DTZ Echinox received extended mandate including the management of the commercial centre, as well as strategic consultancy services regarding repositioning and renting. By taking over the management of Cocor, the volume of the property management portfolio of DTZ Echinox exceeded 160,000 sq. m.
Cocor commercial centre, reopened in October 2010 following EUR 24.5 million investment, has an area of 11,200 sq. m and an occupancy rate of 71%, the most recent tenants including Billa and Terranova.
DTZ also manages Shopping City Sibiu and Shopping City Suceava, owned by Argo Real Estate, Felicia Shopping Center in Iasi, owned by CBRE Global Investors and Uvertura Mall in Botosani owned by Moldova Universal. (source: dailybusiness.ro)