EuropaProperty has concluded its 19th annual SEE Real Estate Awards at the Intercontinental Athenee Palace Hotel in Bucharest, maintaining its unbroken tradition since its inception. The event, hailed as a resounding success, saw AFI Europe, M Core, Forte Partners, and Alesonor clinch multiple awards across various investment, development, and project categories, reaffirming its stature as a pivotal event in the region’s real estate landscape.
M Core emerged as the top investor, recognized for its investment strategy and successful transactions, notably its acquisition of a 25 retail park portfolio in Romania from Mitiska REIM, signaling the region’s appeal as a secure and lucrative investment destination.
AFI Europe Romania secured two awards, one for retail developer and another honoring their CEO, Doron Klein, as the consummate Professional of the Year. Forte Partners earned accolades as Office Developer, with its Bucharest U•Center 2 named Office Project of the Year, showcasing exemplary Class A office developments and innovative sustainable solutions.
Amidst the burgeoning significance of the residential market, Alesonor emerged triumphant as the Residential Developer of the Year, lauded for their visionary projects that redefine urban landscapes. Their crowning achievement, the Amber Forest project on the outskirts of Bucharest, captivated hearts and minds, further solidifying their status as industry pioneers.
Griffes, a local agency, received praise for its outstanding office agency and advisory services, while Cushman & Wakefield Forton and CBRE scooped up awards for Professional Service Provider and multiple categories including Agency and Property Management.
Outstanding projects were celebrated, including myhive Victoria Park by CPI Property Group for best Refurbishment/Extension Project, Fashion House’s Pallady Outlet Phase 2 for Future Retail Project of the Year, and mixed-use developments like Palas Campus by Iulius Group in Romania and Downtown Bursa by Atıs Global in Turkey.
Retail is thriving in Romania, with NEPI Rockcastle leading the charge. Their impressive project, Promenada Craiova, was crowned Retail Project of the Year, showcasing the company’s commitment to excellence. In recognition of his outstanding contributions, NEPI Rockcastle’s Rüdiger Dany was honored with a Lifetime Achievement Award. Meanwhile, Cornelia Nicolae of the FASHION HOUSE Group was acclaimed as the Shopping Centre Director of the Year, further highlighting the industry’s top talent and innovative developments.
Environmental, Social, and Governance (ESG) initiatives were honoured, with fashion retailer AC&co. recognized for innovative sustainable practices. Kaufland was lauded as Retailer of the Year, reflecting the vitality of the retail sector, while Banca Transilvania was named Bank of the Year for its pivotal role in real estate financing.
Industry stalwarts Wolf Theiss, Bog’Art, and Chapman Taylor were acknowledged for their contributions, alongside digital services provider PlanRadar. WDP Group and ELI Logistics Parks received accolades for their excellence in the industrial and logistics sector.
In closing, congratulations were extended to all winners, with anticipation building for next year’s event, promising an even greater celebration of achievements in the region’s real estate industry.
The 20th annual SEE Real Estate Awards will be held on April 3rd, 2025.
Winners
Category: Retailer
Kaufland is an international retail company with over 1,500 stores and more than 155,000 employees in eight countries. Whether in Romania, Bulgaria, Croatia, the Republic of Moldova, Poland, the Czech Republic, Slovakia or in Germany, Kaufland represents the best in fresh produce, has a wide selection of products, and low prices and offers a convenient shopping experience everywhere.
Category: ESG & Sustainability
AC&co. is now present with 350+ stores in 17 countries including Algeria, Azerbaijan, Bulgaria, Germany, Italy, Iraq, Kazakhstan, Kyrgyzstan, Macedonia, Morocco, North Cyprus, Poland, Romania, Somalia, Turkey, Turkmenistan and Uzbekistan. Its goal is to be market-leading in men’s fashion. Furthermore, they want to offer more variation in men’s fashion by offering 360-degree fashion items; distinctiveness with a high standard of quality and with sustainability at the forefront at a reasonable price.
Category: Professional Service Provider
Forton is a premium commercial real estate advisory company and a member of the Cushman & Wakefield Alliance for Bulgaria for the last 19 years. Forton takes pride in being a one-stop destination for all real estate needs. Their comprehensive suite of services spans every segment of the property market, ensuring that our clients have a dedicated partner to meet all their requirements.
