EuropaProperty is proud to announce the winners of the 2019 CRE Awards
03 February

Budapest, Hungary, 2020 – EuropaProperty.com has announced the winners of the 2019 CRE Awards. Today the financial and economic challenges of the commercial real estate sector can be more uncertain and demanding than ever, but despite this so many companies are flourishing and achieving incredible success for themselves and their customers. In this way the CRE Awards provides all winners with the opportunity to be recognised for their hard work and commitment and share their successes with industry peers, teams and clients.

The CRE Awards celebrates excellence in the commercial real estate sector. Judged via a rigorous evidence-backed process on the success and market excellence of all nominees, these awards acknowledge the contribution of the commercial real estate profession in enhancing the reputation of commercial real estate companies operating around the CEE region.

Major winners included WING, CPI Property Group, Redwood Holding, CTP Invest, Eston International, IMMOFINANZ, CEETRUS and Horizon Development.

WING was recognised by the jury for its ambitious investment activity – a highlight of which was its entry into Poland, with a 56 percent acquisition of Echo Investment. The Investment Deal of the Year also went to WING for its acquisition of Infopark Buildings B, C and I in Budapest, and the company’s CEO Noah Steinberg walked away with the coveted Overall Professional of the Year award.

The developer and investor CPI Property Group also scooped up a couple of the main prizes including Office Project of the Year for their recently opened Balance Hall as well as Office Developer of the Year. Other project winners included Property Market, winning in the Residential Developer and Development categories for BudaPart Homes A and C.

Horizon Development won a Future Project award for the soon to be revitalised luxury residence Szervita Square Building in Budapest. Redwood Holding won the Future Hotel Project award for their Hard Rock Hotel Budapest development. The company was also recognised as Hotel Developer of the Year. The Hotel Project award went to the spectacular renovation of the Párisi Udvar Hotel Budapest by Párizs Property.

Retail Project of the Year went to CEETRUS for their niche development Le Garage 1.0 – part of a bigger and more ambitious mixed-used development set for Hungary. CTP Invest won Industrial Project of the Year for CTPark Budapest West. The company also walked away with the Warehouse Developer of the Year award.

Consultancy Eston International collected Agency of the Year as well as Property Management Firm of the Year, and Cushman & Wakefield walked off with the Project Management Firm of the Year award. The Professional Woman of the Year award went to HB Reavis’ Mariann Toth.

Other company winners included New Work, which picked up the Professional Service Provider of the Year. Dentons received the Law Firm of the Year award and IMMOFINAZ won the Retail Developer of the Year.

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 coffeeshop retailer Starbucks. 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.

Commenting on the success of the winners, Craig Smith, CRE Awards Organiser, said: “Having become an established leader, the CRE Awards are a chance for our winners to reap the rewards their hard work deserves. It is with great pride that I wish all the winners a hearty congratulations and best of luck for the future.”

EuropaProperty prides itself on the validity of its awards and winners. The awards are given solely on merit and are awarded to commend those most deserving for their ingenuity, hard work, and success distinguishing them from their competitors and proving them worthy of recognition.

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 better.

The 4th annual CRE Awards will be held on January 28th, 2021.

 

Full List of CRE Awards Winners for 2019

Retailer

Starbucks

AmRest Holdings SE is the largest independent restaurant operator in Central and Eastern Europe with a growing international presence. Since 1993 it has been building a portfolio of well recognized, power brands such as Starbucks based on solid franchise and joint venture partnerships. Today, AmRest operates about 2,015 category leading Quick Service and Casual Dining restaurants.

Professional Service Provider

New Work Offices

New Work was established in 2012 and has embarked on an ambitious journey. New Work offices are places of power for businesses to launch, grow and succeed. New Work believes that finding a home for your business should be as easy as booking a room in hotels and that its clients should not be served, but cared for. From one location in Budapest, to over 20 in five countries, New Work is continuing to share the dream of living with more and more teams, companies and achievers.

Law Firm

Dentons

The Dentons team has particular experience in managing complex domestic and cross-border real estate matters. As part of over 1,400-strong Dentons’ global Real Estate group, the Real Estate practice in Budapest provides a one-stop shop services for clients seeking property law advice on the ground, as well as a consistent approach to their complex issues in this field. These advisory qualities have become essential given the increasing trend toward cross-border matters.

Property Management Company 

Presented by: 

ESTON International

In 2010 ESTON launched new services: Property Management and Technical Inspection (including project follow-up without limit of value throughout the country). Since September 2017 ESTON joined the internationally acknowledged Savills as an associate. This professional cooperation helps extend the geographical coverage of ESTON’s high standard services. Design&build offers full-scale service for mid-size companies to have their own space managed by a single entity from the idea to the move-in.

Project Management Company

Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 51,000 employees in more than 70 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $8.2 billion across core services. 

