he 13th annual EuropaProperty SEE Real Estate Awards, celebrating the region’s dynamic commercial real estate markets and reflecting its evolving nature, again highlighted some of the best and most accomplished companies, projects and professionals.
The awards gala, held on April 19th at the five-star Radisson BLU Hotel in Bucharest, brought together some of the top-performing firms and professionals operating in the SEE region. Chosen by members of EuropaProperty’s esteemed SEE Real Estate Awards Academy, this year’s winners were recognised for their continued market success and achievements in the SEE region.
The big winners of this year’s ceremony included Romanian developer Forte Partners, Austrian developer S Immo and prolific regional investor Revetas Capital. This year the SEE Real Estate Awards also celebrated Bulgaria as the Country of Honour with a number of firms and projects recognised.
S Immo collected three awards on the night including Extension/Refurbishment Project for Sun Plaza shopping centre in Bucharest as well as Retail Developer, and the Future Project award for the developer’s upcoming office development in Bucharest – The Mark.
Another successful winner on the night was Forte Partners which won awards for Office Developer of the Year and Office Project of the Year for The Bridge in Bucharest. The developer also picked up the Residential Developer of the Year award.
International investor Revetas Capital won two awards in quick succession including Investor of the Year and Investment Deal of the Year for a portfolio of hotels acquired in Bucharest in a joint deal with Cerberus.
Bulgarian firms honoured on the evening included Raiffeisen Property International Holding as Office Developer of the Year, and further crowning a successful evening, RPHI’s Adina Welsh picked up the coveted Professional of the Year award.
Other Bulgarian specific awards went to BGSKLAD as the best Industrial Platform. BLD won Residential Developer and the Residential Project award for ALBA. Galaxy Investment Group received a best Refurbishment award for the Intercontinental Hotel in Sofia, and Polygraphia Office Center by AG Capital won Best Bulgarian Office Project.
Developer CTP received a couple of awards including Warehouse Developer of the Year as well as Warehouse Project of the Year for its successful CTPark Bucharest West development. Residential Development of the Year went One United Properties for One Herastrau Park in Bucharest.
CBRE once again picked up the Agency of the Year award, and Ceres Management Services won the Property Management Firm of the Year. Other popular winners on the night included Wolf Theiss, which picked up Law Firm of the Year, and a retail specific award went to World Fitness as Retailer of the Year.
Further company awards were received by BuildGreen, which picked up Professional Service Provider of the Year. Project Management Firm of the Year went to Optim Project Management, Bog’Art received the best Construction Firm of the Year award and Chapman Taylor won the Architectural Firm of the Year.
The gala dinner was preceded by the SEE Real Estate Forum, a series of high impact panel discussions on some of the main issues affecting the SEE markets in Romania, Serbia, Croatia and Bulgaria. Highlights including, the growing importance of the BPO sector in the region as well as an overview of its retail markets. Speakers and participants agreed that although some of the markets were still in their early stages of the development cycle, a brighter and more transparent outlook is on the horizon.
Full list of this Year’s Winners
World Class Fitness
World Class Romania is a market leader in the health and fitness industry with 32 clubs around the country - 29 active clubs and three to be opened – with almost 60,000 members. World Class clubs provide services at the highest standards, cutting-edge facilities and diversified classes.
Professional Service Provider
BGSKLAD - Bulgaria
Bulgaria Winner - The BGSKLAD platform offers information on warehouses, factories, premises, terrain and production workshops all over Bulgaria. It provides business with interactive maps of industrial areas, analyses and professional consultation. It was nominated for the European Business Awards 2015-2016 in the "Business of the Year" category.
The BuildGreen team is driven by the desire to make a difference to the commercial property sector, by reducing the overall carbon emissions of our built environment and help shape businesses around the globe into taking a proactive approach to sustainability. The company’s core values are innovation, integrity and mutual benefit without compromise to our future.
Chapman Taylor is an award-winning practice of global architects and masterplanners, known for designing places and buildings that are both creative and successful. Established in 1959, it has longstanding relationships with many of the world’s leading developers, contractors, consultants, investors and brands. Clients benefit from the breadth of its pooled knowledge and creative expertise across design studios in Asia, Europe and the Middle East.