Category: Top Digital Services Provider
PlanRadar is an award-winning, digital SaaS field management platform for documentation, task management and communication in construction, facility management and real estate projects. The platform operates across the globe, currently in over 75 markets.
Category: Architectural Firm
Chapman Taylor is a global firm of architects, master planners and interior designers. The Prague studio focuses on delivering design-led, highly sustainable and commercially successful projects in the CEE region and beyond.
Category: Construction Firm
Bog’Art represents a culture of building. To successfully deliver a turn-key project, their group of companies are equipped and organized to the scale of a large corporation, but carry the personal touch of a family business. The fully integrated building services they provide are client-oriented, with a strong focus on applied ingenuity and responsiveness to each project’s needs.
Category: Project Management Firm
CBRE has been operating in the SEE region since 2008 in Romania and since 2018 in the rest of the SEE countries (Serbia, Croatia, Slovenia, Bulgaria, Bosnia & Herzegovina, Montenegro, Albania and North Macedonia). CBRE office is a fully owned corporate office, which is covering the SEE region through five offices, located in Romania, Serbia, Slovenia, Croatia, and Bulgaria.
Category: Property Management Firm
CBRE has been operating in the SEE region since 2008 in Romania and since 2018 in the rest of the SEE countries (Serbia, Croatia, Slovenia, Bulgaria, Bosnia & Herzegovina, Montenegro, Albania and North Macedonia). CBRE office is a fully owned corporate office, which is covering the SEE region through five offices, located in Romania, Serbia, Slovenia, Croatia, and Bulgaria.
Category: Law Firm
Wolf Theiss is one of the leading law firms in Central, Eastern and South-Eastern Europe (CEE/SEE), with a reputation built on a combination of unrivalled local knowledge and strong international capability. The first office was opened in Vienna 60 years ago. Their team now brings together over 360 lawyers from a diverse range of backgrounds, working in offices in 13 countries throughout the CEE/SEE region.
Category: Shopping Centre Director
FASHION HOUSE Group offers an outlet-dedicated, premium quality, experienced team of experts in the fields of Outlet Centre design, development, finance, leasing, operation and management. Consequently, FASHION HOUSE Group has built up a notable following of world-famous branded retail tenants.
Category: Agency
CBRE has been operating in the SEE region since 2008 in Romania and since 2018 in the rest of the SEE countries (Serbia, Croatia, Slovenia, Bulgaria, Bosnia & Herzegovina, Montenegro, Albania and North Macedonia). CBRE office is a fully owned corporate office, which is covering the SEE region through five offices, located in Romania, Serbia, Slovenia, Croatia, and Bulgaria.
Category: Local Agency
Griffes is the largest real estate advisory company with 100% Romanian equity, offering their clients out-of-the-box solutions, and continuous support in all cycles of development, for optimizing premises both for tenants and landlords, in tenant relocation processes, regional expansion or consolidation.
Category: Bank
Banca Transilvania was founded in 1993 in Cluj-Napoca with a capital of 2 billion RON, of which 79% was Romanian and 21% foreign. BT is the largest bank in Romania in terms of assets, with a market share of over 16%. Its activities are organized into four main business lines: corporate banking, IMM, retail banking and medical division.
Category: Residential Developer
Alesonor is a prominent developer of wellbeing communities like Amber Gardens and Amber Forest. With over 21 years of experience in Romania, Alesonor focuses on environmentally responsible mix-use projects residential projects that integrate design, quality and nature.
Category: Retail Developer
AFI EUROPE is part of AFI Properties, a leading real estate development, management and investment company, operating in Central and Eastern Europe. In Romania, the company manages AFI COTROCENI shopping centre, one of the largest and most dominant shopping center in the CEE region, AFI PLOIESTI, AFI BRASOV and the commercial gallery AFI CITY BUCURESTII NOI.
Category: Warehouse Developer
WDP Romania has a strong presence in the local market, with a portfolio of almost 1.7 million sqm. The company’s industrial parks are located throughout the country and in all major urban areas. WDP Romania is a market leader in the development of built-to-suit facilities and in offering customized solutions for companies from various fields, such as manufacturing, retail, pharmaceutical or logistics.
Category: Office Developer
Forte Partners, founded in 2014 and owned by Johny Jabra, Geo Mărgescu and Stephen Burke, is one of the most important real estate developers in Romania. The company has so far developed a portfolio of projects worth over €550 million, both in the office and residential segments.
