EuropaProperty has successfully completed its 2nd annual CRE Awards at the Marriott Budapest Hotel, on the banks of the Danube. The awards gala was a great success and was well received by all winners and their guests. The quality and number of nominations for this event suggested an underlying, and growing confidence in the region’s property markets.
The event brought together some of the top-performing firms and professionals operating in the CEE region. Chosen by members of EuropaProperty’s esteemed CRE Awards Academy, this year’s winners were recognised for their continued market success and achievements for 2018.
Major winners included WING, GTC, and Belgrade Waterfront. WING was recognised by the jury for its excellent year of deliveries, disposals and acquisitions in Hungary. The company walked away with the Overall Company and Office Developer of the Year awards. The developer GTC also scooped up a couple of the main prizes including Office Project of the Year for their recently opened GTC White House project in Budapest, and Professional Woman of the Year for Bori Gedai.
Belgrade Waterfront, an investment and development consortium, redeveloping and revitalising a substantial downtown area in Belgrade won Future Project for their ambitious mixed-use development Belgrade Waterfront. The company was also recognised as Retail Developer of the Year. Other Serbian winners included PSP-FARMAN Holding for phase 1 of the residential development West 65.
Other project winners included the developer Luka Living, winning for their first foray into the residential sector with the mixed-use project Luka Living in Prague. Refurbishment Project of the Year went to CEETRUS for their Budaörs refurbishment. Goodman won Warehouse Project of the Year for Ullo Airport Logistics Centre in Hungary. The company also walked away with the Warehouse Developer of the Year award. Inpark-NIPÜF Group won Warehouse BTS Project of the Year for Inpark Hatvan in Hungary.
Gránit Pólus Group were recognised for their continued excellence in property development and management and took away awards for their mega successful shopping centre in Budapest, Westend City Center and the Cultural Project of the Year award for Palace of Art’s and Budapest Sportaréna.
The Investment Deal of the Year Award went to NEPI Rockcastle for its acquisition of the Mammut shopping centre in Budapest. Meanwhile, Bluehouse Capital picked up the award for Investor of the Year, on the back of its successful investment strategy throughout the region.
Overall Professional of the Year went to JLL’s Benjamin Perez-Ellischewitz. The international consultancy also collected Agency of the Year. Relative rewcomer to the market, Eston International, won Property Management Firm of the Year.
Other company winners included First Title Insurance, which picked up the Professional Service Provider of the Year for the second year running, a feat repeated by Lakatos Koves & Partners, which once again received the Law Firm of the Year award. Luka Living picked up Residential Developer of the Year.
Company of the Year awards were presented to the leading companies in the region for their activities and accomplishments during 2018. Companies were judged on their overall market contribution, quality of customer services, market innovation, commercial success, leadership and market penetration.
Accentuating the interest in the region’s retail sector, a few key retailers were shortlisted. The eventual winner of the Retailer of the Year award went to F&B retailer Fresh Corner. The Retailer of the Year award was given to the most active retailer throughout the region based on their market innovation, expansion, contribution to the market, market share, concept and design, and commercial success.
The awards were judged by an independent elite panel of industry professionals from some of the leading commercial real estate companies in the region. The jury selected the winners of the awards from the shortlisted companies. In order to ensure maximum objectivity and transparency of the final results, the judging procedure is overseen by EY - one of the world's leading professional services organizations.
On behalf of our sponsors, judges and attendees, we offer our congratulations to all the winners. Foundations are already in place for next year’s event, which promises to be even bigger.
Winners for 2018
MOL Group’s retail network is composed of close to 2,000 service stations in ten countries, predominantly located in the supply radius of the Group’s refineries which maximizes synergies between refining, marketing and retail. Building on this network, MOL's goal is to provide its 10 million customers with high quality products and the most desirable services and future demand solutions.
Professional Service Provider
First Title Insurance
First Title Insurance plc provides innovative insurance solutions that minimise legal risk and add security to real estate transactions throughout Europe. Our bespoke insurance policies provide cover for both known and unknown legal ownership and mortgage security defects
Lakatos Koves & Partners
Lakatos, Köves and Partners (LKT) is a 9 partner, 46 lawyer full service commercial law firm based in Budapest, Hungary, with a predominantly international client base, offering cutting-edge know-how and matching innovative legal solutions to business needs. For many years the firm was Clifford Chance’s office in Budapest, but since 2009 has been independent.
ESTON International provides full scale property advisory services on the Hungarian real estate market. The company’s advisory activity covers all segments of commercial real estate from consultancy, project management, sales & leasing, valuation, tenant representation, market research studies, loan management, property management, project assessments, investment & portfolio management reports, acquisitions, technical inspections, forensic reports, project follow-up, feasibility studies.
JLL is a leading professional services firm that specializes in real estate and investment management. The company's vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018.
Modern rental housing with hotel-like services in fully furnished, energy efficient flats. This is Luka Living, a concept which is completely unique in Central Europe. The ambition of Luka Living is to transform the Luka district into an exceptional place for living, directly at the metro station and providing pleasant shopping experience and services to both our clients and the entire surrounding area.
Goodman owns, develops and manage industrial real estate in 16 countries including logistics facilities, warehouses and business parks. Its investment partnerships give institutional investors access to its specialist investment management services and commercial and industrial property assets.