Agency

Sponsored by: 

ESTON International

ESTON International provides full-scale property advisory services on the Hungarian real estate market since 1993. ESTON is considered to hold the largest market share among Hungarian owned real estate advisory companies in the commercial real estate market. The company’s advisory activity covers all segments of commercial real estate market 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 and design&build.

Residential Developer

Property Market

Property Market Ltd., founded in 2015, is a subsidiary of Market Építő Ltd. and the Qatar-based Constellation Holdings Ltd., specializing in real estate development. Management members of the real estate development company with 38 employees have so far successfully completed 52 projects, with a built area of 1.5 million sqm, rented 314,000 sqm of retail and office space and sold 3,200 apartments.

Warehouse Developer

CTP Invest

CTP is a full-service commercial property developer, specialized in the delivery and management of industrial and warehouse properties. CTP provides a variety of property solutions and also offers customized, built-to-suit premises for lease at strategic locations especially near all the capital cities in CEE—ideal for the growing ecommerce and urban logistics sectors. CTP is the owner of the CTPark Network, the largest integrated system of premium business parks in CEE, with over 5.5 million sqm of A-class space in over 95 parks in seven countries.

Hotel Developer

Redwood

Redwood is a privately-owned real estate development company founded in 2016, when several projects were combined into a joint holding company named Redwood Real Estate Holding. Redwood does not specialise in a particular area of real estate development, its current portfolio includes office, hotel and residential developments as well. Redwood’s mission is to launch unique, outstanding projects where needs and dreams are understood and to find the best match between the plot, the function, the environment and the people.

Retail Developer

IMMOFINANZ

Immofinanz has successfully completed the repositioning and modernisation of its VIVO! Bratislava shopping centre. After a renovation period of nearly 12 months during full operations, the opening of the new shops was celebrated today. VIVO! Bratislava now has 170 speciality shops on 36,000 sqm of rentable space, with many new tenants. The food retailer Lidl and the fashion retailer LPP Group have joined as anchor tenants, and the overall offering has been increased by 20 new brands. Immofinanz has invested roughly €25 million in the modernisation and renovation of the facility, which previously operated as the Polus City Center in Bratislava.

Office Developer

Sponsored by: 

CPI Property Group

CPI Property Group is the leading property owner in the Czech Republic, Berlin and Central and Eastern Europe. CPI's PG portfolio consists of over 366 properties spread across 11 countries. CPI Property Group owns and manages a large portfolio of high-quality real estate with a value of EUR 7.9 billion. CPI Property Group's first-half revenue of EUR 322 million, an increase of 13 percent year-on-year, maintaining its dominant position in the Czech Republic, Berlin and the CEE region.

Investor

Presented by:

WING

In 2019 WING, celebrating its 20th anniversary this year, is Hungary’s leading property company. Building on its success in the Hungarian real estate market, it has identified international expansion as its next strategic goal. With acquiring the majority holding of Echo Investment the largest Polish real estate developer WING has taken a major step forward in this direction and it is now a group that is significant at the regional level.

Investment Deal

Presented by: 

Infopark Buildings B, C and I, Budapest - WING

WING, one of Hungary’s leading, privately owned real estate developer and investor, further increased its footprint on the South Buda office market with the acquisition of Infopark’s B, C and I office buildings, along with adjacent parking garages B and D. Along with the purchase of Building D in 2018, WING has become Infopark’s majority owner, and now close to 50,000 sqm belong to the company there. Apart from their excellent location, the office buildings’ appeal is also boosted by the services they offer: the parking garages which were part of the transaction, the restaurant and the roof garden.

Residential Project

BudaPart Homes 'A' and 'C' - Property Market - Hungary

With their BudaPart project, Property Market is working on the creation of a new unique neighbourhood in Budapest on Lágymányosi Bay, on about 54 hectares. The development area covers 23 hectares, of which 17 is a buildable area, so combined with the future public parks, almost half of BudaPart, 26 hectares, will remain a green area, including the area of Kopaszi Dam. The investment area of BudaPart is slightly larger, as the developer is also carrying out a number of utilities and transport infrastructure developments in the surrounding public areas. With approximately 10 years of investment in a maximum of 7 phases, Property Market plans to develop a total of 15 residential and 13 office buildings, and a hotel.

Hotel Project

Párisi Udvar Hotel Budapest - Párizs Property - Hungary

Once home to Budapest’s first modern shopping mall, inspired by the Parisian ‘Passage des Panoramas’, the one-of-a-kind building has continuously evolved. In 2019 Párisi Udvar Hotel Budapest joined the brand of The Unbound Collection by Hyatt to open its doors for future guests and to revive the vibrant atmosphere of the early 20th century. The elegant bedrooms are designed and inspired by many aspects of Budapest’s culture: from the architecture with its mixed geometry and distinct green Zsolnay tiles, through the majestic Danube flowing nearby, to the Avant-garde spirit of Hungarian artists and of 1900s Paris. Decoration in the bedrooms are all tailor-made.