Category: Investment Deal
M Core made a significant step in entering the Romanian retail market with one transaction, purchasing 25 retail parks located in this country. And from not being present reached the leading position in the Romanian market as a retail park operator.
Category: Investor
M Core is an established, highly profitable group of property investment and management companies. In the United Kingdom, France, Poland, Germany, Spain and now Romania – wherever they operate, they are committed to three things: their investment partners, their tenants and their team.
Category: Future Project
FASHION HOUSE Pallady currently operates on an area of approximately 8,000 sqm, phase 1 hosting dozens of stores of well-known brands. The expansion of the centre which is in the eastern part of Bucharest, strengthens the local presence of FASHION HOUSE Romania and brings top brands, affordable prices and premium quality items even closer to customers. but also, the unique Outlet Centre concept with open-air galleries and distinctive architectural approach, offering an excellent shopping and leisure experience.
Category: Extension/Refurbishment
CPI Property Group modernised the myhive Victoria Park building in Bucharest. The building completes the myhive building portfolio in Bucharest, which includes 4 other properties, including myhive S-Park, myhive Metroffice, myhive IRIDE | nineteen and myhive IRIDE | twenty.
The revamping was completed in around 1 year and included the entire ground floor and the common spaces of the upper floors.
Category: Mixed-use Project
In April 2023, IULIUS Company officially opened its second major urban regeneration project in Iași. Palas Campus is the largest office building in Romania, with a leasable area of 60,000 sqm, and it entailed a capital infusion upwards of 120 million Euro.
Category: Mixed-use Project
The ‘Downtown Bursa’ project is a large mixed-use development located in the heart of Bursa. This project aims to strengthen the city’s social and economic fabric by bringing together the city centre’s residential areas, commercial spaces, and cultural venues.
Category: Residential Project
Amber Forest is the first complete suburb in Romania and encompasses almost 500 green villas, and over 200 green apartments, a 5-hectare park, and various sports, leisure, educational, commercial and work facilities. Spanning 31 hectares of land with only 15% of the built-up area, having the most efficient land use coefficient.
Category: Retail Project
NEPI Rockcastle has invested €136 million in its Promenada Craiova development in central southern Romania which opened in October 2023. The overall retail scheme has a total gross lettable area (GLA) of approximately 80,000 sqm, larger than originally planned due to strong retailer demand for space exceeding the initial projected supply. The scheme comprises a 53,300 sqm GLA shopping centre and a 10,400 sqm GLA retail park, both owned by NEPI Rockcastle.
Category: Warehouse Project
ELI Park Bucharest is designed to reach a total area of 198,365 sqm of class A logistics and industrial spaces in multiple phases. ELI Park Bucharest NW is located in the northern part of the city, along the national road DN7. It has good connections with other european
cities, such as Budapesta, Hungary (834 km), and Ruse, Bulgaria (84 km), and with other major cities such as Constanta (252 km) or Ploiesti (80 km).
Category: Office Project
Forte Partners put in operation, in September 2023, the second phase of the U•Center office project, with a GLA of 35,000 square meters. Last year, leasing agreements were signed for a GLA of over 30.000 sqm in U•Center 2. Leasing agreements were signed for more than 30.000 sqm of the GLA, mainly to big companies in IT & Technology such as Adobe, Glovo, Eurowag, Brinel.
Category: Professional of the Year
Doron Klein is the Deputy CEO of AFI Europe and CEO of AFI Europe Romania and the Czech Republic. He joined AFI Europe in 2008 and since 2011 served as CEO of AFI Europe’s operations in the Czech Republic and Germany. In 2018 Doron was appointed as the CEO of AFI Europe in Romania and in 2023 was appointed also Deputy CEO of AFI Europe. Doron Klein has over 20 years of experience in Real Estate, operating in Central and Eastern European real estate markets.
Category: Lifetime Achievement Award
Rüdiger Dany joined NEPI Rockcastle in July 2021. He became Interim CEO in February 2022 and CEO in June of that year, leading the company through a period of strong growth, demonstrated by record distributable earnings per share and net operating income in 2023. The robust performance since Mr Dany became CEO is validated by the 40 percent growth in NOI operating income achieved since 2022.