Recognizing the importance of South-Eastern Europe’s investment and development markets EuropaProperty was proud to host the 16th annual EuropaProperty SEE Real Estate Awards ONLINE. The live event was simultaneously broadcast using the latest digital technology via the Zoom and YouTube platforms. Guaranteeing that the show must go on, and the top-performing companies from the region could still be recognised for their phenomenal achievements in commercial real estate.
Welcome to the brave new world of ONLINE events
“We at EuropaProperty have become pioneers as well as digital innovators in the field of online events. Like many of our partners, clients and friends we have had to adapt our business model quickly to help in these challenging times. So, I’m very pleased that we have now established ourselves as the number one digital awards event organisers, and have delivered another top-notch event that our clients and partners have come to expect,” commented event organiser and publisher of EuropaProperty, Craig Smith.
Before this current crisis SEE was seen as a potentially very attractive investment and development destination offering a yield premium on the more established CEE markets, albeit for greater risk and more expensive financing. However, despite signs and movement in the market, activity has been hit by the coronavirus. While the impact of the coronavirus pandemic on the real economy has been dramatic, market experts are cautiously optimistic and expect a quick rebound and opportunities post-crisis.
It’s clear that businesses are preparing for a post-COVID renaissance for commercial spaces in the SEE region and the 16th annual SEE Real Estate Awards winners reflected these trends.
AFI Europe was a clear investment and development winner on the night and was recognised by the Jury for its growing presence and multi-platform strategy in the region. The company was awarded in multiple categories including Retail Developer, Retail Project and Mixed-use Project for AFI Brasov & AFI Park Brasov as well as picking up Professional Man and Woman of the Year awards for their CEO Doron Klein and Head of Office Division Emma Toma. The company was also recognised for its acquisition of NEPI’s office portfolio in Romania in the Investment Deal of the Year category.
AFI Brasov was singled out for its excellent design and concept as a modern landmark project, located in the heart of the historic city of Brasov. The complex enables the most convenient business and personal lifestyle options, and a work environment that meets modern lifestyles, creating an all-in-one efficient, destination location.
Forte Partners, another multi-disciplined developer, walked away with the Residential and Office Developer awards. The company was also recognised by the Jury for their successful project deliveries of 2020, winning in the Residential and Office Project of the Year categories respectively for their highly successful Aviatiei Park 2 and The Bridge 3 developments.
Another big investment winner was S IMMO, which won in the Investor of the Year category. The company’s investment strategy throughout the region has displayed continued confidence in the region’s office markets. One deal that highlighted this was its acquisition of the Campus 6.2 and 6.3 office buildings in Bucharest from Skanska.
One of the region’s largest office investors, Globalworth, won the Future Project of the Year award for the soon to be opened Globalworth Square, a very ambitious project designed as a business hub that is focused on innovation and efficiency, in the centre of Bucharest.
Regional industrial developer CTP Invest was awarded, Warehouse Developer. CTP’s portfolio in Serbia and Romania collectively covers 1.278 million sqm. This portfolio is rapidly growing while upholding the highest levels of quality and sustainability in every step of its growth. In this way, the company also walked away with the Industrial Project of the Year for CTPark Bucharest West.
Another project winner highlighting the resilience and confidence in Romania’s hotel sector was the ibis Styles Bucharest City Center by Dentotal Hospitality winning the Hotel Project of the Year award.
Many industry leaders and associated companies from the real estate industry were awarded on the night. Stratulat Albulescu was recognised for its team’s continued legal brilliance and picked up the Law Firm of the Year. Epstein Architecture & Engineering once again walked away with the Architectural Firm of the Year award. Bog’Art received the Professional Service Provider award and Optim Project Management was the winner of the Project Management award.
Other winners included Avison Young, which took hold of the agency side of the business and collected the Agency of the Year award. CBRE won Property Management Firm and Cushman & Wakefield’s Alina Dima beat the competition to win the Property Manager of the Year award and Erste Group Bank was recognised as the region’s Bank of the Year.
EuropaProperty’s esteemed panel of highly-respected business leaders from around the region judged the nominations for the awards categories on their merit and positive impact on the market. World-renowned audit firm EY monitored the scoring and voting process.
