CBRE recruits Mihai Patrulescu to lead the Investment Properties department

CBRE strengthens its Romanian management team with the recruitment of Mihai Patrulescu as head of the Investment Properties department.

“Real estate market is witnessing an unprecedented transformation and the teams we build now will make the difference tomorrow. Mihai is a highly appreciated new talent and I personally value his drive. In my 20 years of real estate experience, good energy has always proved to be a key element for performant teams, and I am confident that Mihai will be an important asset for CBRE”, affirmed Razvan Iorgu, Managing Director, CBRE Romania.

Before joining CBRE Romania, Mihai Patrulescu held key positions as Senior Investment Associate and Head of Strategic Analysis in another real estate company, being involved in complex portfolio deals.

“In the last three years, Romania attracted less than 5% of the total CEE investment volumes, similar to Slovakia, while markets such as Hungary and Poland generated between 20 and 40% of the total volume. I strongly believe this indicates a mis-pricing of risk. With a new approach, using knowhow from finance and economics, combined with CBRE’s deep understanding of the real estate market across all sectors, I am confident that we will soon attract new demand from major investors”, said Mihai Patrulescu, Head of Investment Properties, CBRE Romania.

Mihai Patrulescu is replacing Gijs Klomp, who has occupied the role of Head of Investment Properties in the past two years. Recently, Gijs chosen to take the opportunity offered by CTP, top 5 European industrial property developer, where he will act as Head of Business Development.