Knight Frank has expanded its European network into Romania and formed an association with Bucharest-based commercial property agency Prime Property Advisers.
Prime Property Advisers has been established by the former Vice President of Colliers International Romania, Horatiu Florescu, and Monica Barbu, former Director of Retail in Colliers International Romania. They each have more than 10 years' experience in the Romanian market.
The business totals 20 staff and is located at Calea Floreasca 169 A, B2 Building, 4th floor, one of the prime office buildings in Romania, developed by Portland Trust. Its clients include: AIG Lincoln, Oracle, IBM, Kraft Romania, PricewaterhouseCoopers and Deloitte.
Horatiu Florescu, President and Ceo, Prime Property Advisers said, "After more than a decade working in the real estate industry in Romania, and having both achieved the leading positions in the office and retail divisions, Monica Barbu and I thought of creating a company with the best and most experienced real estate consultants in the Romanian market. Our consultants all possess and offer the same level of knowledge, services, and values, thus ensuring that our clients receive the highest services in the market."
Chris Bell, Managing Director Europe, Knight Frank said, "This is a fantastic opportunity for us to associate with an exciting and vibrant new business, spearheaded by the acknowledged market leaders in their respective sectors in the Bucharest market. Not only is the quality of the team second to none, representation in Bucharest further strengthens the exceptional Central European advice we provide our clients across our eight offices through Poland, Czech Republic and Hungary."
The business will trade as Prime Property Advisers in association with Knight Frank. The new association brings Knight Frank's continental European commercial office network to 17 offices and five associate offices.
Source: Knight Frank