EuropaProperty has successfully completed its 9th annual CEE Investment Awards at the Intercontinental Hotel in Warsaw, Poland. The awards gala was heralded a great success, and was once again witnessed by a select group of around 350 senior European and Central European real estate professionals; affirming the event’s status as a true landmark event for the investment sector.
Europa Capital, Panattoni Europe, IMMOFINANZ and White Star Real Estate were this year’s big winners, collecting multiple awards across all the main investment and development categories. Globalworth, Griffin Real Estate and CA IMMO also walked away with some of the big prizes.
IMMOFINANZ was deemed this year’s Investor of the Year collecting a couple of investment awards largely on the back of its record-breaking transaction that saw the company acquire the Warsaw Spire office tower from Ghelamco for €386 million.
Other big investment winners included Europa Capital, with four awards, as this year’s most successful Investment Asset Management Firm, Value Add Investor, Hotel Developer, and for the complete refurbishment of the Radisson Centrum hotel in Warsaw.
Globalworth won Office Investor for its prolific acquisition strategy throughout Poland, also receiving the CORE+ Investor honour. Griffin Real Estate was recognised by the Jury for its investment strategy in the region, winning Cross Sector Investor as well as Opportunistic Investor.
More investment recognition went to CA IMMO as Core Investor, M7 Real Estate as Warehouse Investor, and GLL Real Estate Partners was recognised for its sale of the Renaissance Building in Warsaw to KanAm.
Panattoni Europe’s Robert Dobrzycki was named this year’s Industry Professional. The warehouse and logistics developer is recognised as one of Europe’s most prolific, with its successful development model.
The Jury once again awarded Panattoni Europe as Warehouse Developer, and also selected one of their latest BTS project for Amazon in Poland as Warehouse Development of the Year.
Echo Investment’s Warsaw Brewery (Browary Warszawskie) developmnt collected this year’s Future Project award. The ongoing mixed-use scheme, in the centre of the city, was deemed by the Jurors to be the best example of a lifestyle development. Other office developments recognised by the awards included White Star’s Elektrownia Powiśle in Warsaw. The Project of the Year went to Great Stone Industrial Park in Belarus.
White Star Real Estate also picked up Office Developer of the Year for their recently opened office projects in Warsaw, and for their continued excellence in property management they were awarded Property Management Firm of the Year.
Accentuating the strength and interest in the region’s investment sector, were the Investment Agency Awards. Hamilton International was recognised as Newcomer, AXI Immo, celebrating 10 years on the market, collected the Local Agency award, and JLL once again walked away with the Corporate Investment Agency award.
Further company awards went to Arcadis for Professional Service Provider of the Year. TPA was once again voted this year’s best Tax and Financial Adviser, and First Title was voted the best Title Insurance Provider. Other industry winners included, Dentons, Helaba, Gleeds, Kajima, and Apleona HSG.
This year’s City award went to Katowice and Hotel Professionals were awarded the best Hotel Advisory firm. Recognising the growing influence of the flex/shared services sector on the region, one of CEE’s fastest growing flex operators, New Work, won the Serviced Office Provider award.
On behalf of our sponsors, judges and attendees, we offer our congratulations to all the winners and shortlisted nominees. Full coverage, comments, interviews and pictures will be posted in the coming days. For more trending details please visit #ceeinvestmentawards, and all other EuorpapProperty social connection avenues.
Winners
Category: City
Katowice is a dynamically developing city, the capital of the Silesian Voivodeship and an important economic, administrative and cultural center. It is also the center of the Metropolis (Metropolis GZM) which is inhabited by 2.3 million people. This Metropolis brings together 41 cities and communes, which opens new possibilities for the development of both individual cities and the region as a whole. For example, thanks to additional funds from the state budget, it will be possible to implement many large investments, including those in infrastructure and communication, aimed at improving the quality of life.
Category: Professional Service Provider
Arcadis is dedicated to improving the quality of life. For financial institutions, knowing what to expect when it comes to investment returns is everything. Be it infrastructure, real estate or even internal capital projects, Arcadis experts’ long-standing experience of investment, finance, design and delivery means that it can provide its clients with the certainty of outcome they require. Arcadis also works with cities across the world, giving them a competitive edge and improving quality of life for their residents, visitors and businesses by building programs that expand resiliency, encourage regeneration, and maximize mobility.
Category: Tax & Financial Provider
TPA Poland is constantly developing to provide its clients with a comprehensive range of services. Following an agreement concluded in September 2019, over 60 experts and tax, accounting and audit specialists, so far operating under the Moore Stephens Central Audit brand, joined the Warsaw-based tax advisory, audit, accounting and payroll outsourcing teams of TPA Poland. As a result of the merger, with its team of more than 270 experts and turnover exceeding PLN 60 million in 2019, TPA Poland now ranks among the largest and most dynamically developing consulting companies.
