7th of January, 2019- International real estate advisor Savills has named commercial advisory firm Crosspoint Real Estate its associate in Romania as part of its continued expansion across Central and Eastern Europe (CEE). Savills and Crosspoint signed a partnership agreement in Summer 2017 with the association status taking the successful relationship to the next level. Recent instructions include advising on the sale of the Bank of Cyprus building from SIF Banat Crişana to a firm belonging to a Romanian businessman in November and securing transactions with land plots with a total value of over 60 million Euros in 2018.
Founded in 2005 and based in Bucharest, Crosspoint Real Estate employs 23 commercial real estate professionals and advises clients across sectors including: capital markets, office, industrial and logistics leasing, tenant representation, land, residential sales, research, valuation and consultancy.
James Sparrow, CEO of Savills UK & EMEA, comments: “In line with increasing investor demand across the CEE markets, we have been expanding our teams and areas of expertise in order to offer the very best service for our global client base. Crosspoint has an excellent reputation in Romania and by making them a full Savills associate we look forward to helping local and global clients benefiting from their market knowledge.”
Codrin Matei, Managing Partner, Crosspoint Real Estate, adds: “Following our successful partnership these last 18 months, we are delighted to join the international network of Savills associates and look forward to working even closer together to secure business opportunities within the rapidly developing Romanian property market and in the wider Central and Southeast European region.”