BNP Paribas Real Estate Romania has launched its property management services locally. This adds to the transaction, consulting and valuation services the firm already offers in Romania.
The move comes after the 2010 acquisition by the firm’s international property management business of the property management subsidiaries of AEW Europe (PBW Polska, PBW Hungary and PBW Czech Republic).
“The difficulties of the Romanian real estate market encountered in the last two years have accelerated the steps towards a more mature market. Experienced professionals are able to assist the landlords in managing their properties and providing increased added value to the tenants, a process that has become more and more complex under the current circumstances,” explains Philippe Mer, chairman of the board of directors – BNP Paribas Real Estate Romania.
The firm has two buildings in portfolio, America House (pictured) in Bucharest and Promenada Mall in Targu Mures, managing a total of 78.000 sqm.