ZF English

Eurisko, on the wish list of global giant CB Richard Ellis

09.08.2007, 20:11 17

The shortlist of bidders for Eurisko also includes Jones Lang LaSalle (JLL), market sources told ZF.
Eurisko boasts a market value of more than 15 million euros.
The representatives of LaSalle, a company that returned to the domestic market at the beginning of this year, denied being interested in taking over Eurisko, stating that last year the firm considered the possibility of entering the market through an acquisition, but then gave up this option.
At the same time, the representatives of CB Richard Ellis stated they "would not comment on market rumours and speculations". After the announcement on the licence withdrawal, the company's representatives stated they were "considering several options with a view to providing customers with the best services in the future," without specifying the options under consideration.
Ionut Dumitrescu, a shareholder of Eurisko, could not be contacted for details, as he was on leave, according to the company's representatives.
Radu Lucianu, managing partner of Eurisko, neither confirmed, nor denied the information on the possible sale of the company.
"For ten years since it was set up, there have been various bids for Eurisko, but there has never been a concrete outcome. I do not know how CB Richard Ellis could make a comeback on the market, but this is their problem," stated Radu Lucianu.
Lucianu also specified that Eurisko was on target after the first half of this year, when, just like in the past years, the company estimated it would double its turnover. Last year, the company generated turnover worth 5.7 million euros and income standing at 0.9 million euros.
Eurisko is controlled by Dumitrescu Ionut (holding a 10% stake), Marchivici Dan Gabriel (10%), Vasilache Dan (9%) and Fastahead, a company registered in Cyprus and holding a 71% stake.
CB Richard Ellis, which is headquartered in Los Angeles, USA, has more than 300 offices worldwide and over 24,000 employees, being the biggest provider of real estate services in terms of revenues generated in 2006.
The domestic market of real estate consulting services is estimated to be worth 50 million euros this year, with the main players being international firms such as Colliers, Cushman & Wakefield and DTZ, as well as domestic companies such as Regatta, Euroest and Neocasa, besides Eurisko.

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