Category: Title Insurance Provider
First Title’s highlights include a record number of issued policies in Poland as well as insuring a number of landmark assets in both Poland and CEE. Over €4.5 billion of property insured. Policies issued in six CEE jurisdictions: Poland, the Czech Republic, Hungary, Slovakia, Romania and Bulgaria.
Category: Law Firm
Dentons the world’s largest law firm, offers agile, tailored solutions to meet the local, national and global needs of private and public clients of any size in 177 locations serving 79 countries. Our clients benefit from more than 10,000 lawyers and professionals with experience in 24 sectors and 40 practices. With over 1,400 lawyers, including 100+ in CEE alone, Dentons’ Global Real Estate Group offers legal advice and solutions that combine international real estate expertise, local market knowledge, and sector specific experience.
Category: Construction Company
Kajima is a general contractor with Japanese capital, a member of the Kajima Corporation group of companies, a world leader in construction and construction technologies. Kajima specializes in the construction of buildings mainly for the industrial and logistics sectors. During the 17 years it has been active on the Polish and Czech markets, it has constructed over 150 buildings – mainly warehouses and logistics halls and industrial plants. Kajima’s portfolio also includes shopping centres, offices and educational facilities.
Category: Project Management Company
Gleeds Polska, part of Gleeds Group, is one of the world’s leading management and construction consultants with over 130 years’ experience in the building and construction industry and offices worldwide. Gleeds Polska, with its main office in Warsaw, was formally established in 1992, and it now operates from its local offices in Warsaw, Katowice, Krakow, Poznań, Łódź, Wrocław and Gdańsk. In addition, it has a well-established subsidiary, Gleeds Ukraine LCC (with its office in Kiev), under Gleeds Polska management.
Category: Facility Management Company
Apleona HSG provides comprehensive integrated Facility Management. The Company supports technical and infrastructural facilities, office, industrial, logistics, commercial centers and other throughout the country. Moreover, Apleona HSG supports facilities certified by LEED and BREEAM, as well as provides additional services to support production processes and management: construction management, power management programs, work safety and CAFM. The company is certified ISO 9001, 14001, 18001.
Category: Property Management Company
White Star Real Estate is a well-known, international real estate company with a first-class track record. Its team has been active in Central and Eastern Europe since 1997, leading the completion of over 50 development projects throughout the region. These projects include a large portfolio of landmark office buildings, as well as warehouse, retail, leisure and residential properties. White Star Real Estate is also an experienced asset and property manager, providing services to its clients for over 2.4 million sqm of commercial properties.
Category: Serviced Office Provider
New Work – one of the top three flex office providers in CEE – is continuing its expansion in Poland with the announcement of three new openings by the end of 2019 – in Warsaw, Łódź and in Kraków. Already operating in five countries in Central and Eastern Europe (Hungary, Poland, Czech Republic, Romania and Ukraine), New Work is now focusing on its fastest-growing market, Poland.
Category: Hotel Advisory
Hotel Professionals Management Group is Hotel Professionals’ sister company, offering comprehensive management services to hoteliers and hotel investors across Poland and Eastern Europe. Its team of experts lead by Alex Kloszewski and Guy Simmons, offers profound advisory and operational know-how gained over years of experience in both Polish and foreign markets, what allows for a complex understanding of market mechanisms from a national and global perspective.
Category: Newcomer
Hamilton May is a privately owned and managed real estate company operating in Warsaw and Krakow in Poland. Since its inception in 2004 it has continuously challenged traditional real estate practices in Poland, with a strong aspiration to change and improve the way the industry works. This desire for continuous improvement remains with the company today with a constant drive to stay ahead of its competition and to provide the best possible service to its customers. Hamilton May is a fully licensed real estate and property management company.
Category: Local Agency
AXI IMMO is one of the best commercial real estate agencies in Poland. 100 percent with polish capital, but with international coverage and client’s portfolio. Within a decade of operation, the company has become a significant force on the market of real estate consulting agencies in Poland. The business was founded in April 2009 and within 10 years the company has advised over 400 clients and on more than 700 transactions. Today, AXI IMMO is a team of 60 specialists who are continually growing their market share in Poland year on year.
Category: Corporate Agency
JLL is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 92,000. In addition to global brand recognition, the company has a very strong reputation and presence in the CEE, with offices in Poland, Czech Republic, Hungary, Slovakia, and Romania.