Winners
Category: Professional Service Provider
Bog’Art is an integrated building company based in Bucharest and is one of the largest general contractors in Romania. The company is a family business established in 1991 and is a longstanding market leader in civil construction. The company is most reputable for landmark projects requiring complex and innovative technical solutions. Its hands-on management and highly qualified staff promote a client-oriented culture that aims to optimize processes. The company achieves quality performance and timely completion of its projects through its full range of building services.
Category: Architectural Firm
Epstein is an employee-owned firm with over 250 employees worldwide based out of our Chicago Headquarters, with offices in New York, Warsaw, Poland and Bucharest. In addition to Epstein’s significant U.S. experience, the firm has had a continuous presence in Europe since 1971, with a project base of residential, office, retail, industrial and manufacturing facilities, including some of Central Europe’s most recognizable buildings. Epstein’s Bucharest office is composed of 25 architects and engineers with a proven ability to provide turnkey facility solutions for clients.
Category: Law Firm
Stratulat Albulescu is a leading full-service Romanian law firm, providing strategic and innovative legal solutions to both national and international clients across every business sector. Stratulat Albulescu Attorneys at Law team is comprised of lawyers who are role models in their disciplines. The law firm works in close co-operation with highly-respected law firms throughout Europe and elsewhere and has significant experience in cross-border transactions, providing legal advice in the English, French, Italian, Romanian and Spanish languages.
Category: Project Management Firm
After a successful 2019, Optim Project Management has continued to increase its presence in the Romanian and SEE construction markets by strengthening its capabilities in General Design and Construction Project Management in all real estate sectors: office, retail, logistic, industrial, residential, hospitality and leisure. In 2020, Optim Project Management has secured 19 new projects, continued to manage 7 major ongoing projects and brought to completion 19 other ones.
Category: Property Management Firm
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2020 revenues of $23.8 billion and more than 100,000 employees (excluding affiliate offices). CBRE has been included on the Fortune 500 since 2008, ranking #128 in 2020. It also has been voted the industry’s top brand by the Lipsey Company for 20 consecutive years and has been named one of Fortune’s “Most Admired Companies” for nine years in a row, including being ranked number one in the real estate sector in 2021, for the third consecutive year.
Category: Property Manager
With over 11 years of experience in the real estate industry, since April 2019, Alina provides property management services for Eminescu Offices and Mendeleev Office 5, two office buildings of the Akcent Development portfolio, totalling over 11,000 sqm GLA. She is responsible for all the daily operations of the office building.
Category: Agency
After opening the first office in Romania almost four years ago, Avison Young has become one of the most important real estate consulting firms, offering a complete range of services in the real estate sector. Building on the firm’s existing foundations in Europe, in Poland and Romania, Avison Young has opened new offices in Hungary, Bulgaria and, recently, in the Czech Republic, under the coordination of David Canta, Principal Avison Young Romania & Czech Republic.
Category: Bank
Founded in 1819 as the first Austrian savings bank, Erste Group went public in 1997 with a strategy to expand its retail business into Central and Eastern Europe (CEE). Since then, Erste Group has grown through numerous acquisitions and organic growth to one of the largest financial services providers in the Eastern part of the EU in terms of clients and total assets.
Category: Investor
S IMMO AG is a real estate investment company with its head office in Vienna. Since 1987, we have been listed on the Vienna Stock Exchange. S IMMO invests exclusively in the European Union with a focus on capital cities in Austria, Germany and CEE. Around 70 percent of the property portfolio consist of commercial properties (offices, shopping centres and hotels). The remaining 30 percent comprise residential properties. The company aims to make the company consistently more successful, thus creating value for its shareholders.
Category: Investment Deal
AFI Europe operates in Romania, the Czech Republic, Poland, Germany, Bulgaria, Serbia, Hungary and Latvia. AFI Europe Romania is one of the largest developers on the real estate market, its strong position being sustained by the complex commercial and office projects implemented in Romania. Besides the flagship projects developed in the last 14 years, AFI Europe Romania has recently entered the residential market and has various commercial and office undergoing projects throughout the country.
Category: Residential Developer
Forte Partners, one of the most active developers on the Romanian real estate market, was established in 2014 by a group of investors with impressive expertise in the local business environment. The company has developed in Bucharest a portfolio worth over EUR 200 Million with another EUR 200 Million in the pipeline, in both office and residential sectors.
