Colliers has provided technical consultancy services for 3.4 million square meters of industrial space, offices, retail and hotels in 15 years of activity of its Building Surveying division, it said in a press release Thursday. Around 2 million sqm are in monitoring projects.
Real estate development monitoring is a service requested in particular by lending banks for the verification and confirmation of works performed by real estate developers and the confirmation and verification of requests for withdrawals from the approved loan.
Monitoring reports confirm, among many technical and financial aspects, the concordance between the estimates of construction works and the builders’ invoices for the works performed.
“During the 15 years of activity in the Building Surveying segment, Colliers was an important bearing in the whole mechanism of real estate developments in which we were involved and for which our services were requested. Thus, by making monitoring reports, we had an impact in the delivery on the market of 18 industrial halls, 16 office buildings, 15 residential buildings, 5 shopping centers and 2 hotels, totaling approximately 2 million square meters,” said Oana Stamatin, Director of Green Certifications and Building Surveying at Colliers.
Colliers is currently working for eight project monitoring and technical audit clients and three commissioning clients, she added.
Companies for which Colliers has offered such services over time include real estate developer CTP, but also banks such as BRD Groupe Société Générale or Banca Transilvania.