DTZ Echinox rebrands as Cushman & Wakefield Echinox
Cushman & Wakefield, a leading global real estate services firm, has signed an exclusive arrangement with DTZ Echinox as its affiliate in Romania. The formal affiliate appointment follows the 2015 global merger of Cushman & Wakefield and DTZ. DTZ Echinox had been DTZ's partner in Romania since 2002. From today, DTZ Echinox will rebrand as Cushman & Wakefield Echinox.
Cushman & Wakefield Echinox provides a full range of services to investors, occupiers and owners across all sectors of the real estate market. Core capabilities include leasing and brokerage, property and facility management, capital markets, investment and asset management, valuation, research and project management.
Mihnea Serbanescu, general manager at Cushman & Wakefield Echinox, said: "Cushman & Wakefield Echinox represents a new chapter of the success story of the company I founded over 23 years ago. With this new brand, which integrates the history, the teams and the know-how of two market leaders, I'm confident that we'll manage to further deliver real estate consultancy and brokerage services at the highest level and we will expand our capabilities to consolidate our position in the local real estate market."
Cushman & Wakefield is a top three global real estate services firm, with some 43,000 employees in more than 60 countries, recorded revenue of over five billion US dollars and 191 billion US dollars in global transactions.
In November 2002, after nine years of operations in the Romanian real estate market, Echinox entered a partnership agreement with the multinational company DTZ. Therefore, Echinox became the local DTZ representative office, operating under the trade name of DTZ Echinox. In 2017, DTZ Echinox becomes Cushman & Wakefield Echinox, due to the global merger of DTZ and Cushman & Wakefield in 2015 under the trade name of Cushman & Wakefield.