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4.03.2008

Palladium takes 'Building of the Year' honours at CEE Quality Awards


The Palladium development in Prague developed by European Property development was the major winner at the 5th Central & Eastern European Real Estate Quality Awards in Warsaw last Wednesday night, taking home CEEQAs for Retail Development of the Year and over all Building of the Year completed for occupation in 2007.

Tuesday 4 March 2008

The Palladium development in Prague developed by European Property development was the major winner at the 5th Central & Eastern European Real Estate Quality Awards in Warsaw last Wednesday night, taking home CEEQAs for Retail Development of the Year and over all Building of the Year completed for occupation in 2007. The global agent Jones Lang LaSalle was also in the spot light, scoring a hat trick of three Agency of the Year CEEQAs in a row (and four out of the last five years) and Arup also took home two awards – the Green Initiative award for ‘mobilising and encouraging sustainability as a standard practice in Central & Eastern European real estate’ and for Commercial & Construction Services Company of the Year.

The full house of 560 senior executives from across Europe saluted John Cutts, founder and chairman of retail and industrial developer Parkridge and Cice Chairman Europe of ProLogis, winner of the fifth CEE Lifetime Achievement Award for significant and durable contribution to the sector. The award was presented to him by sponsors Financial Times and the event’s first Lifetime Achievement winner Eugene Golub, founder and chairman of Chicago real estate giant Golub & Co and one of the sector’s true pioneers.

Television presenter Monika Richardson joined CEE Quality Awards Managing Director Richard Hallward on stage to present the awards for outstanding performance and achievement in real estate across ten countries in Central & Eastern Europe in 2007. A total of 16 awards were presented to the best projects, companies and people, nominated by the sector’s professionals and judged by a jury of well known senior industry figures from major investment and finance, development and consulting companies active in the CEE arena.

The event was hosted at the magnificent new Hilton Warsaw Hotel & Convention Centre, which picked up the award for CEE Real Estate Hotel & Leisure Development of the Year, while Romania also scored a notable victory with Baneasa Business & Technology Park taking home the Office Development of the Year award. The award for Industrial & Logistics Development of the Year went to Panattoni Park Lodz in Poland, and Poland also picked up the Residential Development of the Year award with Angel Plaza in Krakow, Poland taking the honours.

In the CEE Company of the Year awards GTC (Developer of the Year, for sustained and consistent delivery and growth) and GLL Real Estate (Investor of the Year, primarily for staking big bets in Hungary in buying 10% of stock while the market was asleep) were also big winners, and Irish investment in the region paid off as AIB/Bank Zachodni WBK walked away with Banking & Financial Services Company of the Year. Salans continued their march across the region as they scooped the Legal & Consulting Firm of the Year award, and Architect of the Year was Chapman Taylor. Eli Alroy, founder and chairman of developer GTC, was on stage for the second time in the evening when he received the award for CEE Real Estate Industry Professional of the Year.

Earlier in the day senior figures in the market gathered for The Green Debate, a CEE Insight Forum looking at ways in which the CEE real estate sector can address the challenges of climate change and urban sustainability. To the sound of chirping birds and “the worlds first zero emissions stage” covered in grass, plants and flowers, leading property lawyer Pawel Debowski led a series of headline presentations and panel debates panting a picture of world class sustainability.

The Green Debate audience was welcomed by the City of Warsaw’s representative on the C40 Large Cities Climate Leadership Group, Leszek Drogosz, who offered an insight into the sustainability goals and efforts of Poland’s capital including a close alliance with the Clinton Climate Initiative, while admitting the city had a number of serious challenges to confront in moving these challenges forward. The opening presentation The Future is Green by Key note speaker Professor Bob Evans, Director of the Sustainable Cities Research Institute in the UK, took the audience on a trip through the cornerstones of the case for rapid progress on the issue, sketching the scientific and political backdrop and key elements of a productive urban sustainability approach – and where the private real estate investment sector fits in; while Associate and senior engineer Andy Mace of award winning company Arup followed the theoretical view with a practical insight into execution and best practice initiatives with the renowned Dongtan Eco-city project, the world’s first zero emissions city. Research and policy head Thomas Beyerle of top international investor DEGI told the audience how the supply chain was beginning to rattle on the issue with the combination of scientific evidence and the momentum of industry research, information and increasing practice on the ground, which was impossible for investors as well as tenants and therefore developers and suppliers to ignore.

At the evening gala the large crowd as well as the award winners were Lost in Music as an outstanding array of production and entertainment highlights swept through the evening, not least the legendary band Sister Sledge who were flown in from Philadelphia to groove the event into the night with their archive of global hits.

“This is now indisputably a world class event for an increasingly world class sector, and we want out audience to see what world class is in every aspect – from bricks and mortar to vocal projection,” said Hallward, “by all accounts we achieved that this year, it was wonderful to see so many of the sector’s leaders here and more than a few European and global industry leaders to boot. It was a fantastic evening and ell done to all the winners!”

Link to original article: http://www.europe-re.com/system/main.php?pageid=2616&articleid=10749