ALBA ProjectManagement, consulting for projects worth 60m-euros

The domestic arm of Germany’s ALBA BauProjektManagement, a provider of consulting services for Greenfield investment projects, estimates it will coordinate, from its Cluj office, projects in excess of 60m euros this year, twice the value of last year, when the Cluj subsidiary was opened. The main projects carried out by the company in the Transylvania area are a logistic centre in Timisoara and a residential project in Sibiu, worth above 30m euros. The project in Timisoara is being developed by Austria’s Immoeast fund in partnership with Eyemaxx real estate development group. “Most real estate developers started with logistic projects in Bucharest, but the current trend is for them to also centre on major cities in Romania,” says Ambros Porcham, manager of the Cluj-Napoca unit of the company. Until this year, most projects handled by the company were on the retail segment, with Kaufland, Baumax and Plus as the main customers. The company has been present domestically for 3 years and has coordinated projects worth above 100m euros. The company’s representatives chose not to disclose the value of last year’s turnover, but specified that they have considered opening another domestic subsidiary.