Gardiner & Theobald doubles business

The local office of British project and cost management company, Gardiner & Theobald, last year posted business worth some 2.5 million euros, double the value posted in the previous year. According to data from the Ministry of Finance, Gardiner & Theobald’s business stood at 1.3 million euros in 2005, and profit amounted to 220,000 euros. “Local developers have of late started to grasp the importance of project management companies and have resorted to using such services. They noticed that the local market is changing and realised they needed professional advice,” stated Gavin Moore, associate director of the company. “However, it is mainly international developers who use our services; they travel extensively and don’t have a lot of time to spend in Romania on their projects,” he specified. The local office also grew in terms of number of employees, which currently numbers 41, including 10 foreign employees. Gardiner & Theobald entered the local market in 1997, when it undertook its first project offering consultancy project & cost management advice to the Opera Center. Since the company’s entry, activity has expanded to all fields, from managing residential projects such as Asmita Gardens and New Town Residence, to handling commercial projects such as Liberty Center and Colosseum, and logistical projects, including Cefin Logistics Park and Bucharest West.