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DTZ Echinox profit €120 mln in Q1
The real estate consulting DTZ Echinox Company made in the first quarter of 2006 project estimations worth 120 million euros, a jump of more than 30 percent as against the similar period of last year, ACT Media news agency.

The majority of foreign investors have been attracted by the investment opportunities in Romania, under conditions in which the placement profitability rate is higher than in other East European countries, such as the Czech Republic, Hungary and Poland, the company's representatives announced.

The company evaluates commercial properties, office buildings and retail spaces, logistic parks and plots of land.

In 2004, the company posted overall revenues of approximately 170,000 euros, according to the Ministry of Finance.

The company mediated one of the biggest transactions last year, through which HP leased a space in the Bucharest Financial Plaza office building.

DTZ Echinox served as a consultant for the transactions carried out by the Austrian investment fund Europolis on the Romanian market: the acquisition in 2003 of the Europe House office building and of the Cefin Logistic Park project in 2004.

In the first nine months of last year the above-mentioned company reported an increasing turnover, by 100 percent, compared to the same period of the previous year, following the expansion of activities of the departments dealing with land, investments and industrial space. DTZ Echinox Company was set up in 2002.

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