DTZ Echinox takes over the property management services for two new retail schemes: Severin Shopping Center and Botosani Shopping Center
DTZ ECHINOX - 13 December 2011
DTZ Echinox has been appointed by BelRom Real Estate to handle the property management of Severin Shopping Center and Botosani Shopping Center. With these two retail projects, DTZ enhances the size of their property management portfolio, adding to the existing major schemes: Shopping City Suceava and Shopping City Sibiu.
'Winning Severin and Botosani Shopping Center is a consequence of DTZ's extensive experience in managing complex retail projects, but it is also a result of the close and successful relation with the BelRom Group on the leasing segment. We strongly believe that the synergy between brokerage and management is the key to the long term success of any project.' says Yves d'Arfeuille (photo), Head of the Property Management Department, DTZ Echinox
With a total built area of 19,300 sq m, Severin Shopping Center is anchored by Carrefour hypermarket, Altex and the DIY operator Bricostore. The 7,100 sq m commercial gallery host over 17 shops, among which numerous local and international brands such as New Yorker, Deichmann, Leonardo, House of Art, Orsay, Mondex, Takko, Sensiblu Toyplex etc. The project was launched by Bel Rom Real Estate company in September 2010, being now the largest shopping center in the town of Turnu Severin.
Botosani Shopping Center is developed by BelRom Real Estate, one of the most active retail developers in Romania. The center has a total area of 22,031 sq m, out of which Carrefour hypermarket covers about 7,000 sq m. The project is scheduled to be delivered in two stages. The first part of the project has been launched on 15 November this year, including the hypermarket and a shopping gallery of the 5,600 sq m, 90% rented. The main anchors of the commercial center are Domo, New Yorker, Leonardo, Beauty Mania, Toyplex, Orsay. On the second phase, in 2012, commercial gallery will be extended by 4,000 sq m.
With the new winnings, the Property Management Department of DTZ Echinox now boosts a portfolio of 165,000 sq m under management, also featuring Shopping City Suceava and Shopping City Sibiu, in property of Argo Real Estate, and Baneasa Business Center, 10,379 sq m, part of the portfolio of Dinu Patriciu Global Properties.
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DTZ is now part of UGL Services, a division of UGL Limited (ASX: UGL). The combined business is the third largest property services company in the world, providing corporate/occupier clients with a global, integrated end-to-end service offering and best-in-class investor services capabilities in investment agency, leasing agency, property and facilities management, project and building consultancy, valuation, and investment and asset management. The organisation has 24,000 permanent employees and 40,000 personnel including contractors, operating across 240 offices in 45 countries.
In November 2002, after 9 years of successful operations on the Romanian real estate market, Echinox Consulting entered a partnership agreement with the multinational company DTZ, one of the leading global real estate services companies. Therefore Echinox Consulting became the local DTZ representative office, operating under the trade name of DTZ Echinox.
DTZ Echinox provides a full range of services to investors, occupiers and owners across all sectors of the real estate market.
Founded in 2004, Bel Rom Real Estate Company is one of the main investors on the Romanian retail market. Experienced and innovative, Bel Rom Real Estate delivers large scale commercial developments of the highest quality.
Bel Rom's developments are memorable, setting standards for efficiency and sustainability, earning the enthusiasm of international retailers such as: Auchan, Carrefour, Real, Bricostore, Baumax, New Yorker, Vodafone, Media Galaxy, Hervis and also that of the local communities.
Sustainability represents the key concept in designing the company strategy for identifying appropriate development projects and determining optimum solutions.
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