Category: Bank
Helaba formed part of a consortium alongside Santander Bank Polska who in 2019 agreed with Resi4Rent to finance four of their development projects. Resi4Rent will receive PLN 198 million of a construction loan which will be converted into an investment loan of up to PLN 230 million after the projects are completed and occupied. The four projects are comprised of approximately 1,060 apartments for rent, located in Poznań (Szczepanowskiego), Warsaw (Taśmowa and Woronicza) and Gdańsk (Kolobrzeska).
Category: Hotel Developer
Europa Capital is a dedicated real estate investment manager focused on the European markets. We specialise in investment through both equity and debt strategies where we employ our real estate asset management skills and experience to maximise value in all property classes across Europe. Since its formation in 1995, Europa Capital has collectively raised ten real estate funds and committed to over 130 transactions totalling more than €11.3 billion across 20 European countries. Europa Capital is majority owned by Mitsubishi Estate Co. Ltd, one of the world’s largest real estate groups, which is a strategic investor alongside Management.
Category: Warehouse Developer
Panattoni Europe’s unrivalled performance is the fruit of the rapid and effective response to the needs of the market, in Poland and the Czech Republic, where the developer has been present since 2005, as well as in Germany and now in UK. The impressive numbers can be attributed mainly to the dynamic growth in the e-commerce sector, as evidenced by Panattoni’s biggest deals to develop large format projects, the so-called big boxes, for such companies as Amazon in Poland and the Czech Republic.
Category: Developer
White Star Real Estate is a well-known, international real estate company with a first-class track record. Its team has been active in Central and Eastern Europe since 1997, leading the completion of over 50 development projects throughout the region. These projects include a large portfolio of landmark office buildings, as well as warehouse, retail, leisure and residential properties. White Star Real Estate is also an experienced asset and property manager, providing services to its clients for over 2.4 million sqm of commercial properties.
Category: Future Project
Warsaw Brewery is a cohesively designed urban space, connecting offices, apartments for sale and for rent, services and eating places. The project is being developed in the quarter of Grzybowska, Wronia, Krochmalna and Chłodna streets in Warsaw’s Wola district. Construction works began in 2016, and only two years later, the first office building and the residential building were put into use. The project consists of c.a. 50,000 sqm of office space, over 1,000 apartments, great entertainment and restaurant area, greenery, public squares and social space in historical buildings of former malthouse, laboratory and villa. The whole area will be delivered in Q4 2020.
Category: Refurbishment Project
The newly refurbished hotel is located in the heart of Warsaw’s CBD and was constructed in 2002. It has a 5-star rating with 311 rooms arranged over ten floors. The property has eight meeting rooms, a conference facility, two restaurants and a foyer restaurant and bar, a basement car park with 127 spaces and leisure facilities. The refurbishment has breathed new life into the hotel with a complete modernisation of the ground floor reception, bar area, two restaurants and all of the guest rooms. This will allow the hotel to capitalise on the improving room rates for Warsaw and the increasing attraction of the city as a tourist destination.
Category: Industrial Project
Panattoni Europe’s latest – eighth in a row, record-breaking development in Gliwice for Amazon. The facility was delivered in the BTS formula to serve the e-commerce market. Apart from the enormous space – 210,000 sqm – it has 4 functional storeys featuring state-of-the-art technologies, which are hugely helpful in serving the rapidly growing e-commerce market. Developed on 22.62 ha of plot, the new building is a 317 m long, 182 m wide and 26.7 m high. The office takes up 7,500 sqm. The floor area is as big as 29 football fields.
Category: Office Project
The investment in Warsaw’s burgeoning residential and leisure district of Powisle includes the restoration of the historical power plant and its redevelopment into a retail and leisure destination, with the creation of three new class-A office buildings, luxury apartments and a boutique hotel totalling 50,000 sqm.
Category: Warehouse Investor
M7 Real Estate is a pan-European investor and asset manager managing €9.4 billion in assets across 28 mandates comprising c. 1,500 assets across 132 million sq. ft. M7 conducted a series of acquisitions in 2019 for their new M7 Polish Active Fund (“M7 POLAF”). In one transaction it acquired five office, light industrial and logistics assets in Poland for a total of €65 million in three separate transactions.
Category: Office Investor
Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Romania and in Poland. Globalworth acquires, develops and directly manages high-quality office and logistics/light-industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe.
Category: Cross Sector Investor
Griffin Real Estate is the largest and most active investment manager in private equity real estate in CEE. Griffin originates and manages private equity- type investments into real estate-related companies and assets. Griffin invests on behalf of both its owners and its renowned international investors. The gross asset value of Griffin-managed investments across nine different platforms exceeds €5 billion. Over the last several years Griffin has been the most active and innovative investor in the region, introducing to the market several new concepts and formats.
