Ongoing investments: CBRE manages construction and fit-out projects of over 80 million euros

While the current situation imposed by the COVID-19 pandemic has delayed various investments, CBRE’s Building Consultancy team, leader in the real estate consultancy market, continues to manage ongoing projects of over 80 million euro invested in the medical, production and IT&C fields in different areas of Romania.

The Building Consultancy department was established in 2012 by co-opting Gabriel Balaban, considered one of the most experienced technical consultants in construction. In the eight following years, Gabriel Balaban and his team have provided project and cost management services for investments of approximately 800 million euros, with a total area of over 1.1 million sqm.

“The projects we currently manage through the Project and Cost Management services continue according to the schedule, there are no slowdowns or cancellations. These are investments with a cumulative value of over 80 million euros and almost 800,000 sqm in various sectors, from office space fit-outs to the construction of automotive components factories or healthcare centres, such as Enayati Medical City, the largest medical investment in Romania for the last 30 years”, stated Gabriel Balaban, Head of Building Consultancy, CBRE Romania.

Among the projects currently being managed by the CBRE team are office space fit-outs for companies in the healthcare and IT&C fields, which are in the process of being expanded or relocated. Another sector where investments go even further during the pandemic is that of production, CBRE being involved in the management of construction projects for a car component factory, a lighting system manufacturer and multiple warehouses. The above-mentioned investments are developed in Bucharest and in the regional cities, such as Timișoara, Sibiu, Cluj-Napoca, Baia Mare and Iași.

“In addition to the ongoing investments to which we already deliver services, in the last month we have received requests for project management services for new office fit-out projects and technical due diligence for various properties. We still expect quite intense activity both in the office space sector, where there are companies whose objectives are moving or expanding, and in the industrial sector, where investments in special projects are planned, such as automated warehouses”, concluded Gabriel Balaban.

CBRE’s Building Consultancy department, through its team of engineers and architects, with both local and international expertise, provides project management and cost control services for office, retail, hotel, industrial, residential, healthcare, and technical due diligence services, project monitoring, workplace consultancy, change management and other technical real estate consultancy services.