ROMANIA Cushman & Wakefield has signed an exclusive arrangement with DTZ Echinox for the latter to be 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 the country since 2002.
As of now, DTZ Echinox will be rebranded as Cushman & Wakefield Echinox. Mihnea Şerbănescu, the general manager of Cushman & Wakefield Echinox, has commented: “Cushman & Wakefield Echinox represents a new chapter in 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 continue to 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.” John Forrester, the EMEA chief executive of Cushman & Wakefield, added: “Our strong and long lasting relationships with affiliates across EMEA extends our delivery into markets where Cushman & Wakefield does not currently have a wholly-owned presence. This benefits both local and global clients who gain access to our global network and local knowledge respectively.”