Gabriel Balaban, CBRE: “The projects we currently manage continue according to the schedule, there are no slowdowns or cancellations”

While the current situation imposed by the COVID-19 pandemic has delayed various investments, CBRE’s team continues to manage ongoing projects of over 80 million euro invested in the medical, production and IT&C fields in different areas of Romania.

“The projects we currently manage through the Project and Cost Management services continue according to the schedule, there are no slowdowns or cancellations,” said Gabriel Balaban, Head of Building Consultancy, CBRE Romania. “These are investments with a cumulative value of over 80 million euros and almost 800,000 sqm in various sectors, from office space fit-outs to the construction of automotive components factories or healthcare centres, such as Enayati Medical City, the largest medical investment in Romania for the last 30 years.”

Among the projects currently being managed by the CBRE team are office space fit-outs for companies in the healthcare and IT&C fields, which are in the process of being expanded or relocated. Another sector where investments go even further during the pandemic is that of production, CBRE being involved in the management of construction projects for a car component factory, a lighting system manufacturer and multiple warehouses. The above-mentioned investments are developed in Bucharest and in the regional cities, such as Timișoara, Sibiu, Cluj-Napoca, Baia Mare and Iași.

“In addition to the ongoing investments to which we already deliver services, in the last month we have received requests for project management services for new office fit-out projects and technical due diligence for various properties. We still expect quite intense activity both in the office space sector, where there are companies whose objectives are moving or expanding, and in the industrial sector, where investments in special projects are planned, such as automated warehouses”, concluded Gabriel Balaban.