Office projects

Successful projects in Bucharest

Retail projects

Complex real estate schemes


Focus on commercial and residential real estate opportunities in Romania

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Element Development is a real estate investment and development company, born from the solid experience and proven track records of its owner, Ionut Dumitrescu – former main shareholder of Eurisko Consulting.

Eurisko Consulting was established in 1997 and in 10 years grew to become the most important local brokerage & consultancy company, successfully sold at the beginning of 2008 to CB Richard Ellis, the global leader in real estate services.

After selling Eurisko, Dumitrescu focused on growing Element Development, which is today one of the most active local real estate developers, with an remarkable track record and current projects worth of 20 million EUR. The company has two ongoing projects: Bistrita Retail Park, a shopping gallery of 9,000 sq. m. near the old city center and Targoviste Retail Park, a 11,000-sq. m. in the city center, near Mitropoliei Park and House of Culture.

Developed assets worth of 100 million EUR

Total transformed land of 7 million sq. m.

Developed buildings 100,000 sq. m.

The leaders

Ionut DUMITRESCU


Founder

Mr. Dumitrescu is one of the most known local real estate investors on the Romanian market. A pioneer in this industry, Ionut launched in 1997 a local consulting & brokerage company that reached in ten years to an annual revenue of 14 million EUR with a total of 160 employees.

Eurikso was sold to CB Richard Ellis in February 2008 for 35 million USD. Ionut was also one of the founders of Building Support Services, a company that became the largest property & facility management firm in Romania.

In 2006, he sold his shares to a consortium of international investors. After the two exists, he founded Element Development, a real estate investment and development company, focused on commercial & residential real estate opportunities in Romania.

Ionut BORDEI


CEO

Mr. Bordei was named in February 2017 as CEO of Element Development. He has an experience of 17 years in the local real estate industry, beginning his career at Eurisko as a residential broker up to the Partner position.

Mr. Bordei has a bachelor’s degree in Economics and is now following an Executive MBA program from Vienna University of Economics and Business. Before joining the team of Element Development, Ionut has previously worked for Cordia Futureal and DTZ Echinox.

As CEO of Element Development, Ionut Bordei is in charge of supervising the company’s projects, as well as seizing new development opportunities.

Ana GANEA

Head of Operations & Accounts Payable Manager

Ms. Ganea, a graduate of Bucharest University, is an experienced Director of Operations with a demonstrated history of working in the real estate industry.

Ms. Ganea has been a member of Element Development’s team beginning with 2008, ensuring business growth through directing and managing business operations activities to make sure these are delivered in accordance with the organizational strategy.

As Head of Operations of Element Development, Ana Ganea is in charge of planning, directing and managing the performance of the company’s operations, as dictated by the overall strategy agreed by the shareholders, to maintaining and developing business growth in accordance with the agreed business strategy.