Wolf Theiss is one of the leading law firms in Central, Eastern and South-Eastern Europe (CEE/SEE). It has built its reputation on a combination of unrivalled local knowledge and strong international capability. Wolf Theiss opened its first office in Vienna over 50 years ago. The firm's team now brings together over 340 lawyers from a diverse range of backgrounds, working in offices in 13 countries throughout the CEE/SEE region
Project Management Firm
Optim Project Management is a leading Design, Project, Cost & Construction Management company operating in the private sector in Romania and Bulgaria, with the capabilities to deliver the most complex of projects in a wide range of sectors from concept through to completion. Today, as a result of its previous extensive international experience, the company has already been working on projects in Bulgaria, Serbia, Slovakia, Ukraine, Croatia, Czech Republic, Austria, Slovenia, Macedonia, Moldova and Hungary.
Property Management Company
CERES Property Management
Ceres Property Management (CERES) is a fully integrated, real estate management services company with offices in Bulgaria, Poland, Czech Republic and Romania. Since 2015, CERES performs property, project and construction management services for a portfolio of commercial properties in four countries in CEE, totalling more than 370,000 sqm.
Bog’Art is the leading Romanian construction and development company providing turn-key building solutions. It integrates excellent management and technical expertise with the personal touch of a family-owned company. In the past 25 years Bog’Art has successfully delivered over 3 million sqm amounting to EUR 1.6 billion in contracted value.
CBRE advises property owners, investors and occupiers on every aspect of their property strategies and assists them in the development, buying, selling, financing, leasing, valuing and management of their assets. Its team is critical to its success and its aims to attract, develop and inspire the very best in the real estate sector. In addition to exceptional property expertise, its team includes a huge range of sector specialists from areas such as production & manufacturing, workplace consultancy, corporate financing and shopping center development.
Revetas Capital Advisors LLP was established in 2012 to advise funds which source and actively manage real estate and property related investments with a focus on Central and Eastern Europe. Revetas has created a vertically integrated platform with investment, asset management and property management capabilities to ensure full control over the value creation process from origination to exit of the asset.
Revetas and Cerberus acquired a Bucharest Hotel Portfolio
Revetas Capital Advisors LLP and Cerberus Capital Management announced the acquisition of Project Nemo, a leading hotel complex with about 86,000 sqm of gross leasable area in a prime location in Bucharest, Romania. The complex includes the Radisson Blu and Park Inn hotels, featuring a total of 697 guest rooms operated by the Rezidor Hotel Group, as well as around 7,500 sqm of prime retail space anchored by high-end tenants such as Burberry and Hugo Boss.
BLD - Bulgaria
Bulgaria Winner - BLD was founded in 2006 as a management company and registered on the London Stock Exchange. BLD developed into an investment company in all segments - office, commercial, residential and holiday properties. BLD is responsible for investment portfolios of groups and holdings, banking institutions and individual investors. From 2013 the company focused on the residential market of Sofia.
2017 was also the year of consolidation on the residential market for Forte Partners, after starting Aviatiei Park, the largest project of the company so far. Located in the Northern part of Bucharest, with 352 units, is going to be a residential landmark in an area known for A class office developments. Over 50 percent of the project area will consist of green areas. Of the 15,000 sqm of land, only 3,700 sqm will be occupied by the footprint of the four buildings.
CTP is a Dutch-led, full-service commercial real estate developer and manager, established in the Czech Republic 20 years ago by two Dutch partners, including Remon Vos. CTP is the owner and operator of CTPark network, Central Europes largest integrated network of business parks strategically located in more than 80 locations within the Central European region.
S IMMO AG invest exclusively in the European Union with a focus on capital cities in Austria, Germany and CEE. Over 70 percent of its property portfolio consists of offices, shopping centres and hotels.
Raiffeisen Property Holding International - Bulgaria
Bulgaria Winner - RPHI develops, manages and sells real estate in Austria and other CEE countries. The portfolio of the company, initially specialized in office buildings, now includes a wide range of residential real estate. The Akademie Bank Center in Budapest, the office park Expo 2000 in Sofia, the SAS Radisson Hotel in Kiev (the first western style 4* hotel in the Ukrainian capital), Sky Tower in Bucharest, Tatra building in Bratislava, Space2Move in Vienna and many more.