Category: Investment Asset Management Company
Europa Capital is a dedicated real estate investment manager focused on the European markets. We specialise in investment through both equity and debt strategies where we employ our real estate asset management skills and experience to maximise value in all property classes across Europe. Since its formation in 1995, Europa Capital has collectively raised ten real estate funds and committed to over 130 transactions totalling more than €11.3 billion across 20 European countries. Europa Capital is majority owned by Mitsubishi Estate Co. Ltd, one of the world’s largest real estate groups, which is a strategic investor alongside Management.
Category: Opportunistic Investor
Griffin Real Estate is the largest and most active investment manager in private equity real estate in CEE. Griffin originates and manages private equity- type investments into real estate-related companies and assets. Griffin invests on behalf of both its owners and its renowned international investors. The gross asset value of Griffin-managed investments across nine different platforms exceeds €5 billion. Over the last several years Griffin has been the most active and innovative investor in the region, introducing to the market several new concepts and formats.
Category: Value Add Investor
Europa Capital is a dedicated real estate investment manager focused on the European markets. We specialise in investment through both equity and debt strategies where we employ our real estate asset management skills and experience to maximise value in all property classes across Europe. Since its formation in 1995, Europa Capital has collectively raised ten real estate funds and committed to over 130 transactions totalling more than €11.3 billion across 20 European countries. Europa Capital is majority owned by Mitsubishi Estate Co. Ltd, one of the world’s largest real estate groups, which is a strategic investor alongside Management.
Category: CORE+ Investor
Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Romania and in Poland. Globalworth acquires, develops and directly manages high-quality office and logistics/light-industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe.
Category: CORE Investor
CA Immo specialises in office properties in Central European capitals. The company covers a broad value chain in the field of commercial real estate: leasing, managing and developing properties based on a high degree of in-house construction expertise. Founded in 1987, CA Immo is listed on the ATX index of the Vienna Stock Exchange.
Category: Investment Deal €20-50 million
The sale of Renaissance building in Warsaw for €37.5 million to KanAm reflected significant gains to the investor GLL Real Estate Partners (acquired in 2012 for €27 million), and has set the current benchmark of 4.5 percent for prime office yields in Warsaw.
Category: Investment Deal €50 million +
CA Immo signed and closed a Sales and Purchase Agreement to acquire the centrally located Warsaw Spire C office building comprising of 21,700 sqm GLA in Warsaw, Poland. The transaction volume of the fully rented landmark Class-A property amounts to around €100 million, the annual gross rental income reaches around €5.4 million. With this transaction, CA Immo takes another step in its CEE core market expansion strategy, setting the path for continued growth of the companies´ recurring earnings.
Category: Investment Deal €100 million +
IMMOFINANZ successfully finalised the acquisition of the Warsaw Spire Tower through the purchase of the respective real estate holding companies. The sellers are the Ghelamco Group, which completed the tower in 2016, and Madison International Realty, a global real estate private equity firm. The agreed property value for the office tower equals roughly €386 million. The expected annual rental income based on invoiced rents totals approximately €19.6 million.
Category: Eastern European Industrial Project of the Year
The industrial park is located 25 km away from Minsk, the capital of the Republic of Belarus, in a unique natural complex and in close proximity to the international airport, railway lines, and the Berlin-Moscow transnational highway. In the territory of the park it is planned to place production and residential zones, office buildings and shopping malls, financial and research centers. The project is developing with interstate Chinese-Belarusian cooperation according to the signed relevant intergovernmental agreements. Any companies regardless of capital country origin can act as a resident of the industrial park.
Category: Investor of the Year
IMMOFINANZ is a commercial real estate group whose activities are focused on the retail and office segments of seven core markets in Europe: Austria, Germany, Poland, Czech Republic, Slovakia, Hungary and Romania. The core business covers the management and development of properties, whereby the STOP SHOP (retail), VIVO! (retail) and myhive (office) brands represent strong focal points that stand for quality and service. The real estate portfolio has a value of about €4.5 billion and covers more than 210 properties. IMMOFINANZ is listed on the stock exchanges in Vienna (leading ATX index) and Warsaw.
Category: Professional of the Year
Robert Dobrzycki, CEO Panattoni Europe opened the company’s Central European office 14 years ago. Under his management, the company built more than 8,5 million sqm of warehouse and industrial space in Europe. He successfully implements the company’s ambitious plans of supporting the local business community by delivering multi-functional buildings for a wide range of customers.