Coldwell Banker reports 3.5 mln euros business in 2008, expects 4 mln euros in 2009

Real estate advisor Coldwell Banker Affiliates of Romania, active in Romania for three years, reported a 3.5 mln euros turnover for 2008, expecting a growth up to 4mln euros and expansion of franchise for 2009, said Valentin Ilie, CEO of Coldwell Banker.

The national network of Coldwell Banker Affiliates of Romania comprises nine agencies, five of which are located in Bucharest, and the remaining in Ploiesti, Brasov, Campulung, and Piatra Neamt. The company had announced a month ago it planned to extend franchise by at least ten local partners by yearend.

“2009 will surely be a difficult year, and in this challenging climate, the franchise expansion is one more opportunity. Furthermore, we will broaden our service pool, in property management, economic optimization advisory, and techniques for business distress”, said Valentin Ilie (photo).

Coldwell Banker provides a variety of advisory and brokerage service lines (residential , office, industrial, retail, land and investments), adjacent services – loan brokerage, evaluation services, market research and analyses as well as property and facility management.

“The most active departments in 2008 were the residential, until Q3 and commercial and property management department”, CEO of Coldwell Banker added.

As for the franchise expansion heralded in early 2009, Valentin Ilie says the company targets an increase in offer to potential clients, exposure, and trading opportunity implicitly.

Mid last year, the company launched an advisory service line free of charge – Coldwell Banker Mortgage – Credit Broker that acts as a loan broker, offering to clients the possibility of financing their real estate acquisitions.

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