Company: Tiriac Imobiliare
Bogdan Cernescu is a senior management professional with more than 20 years of leading industry expertise in institutional and entrepreneurial business environments.
He has an extensive record of accomplishment in financial services and in real estate - from financing to development and asset management – having served in key positions with BRD Groupe Societe Generale, Erste Group (BCR & Erste Group Immorent) and, recently, Tiriac Group, one of the biggest and most reputable business conglomerates in Romania, boasting combined annual net sales in excess of €500m.
Bogdan Cernescu is currently Managing Director of Tiriac Imobiliare (c.€300m AUM), the real estate franchise of Tiriac Group. Under his management, the profitability of the income producing portfolio - that includes the award-winning high end condominium Stejarii Residential Club – has stabilized at superior level, while the Company has embarked in ambitious new developments such as Tiriac Tower (i.e. 31,000 sqm GBA landmark office building downtown Bucharest, currently under construction and expected for delivery in Q3 2020) – as well as the second phase of Stejarii Residential Club which will feature 200 high-end residential units for lease (i.e. 60,000 sqm GBA with construction start expected in Q2 2020).
Bogdan Cernescu serves also in the Board of Directors of Allianz Tiriac Asigurari, a leading player in the Romanian insurance market, part of Allianz SE, as well as of Meteor SA / Universal SA that own altogether the largest street retail network in Bucharest.