Real estate consultancy Cushman & Wakefield, one of thebiggest players on the market, with 3.6 million euros in turnoverin 2009, targets breakeven, after revenues continued to fall amid areduction in activity on the real estate market.
"We are struggling not to make losses. Things are going verybadly. On the retail segment, we will probably remain on top, wehave rented out around 30,000 square metres in shopping centres,and we have had around 300 contracts with high street retailers. Interms of revenues, however, results are weaker than last year.Internationally, things are going very well, Cushman made a profitsimilar to the one recorded in 2007, but we are powerless," saidRăzvan Gheorghe, general manager of Cushman & WakefieldRomania.
On the Romanian market, Cushman fights for the no.1 position withother international firms such as Colliers International, DTZEchinox, CB Richard Ellis, Jones Lang LaSalle, and, more recently,The Advisers Knight Frank, on a real estate consulting market thathas contracted by more than 50% in the last two years, from 50million euros to around 20-25 million euros.
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