Industrial Project

Presented by:

CTPark Budapest West - CTP Invest - Hungary

Once home to Budapest’s first modern shopping mall, inspired by the Parisian ‘Passage des Panoramas’, the one-of-a-kind building has continuously evolved. In 2019 Párisi Udvar Hotel Budapest joined the brand of The Unbound Collection by Hyatt to open its doors for future guests and to revive the vibrant atmosphere of the early 20th century. The elegant bedrooms are designed and inspired by many aspects of Budapest’s culture: from the architecture with its mixed geometry and distinct green Zsolnay tiles, through the majestic Danube flowing nearby, to the Avant-garde spirit of Hungarian artists and of 1900s Paris. Decoration in the bedrooms are all tailor-made.

Retail Project

Le Garage 1.0 - CEETRUS - Hungary

Le Garage – EAT & MEET is a fresh concept from Ceetrus Hungary Ltd, where one can taste delicious meals in a pleasant environment and in excellent company. Le Garage unites a design container restaurant and food trucks offering a selection updated every week. In the container restaurant, á táble boulangerie & patisserie ensures a consistent, high-quality gastronomic experience, while Food Truck Show Hungary provides a varied selection of street food. Le Garage is entirely free of plastic: the cutlery are made of wood or PLA, the packaging of cardboard, while the cups of biodegradable PLA, which we collect selectively.

Office Project 

Presented by:

Balance Hall - CPI Property Group - Hungary

The crowning of the Balance Office Park project is the Balance Hall office building. The BREEAM very good-certificated Balance Hall office building was handed over at the end of November 2019. The 16,000 sqm building meets all the requirements of the 21st century with spacious, modern interiors, user-friendly and environmentally-friendly high-tech solutions, and a wide range of environmentally-friendly and comfortable amenities. With this latest building, the Balance Office Park expands to a nearly 35,000 sqm office complex.

Future Project 

Sponsored by: 

Szervita Square Building - Horizon Development - Hungary

Szervita Square Building is the most anticipated premium development in downtown Budapest with a total area of 12,500 sqm and a planned completion date of Q4 2020. The mixed-use building will feature three functions: retail spaces on the ground floor, the mezzanine and the -1st floor; office premises on floors 1, 2, 3 and 4; as well as luxury residential units on floors 5 and 6. Underground levels -2, -3, -4 and -5 will accommodate 240 private and public parking spaces. The modern 7-story property – with its unique shape and colour palette, lightweight and ethereal structure, soft façade contours and reflecting surfaces – will fit organically in its UNESCO World Heritage listed, historic setting of famous Hungarian Art Nouveau structures.

Future Hotel Project

Hard Rock Hotel Budapest - Redwood - Hungary

In the brand’s strong European expansion Hard Rock Hotel Budapest is the first sample hotel for Europe and it is the first operated hotel of Hard Rock International in Europe. Hard Rock Hotel Budapest will open its doors to its local and international guests in 2020. HRH Budapest will accommodate guests in a total of 136 rooms in 7 categories, on 7 floors. HRH Budapest will house a restaurant with state- of-the-art kitchen and a unique local and American menu, a lobby bar and Premium café, two conference rooms, a multifunctional roof top event centre and a Rock Shop selling exclusive Hard Rock merchandise

Well Project of the Year 

Sponsored by:

Budapest One Business Park - Futureal Group - Hungary

A 65,400 sqm office park with a unique facade and structural design located at Őrmező, Budapest’s “western gate”. The area is easily accessible and contains Hungary’s largest multimodal transport intersection. The city centre can be reached via direct links in under ten minutes. The outstanding service environment of the offices will be further enhanced by the ongoing development of the Kelenföld district. Just a few minutes’ walk from the Budapest ONE Business Park is the 55,000 sqm Etele Plaza, currently under construction, which will cater for all the needs of both local residents and workers in the area. The building itself is also designed with relaxation and downtime in mind and features a spacious interior garden.

Professional Woman of the Year 

Sponsored by: 

Mariann Toth - HB Reavis

A 65,400 sqm office park with a unique facade and structural design located at Őrmező, Budapest’s “western gate”. The area is easily accessible and contains Hungary’s largest multimodal transport intersection. The city centre can be reached via direct links in under ten minutes. The outstanding service environment of the offices will be further enhanced by the ongoing development of the Kelenföld district. Just a few minutes’ walk from the Budapest ONE Business Park is the 55,000 sqm Etele Plaza, currently under construction, which will cater for all the needs of both local residents and workers in the area. The building itself is also designed with relaxation and downtime in mind and features a spacious interior garden.

Professional of the Year

Noah Steinberg - WING

Noah Steinberg, chairman and CEO of WING has consistently represented the highest standards of professionalism and ethics while achieving outstanding business results since the company’s establishment in 1999. He has built WING into Hungary’s leading local property company in terms of development, investment and financial performance.

 

Contact Information

Craig Smith

Email: craig@EuropaProperty.com
Phone number: +48 577 100 620

Zlatina Mikołajczyk

Email: support@europaproperty.com
Phone number: +48 509 267 665