Immofinanz Group spokesperson, Bettina Schragl, told news agency Mediafax that Ustinescu started to work as senior transaction manager within Immofinanz Group on May 1 and is in charge with the group’s transactions in Central and Eastern Europe.

Immofinanz Group is one of Europe’s largest real estate companies. The group’s portfolio includes over 1,600 properties valued at nearly EUR10.2 billion. It is present in Austria, Germany, the Czech Republic, Slovakia, Hungary, Romania, Poland and Russia.

Immofinanz owns 89 projects in Romania (17 completed investments worth EUR657.2 million, 11 projects currently under development worth EUR36.7 million and 61 projects under scrutiny worth EUR297.2 million).

DTZ Echinox is one of the leading real estate consulting firms on the Romanian market.