Cristian Ustinescu, former investment director for real estate consultancy group DTZ Echinox, have left for a new position at Immofinanz, one of the biggest European developers in the field. Ustinescu will be in charge of the Austrian group’s transactions in Eastern and Central Europe.
“Cristian Ustinescu started working as a senior transaction manager for Immofinanz Group on May 1. His responsibilities in Vienna will cover company transaction in CEE”, according to Bettina Schragl, Immofinanz Group spokesperson.
From his position as investment director for DTZ Echinox, Cristian Ustinescu handled the deal where South-African fund NEPI took over one of the logistical parks developed by Belgian group BelRom.
Immofinanz Group is one of the most important real estate developers in Europe where it owns over 1,600 properties worth EUR 10.2 billion.