Category: Retail Developer
AFI Europe Romania is one of the largest developers on the real estate market, its strong position being sustained by the complex commercial and office projects implemented in Romania. Besides the flagship projects developed in the last 14 years, AFI Europe Romania has recently entered the residential market and has various commercial and office undergoing projects throughout the country.
Category: Warehouse Developer
CTP Invest Serbia and Romania are part of CTP Group, the largest full-service owner-developer of prime industrial and logistics property in Central and Eastern Europe. CTP’s portfolio in Serbia and Romania collectively covers 1,278 million sqm. This portfolio is rapidly growing while upholding the highest levels of quality and sustainability in every step of its growth.
Category: Office Developer
Forte Partners continued developing projects in line with the company`s strategy of bringing office spaces in the well-established residential areas in Bucharest and residential projects in the thriving business hubs. All of Forte Partners` office projects are sustainable, energy-efficient and are transforming the city and reshaping the lives of the people that work there. In developing its office projects, Forte Partners takes into account all the characteristics of modern office buildings, which include the employees` wellbeing and the care for the local communities.
Category: Hotel Project
The hotel offers 152 rooms of creative design and great comfort. A conference area with natural light, which can host events from 20 to 170 participants, a casual traditional restaurant with a terrace and a lobby bar make the hotel the up and coming business and leisure destination in the centre of Bucharest.
Category: Residential Project
Forte Partners, one of the most active developers on the Romanian real estate market, was established in 2014 by a group of investors with impressive expertise in the local business environment. The company has developed in Bucharest a portfolio worth over EUR 200 Million with another EUR 200 Million in the pipeline, in both office and residential sectors.
Category: Industrial Project
Unique joint venture partnership between Maersk and IB Cargo which is going to operate a DC for IKEA Supply AG for South-East Europe and Turkey. The distribution centre occupies about two-thirds of the largest logistics building in Romania located within CTPark Bucharest West: 75,000 sqm of 140,000 sqm. As all CTP buildings that are built to a minimum BREEAM 2014 ‘very good standard, and a minimum EPC ‘B’ rating, the new building will also integrate all the required features to fit the certification.
Category: Retail Project
AFI Europe Romania inaugurated AFI Brasov in October 2020, the third shopping centre developed by the company in Romania, after previously opened AFI Cotroceni, and AFI Ploiesti. AFI Brasov is a mixed-use project that brings together the largest shopping centre with a total leasable area of 45,000 sqm and rising above, integrated into the mall, 2 “Class A” office buildings, with a total leasable area of 25,000 sqm perfectly designed for potential national and multinational companies from IT&C, BPOs, Outsourcing and Banking sectors.
Category: Future Project
Globalworth Square has a total rental area of approximately 28,000 square metres. The project includes 15 floors of office space, 3 levels for underground parking, and the ground floor will be designed for facilities such as a restaurant and various retail options. Although it will be a hub based on smart efficiency technology, Globalworth Square will provide a contrasting and yet architecturally complementary look, while the façade will be pencilled with vintage accents.
Category: Mixed-use project
AFI Park Brașov is designed to be a landmark project, located in an excellent spot in the city and dedicated to IT&C, BPOs and multinational companies that are aiming to upgrade the work environment and lifestyle of their employees. The complex enables the most convenient business and personal lifestyle, a work environment that meets modern lifestyle, an all-in-one efficient, time-saving immediate location.
Category: Office Project
Forte Partners, one of the most active developers on the Romanian real estate market, was established in 2014 by a group of investors with impressive expertise in the local business environment. The company has developed in Bucharest a portfolio worth over EUR 200 Million with another EUR 200 Million in the pipeline, in both office and residential sectors.
Category: Professional Man of the Year
Originally from Israel, Doron Klein has more than 13 years of experience operating in Central and Eastern European real estate markets, having been based in the Czech Republic for most of that time. He joined AFI Europe in 2008, and since 2011 he has served and will continue to serve, as CEO of AFI Europe’s operations in the Czech Republic and Germany. Doron Klein has an MBA degree from the University of New York in Prague, Czech Republic, and is fluent in Hebrew, English and Czech.
Category: Professional Woman of the Year
Emma Toma has over 15 years in the Romanian real estate market, mainly in residential and office segments. Emma was appointed as Leasing Manager for Office Division of AFI Europe Romania in 2012, being in charge of the leasing of AFI Park, AFI Tech Park and AFI Park Brasov. Emma graduated from the Academy of Economic Studies, with a diploma in Management.