Founded in 1997, Eurisko is one of the top real estate servicescompanies in Romania. Employing 120 people, it has officesthroughout the country. Its services include investment, agency,valuation, consultancy and research, and it has an extensive clientportfolio.

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Romania joined the European Union in 2007. That alliance,coupled with economic growth and a low-cost labor force, has fueledthe growth of Romania's real estate market. It is a strategicacquisition for CB Richard Ellis, increasing the company's abilityto work with investors seeking the high yields available in Centraland Eastern Europe. It also enables CB Richard Ellis to assistcompanies that are considering Romania as a location for their backoffice and support centers.

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"Romania has become a country of strategic interest to ourclients as they continue to look east," says Mike Strong, presidentof CB Richard Ellis, in a prepared statement. "This latestacquisition enables us to respond to these needs and strengthensour platform in the important CEE region."

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Colin Waddell, managing director of Central and Eastern Europefor CB Richard Ellis, says "we expect the Romanian commercial realestate market to see substantial growth over the long term. Euriskohas an enviable track record in Romania and we look forward toworking together to deliver a very compelling full service platformto both local and international clients."

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Radu Luciano, managing partner of Eurisko says "combining ourresources with CB Richard Ellis will bring us the internationalexpertise and market insight of the leading commercial real estateservices provider in the world, resulting in further added valuefor our clients. We are looking forward to working with CB RichardEllis' corporate and investor clients who are active in theregion."

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