Forte Partners believes in transforming Bucharest into a better city, in creating opportunities for those who benefit from its projects. Forte Partners understands the needs of its customers, and understands their desire to work and live in safer and friendlier spaces and it offers them this opportunity.
Polygraphia Office Center - AG Capital - Bulgaria
Bulgaria Winner - Polygraphia Office Center is a landmark historical building converted into a modern business complex which stands out as a leading office project in downtown Sofia. The concept of the project was designed by HOK International, London.
The Bridge - Forte Partners - Romania
A new state-of-the-art office project, environmentally sustainable and strategically located in the central-western part of Bucharest, where the new office hub of Bucharest is growing. The project includes two office buildings with 10 floors each, to be developed in two phases. The first building has a total leasable area of 36,000 sqm and has IBM and BCR among its largest tenants, while the second one will have a total leasable area of 21,000 sqm.
CTPark Bucharest West - CTP - Romania
CTPark Bucharest West, acquired by CTP from ProLogis back in September 2015 – at that time it had two warehouse properties completed and leased, with total lettable area of 100,000 sqm, including an additional 36ha of land for future development. Since then CTP has continued to buy additional surrounding land in order to further extend the project and allow future development opportunities. Currently, CTPark Bucharest Wests covers an area of about 145ha of land, around 300,000 sqm of built premises with the potential to grow to 1 million sqm.
ALBA - BLD - Bulgaria
Bulgaria Winner - The situation of ALBA residential facility allows all dwellings to take full advantage of the combination of all three environmental factors - south view, Vitosha mountain landscape and a bird's eye view ahead. Impressive natural and architectural advantages combined with perfect comfortable and prestige region make ALBA a dream home.
One Herastrau Park - One United Properties - Romania
One Herastrau Park redefines Bucharest collective urban dwelling and its natural integration beyond the specific conditions of metropolitan Bucharest. By sensitive and technological integration in the planning of apartments and methodic landscaping, our project offers the benefits of urban living together with the sustainability of long-term environment.
Refurbishment / Extension Project
Intercontinental Hotel Sofia - Galaxy Investment Group - Bulgaria
Bulgaria Winner - Galaxy Investment Group acquired interest in Radisson Blu hotel in Sofia. The hotel is situated in the heart of the Bulgarian capital. The property was operated by Carlson Rezidor Hotel Group for 17 years under Radisson Blue brand. Galaxy Investment Group invested more than EUR 15 million in the expansion and refurbishment of the hotel. Capacity increased to 194 rooms and from March 2018 the hotel is operated by InterContinental Hotels Group under the luxurious brand InterContinental.
Sun Plaza - S IMMO - Romania
Eight years after its opening, the Sun Plaza shopping centre has been remodelled to accommodate new tenants. An area spanning over 20,000 sqm has been the subject of the refurbishment. The first two phases of the remodelling are already finalized, adding new brands and a more hip, vibrant and eclectic shopping and entertainment experience within the centre. The remodelling and expansion of Sun Plaza has been accompanied by an unique art installation by Peter Kogler, a renowned Austrian artist who is one of the pioneers of the computer-generated art.
The Mark - S IMMO - Romania
THE MARK is highly regarded by market experts for its exemplary construction standards and innovative technical specifications. Set as a visual reference point across a wide area of the city, THE MARK is now nearing completion and has already become an urban landmark fixing the Buzesti-Grivitei area and setting a new standard for superior, quality buildings in Bucharest.
Professional of the Year
Adina Welsh - Raiffeisen Property Holding International
Adina Welsh is the Executive Director of Raiffeisen Property Holding International, Bulgaria; a Member of the board of Association of Commercial Building Owners; and a Member of the board of the Bulgarian Green Building Council. Highlights include the sale of Mall Varna to Kronberg International. After seven years of managing the Mall on behalf of Raiffeisen Bank International, RPHI and Adina have completed the sale of the asset RBI acquired in November 2010.