PROPERTY MANAGEMENT CONFERENCE

Bucharest, October 6, 2011
 

The last ten years harbored a “real estate boom” which resulted in 500 new office buildings and 60 malls in Bucharest and the most important Romanian cities. The current problem confronting the real estate sector is how to manage such significant assets.
 
A decade ago the term “property management” was an artificial and exotic notion for the local business environment, since most companies used apartments as their headquarters, while people did their shopping in traditional marketplaces. The property management concept has lately gained importance, due to the continuous real estate development. The office space offer surpassed 2 million square meters, while since the first mall built in Bucharest in 1999, more than 60 malls and commercial facilities have been finalized.
 
All real estate projects require an efficient management, which can assure low operational costs for both owners and tenants. The Property Management Conference tried to present the best management solution that can close a win-win business relationship between owner and tenant. The discussion’s agenda centered on the following questions:
 
  • What Property Management is and what is the value of the property management market?
  • Which are the next real estate projects to be finalized in the years to come and which will be their impact on the market?
  • How do banks administer their non-performing loans and forclosed properties? Where does property management activity fit in?
  • Which is the total value of the property management market and who are the most important players on it?
  • Is it efficient to outsource the property management function? Which are the most important advantages?
  • Which are the management costs for an office building or a mall and how they are calculated?
  • How does a person obtain the property management specialization? Is it required a particular “school” to obtain such a qualification? Which are the most common professional backgrounds of property management specialists?


Browse the photo galerry of the Property Management Conference.