New retail, dining and leisure venue at the bank of Sava river will be one of the focal points of Belgrade Waterfront. Total leasable area of BW Galerija is 93,000 sqm, spread over three floors, with abundant parking and excellent connectivity to all major transportation routes
WING is the leading Hungarian-owned business in the domestic property market, with a considerable project portfolio, an investment division and subsidiaries that specialise in the provision of property-related services. The company is present in every real estate segment; and is Hungary’s largest office developer.
Founded in 2004, Bluehouse is a private equity real estate investment management firm focused in Emerging Europe. Bluehouse manages capital across four funds, investing on behalf of a high-quality institutional investor base, including financial institutions, pension funds, endowments, multi manager funds and family offices.
Mammut shopping center (Budapest) acquired by NEPI Rockcastle
Mammut Shopping Centre – The transaction was concluded in September 2018. • GLA of 56 400m2 • Ownership: 100% of Mammut 2 and 81% of Mammut 1% • Annual footfall: 15,6 million • Tenants include: Cinema Pink, Hervis, H&M, Interspar, Media Markt, Reserved, New Yorker • Acquisition price: €275 million.
Residential Project Serbia
West 65 (phase I) - PSP-FARMAN Holding - Serbia
West 65 is a residential complex in New Belgrade. The location features well-developed traffic infrastructure and public transportation network, allowing quick and convenient access to any other part of the city. The immediate vicinity has shopping, offices and service centres. It is about 15 minutes to the city centre. It includes two 11-storey residential buildings, a mall and a 146 meter tower in Blok 65 of New Belgrade. It will be the tallest building in Belgrade until 2019.
Residential Project CEE
Luka Living - Luka Living - Czech Republic
Modern rental housing with hotel-like services in fully furnished, energy efficient flats. This is Luka Living, a concept which is completely unique in Central Europe. The ambition of Luka Living is to transform the Luka district into an exceptional place for living, directly at the metro station and providing pleasant shopping experience and services to both our clients and the entire surrounding area. Luka Living offers 215 flats with customized interiors, ready for immediate use.
Ullo Airport Logistics Centre - Goodman - Hungary
This project on behalf of Auchan is the largest one-shot warehouse development ever undertaken in Hungary. Situated near Üllő, the site provides excellent accessibility and as such will provide our new tenant with and ideal distribution hub for their activities in the country; able to meet both their current needs and those their expansion goals will require.
Warehouse BTS Project
Inpark Hatvan - Inpark-NIPÜF Group - Hungary
Inpark has constructed a 60,000 sqm logistics centre in Hatvan, one of the largest industrial property developments in recent years in Hungary. Bosch has signed a long-term lease contract for the complex, which serves as their strategic distribution centre in Central and Eastern Europ
Budaörs refurbishment - Ceetrus - Hungary
Budaörs is CEETRUS's flagship project. Some of the reasons: - the arrival of new brands - Pizza Hut, Starbucks, Buddha Original - improvement of the food court - new temporary tenants - new interior design - increased comfort for visitors and clients - the renovation of Auchan.
GTC White House - GTC - Hungary
GTC White House – the latest GTC Hungary development. The building is located on the Váci Road office corridor in Budapest’s 13th District. The design incorporates the renovation of a 100-year-old former elevator factory to create modern, unique office space of approximately 2,000 sqm. The preserved historic building is integrated into the whole new 21,500 sqm office complex, and has already been awarded a LEED Platinum certificate.
Belgrade Waterfront - Belgrade Waterfront - Serbia
Belgrade Waterfront is an urban renewal development project headed by the Government of Serbia and Eagle Hills, a leading Abu Dhabi-based private investment and development company that is focused on the creation of new city hubs in high-growth international markets. Around €3.5 billion is being invested by the Serbian government and their Emirati partners.
Palace of Art’s and Budapest Sportaréna - Gránit Pólus Group - Hungary
Granit Polus Management Corporation is responsible for the PM services of the biggest cultural center in CEE – Palace of Art’s – and of the biggest sport and event arena in Hungary – Budapest Arena.
Company of the Year
WING is the leading Hungarian-owned business in the domestic property market, with a considerable project portfolio, an investment division and subsidiaries that specialise in the provision of property-related services. The company is present in every real estate segment.
Professional Woman of the Yea
Bori Gedai - GTC Hungary
Bori is an indispensable member of the GTC management team, and one of the very few female directors in the regional real estate business. She joined GTC Hungary in 2013 as a leasing director and in just four short years had progressed to deputy country manager, a remarkable achievement. Her most notable milestones to date are the Duna Tower acquisition and the leasing and designing of the latest GTC building, GTC White House.
Professional of the Year
Benjamin Perez-Ellischewitz - JLL
In 2018: JLL’s Capital Markets team led by Ben was involved in the most significant transactions on the market. JLL represented the buyer, NEPI Rockcastle, in this year’s largest retail investment transaction (Mammut shopping center) and the seller, Futureal, in the disposal of the landmark transaction of Corvin Offices, a campus of some 83,000 sqm of category "A" office buildings, the largest office investment transaction in Hungary to date.
20 Years of Success - the Ultimate Shopping Center
WestEnd City Center
Granit Polus Management Corporation is responsible for the PM services of the most successful shopping and entertainment center in the region – WestEnd City Center