL, controlled by Apple Distribution International and Apple Sales, both companies being registered in Ireland

 Read Full article »
Oracle Corporation registers 9.2 billion USD in revenues for 2019's first quarter

Oracle Corporation announced fiscal 2019 Q1 results, with total revenues of 9.2 billion USD, up 1 per cent in U.S. dollars and up 2 per cent in constant currency, compared to Q1 last year.

 Read Full article »
UiPath raises 225 million USD Series C Led by CapitalG and Sequoia

UiPath, the leading Enterprise Robotic Process Automation (RPA) software company, has closed its series C funding raising 225 million USD at a valuation of 3 billion USD. The round was co-led by existing inves

 Read Full article »
Xerox launched sales and marketing program for its partners

Xerox has launched in Romania the Xerox Global Partner Program to help its partners diversify their sources of profit and strengthen their customer relationships in the context of the growth of small and medium

 Read Full article »
Local IT services and software market marks under expectations growth in 2017, ANIS says

Domestic software and IT services market in 2017 rose only 2.1 per cent over the previous year to reach 975 million Euro, a growth rate under expectations, according to the most recent study conducted by ANIS s

 Read Full article »
Bitdefender secured direct presence in Australia by taking over local peer SMS eTech

Romanian security technology company Bitdefender said on September 11 it has acquired Australian peer SMS eTech, as part of its strategy of globally expanding in the consumer and enterprise segments.

 Read Full article »
Romanian employers forecast the strongest hiring pace in more than ten years

Fourth-quarter hiring plans are the most optimistic in Europe, on a par with Slovenia, and among the top 5 most optimistic globally, according to ManpowerGroup Employment Outlook Survey for the October – Dece

 Read Full article »
Oracle Academy expands offering with personalized learning resources and AI curriculum

Oracle Academy announced new curriculum offerings and learning modules to advance computing education globally.

 Read Full article »
 
 
MOST READ ARTICLES
» ROMANIAN OUTSOURCING AWARDS FOR EXCELL...
» Molson Coors started to grow its busin...
» French energy operator Total opened su...
» Capgemini to open new office at Suceav...
» Leoni to open new SSC in Cluj, cut job...
» The Outsourcing industry announces its...
» Luxoft expands Asia Pacific presence w...
» Genpact's COO: Staying ahead of the cu...
» Olga Botusan, Stefanini: There is a hu...
» LeasePlan to open service center in Bu...
 
EDITOR CHOICE
Vivek Bakshi, keynote speaker at People in Shared Services & Outsourcing Forum on October 18, at Bucharest

As a GM for the European Delivery Centers (Romania and Poland international locations) tasked with leading the growth and profitability of one of the most dynamic industries with a focus on customer service is

 Read Full article »
Tom Hobson, at People in Shared Services & Outsourcing Forum on October 18, at Bucharest

People in Shared Services & Outsourcing Forum brings in new top speakers starting with the Global Operations & Business Transformation Executive Tom Hobson, GM of ADP Romania.

 Read Full article »
People in Shared Services and Outsourcing Forum takes place on October 18th in Bucharest

Outsourcing Today, the integrated communication platform of for the business services sector, together with The Diplomat-Bucharest, kick off the autumn series of events on October 18, at Caro Hotel Bucharest, w

 Read Full article »
The outsourcing industry needs early and better educated graduates

In terms of development of business shared industry in Romania, the industry might face a need of doubling the current pool of employees, estimated now at roughly over 120.000 people, according to number estima

 Read Full article »
Francesca Postolache, PwC: In the digitally transformed work and living environment, it is essential to keep up with the present and future

It is important to educate and develop ourselves, in the digitally transformed work and living environment and to keep up with the present and future. We need to develop the ability to adapt for the future, say

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area | GDPR policy
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events