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Commercial Real Estate News Volume 4 No 4 (37) April 2010 RETAIL FOCUS The awards were witnessed by 450 top industry professionals CEE RETAIL A W ARDS Pawel Debowski, Clifford Chance Martin Erbe, WestImmo Daniel Harris, MGPA and the region as a whole, is very much an active market and one that we hope to be continually involved with, added Daniel Harris. Retail developer Parkridge continued their success from last years event marching off with two awards including Developer of the Year and Project of the Year, in the medium category, for their project Focus Mall Piotrkow Trybunalski in Poland. The second annual EuropaProperty CEE Retail Other projects awarded on the night included JWK Groups Real Estate Awards, which highlighted the Alfa Centrum in Poland for Shopping Centre of the Year in best commercial retail real estate companies, the small category, Atrium European Real Estates Militari retailers and projects in the CEE region for Shopping Center in Romania for Retail Park Development, 2009, upped the ante at this years event by Fashion House Sosnowiec 3rd Phase, by Polonia Property giving away an unprecedented 27 awards. Funds, received the Factory Outlet of the Year and Centrum Development and Investments Renoma Department Store The awards, held on February 11th at the five-star in Poland won Refurbishment Project of the Year. Intercontinental Hotel Warsaw, were awarded by an inter- Other winners for the retailer specific awards included: national academy of jurors, comprised of senior industry Sephora, Alma Market, Deichmann and Coffeeheaven, who professionals, in four different categories consisting of retailer, won the Café-Fast Food Retailer of the Year for the second company, project and overall awards. year in a row. One of the big winners of this years event, which saw a lot Westdeutsche ImmobilienBank collected the Bank of the of companies collect more than one award, were TK Maxx. Year for the second year in a row. Managing Director Martin The fashion retailer walked off with three prizes, the largest Erbe cited WestImmos greater commitment to Central and haul of the night. They received awards in the categories of Eastern Europe and the further rise in its financing activities Fashion Retailer of the Year (over 500 sqm), Newcomer of the in the region compared with 2008 enabled it to beat off the Year and were voted the Overall Retailer of the Year. competition and successfully defend its title in 2009. I would just like to say Ive had a fantastic time and WestImmo would like to thank its customers and partners met some fantastic people, commented TK Maxxs Scott for the trust and cooperation they have given us. We are Stevenson on the companys night of recognition. We look proud to have won this award, demonstrating as it does that forward to an amazing future in the region and we would our customers recognise us as a reliable fi nancing partner, like to thank everyone who has supported us all the way. said Claus-Jürgen Cohausz, member of the managing board Other big winners included ING Real Estate Development of WestImmo. Europe, who won for their shopping centre Allee in Budapest, EC Harris picked up their Project Management Firm in the large category, and ING Real Estate Investment of the Year award for the second year in a row. Catherine Management CEE, who picked up the Overall Company of Tobiasinsky, Head of Retail at EC Harris commented: To the Year award. receive this award again signifies our retail sector expertise Developer TriGranit won two awards for their shopping in the region. centre project in Krakow. Bonarka City Center was awarded A big cheer for the winners of the Tax and Financial Adviser Shopping Centre of the Year in the Mega category and was of the Year, a new category, went to TPA Horwath. Were also voted Overall Retail Project of the Year. surprised 2009 could end up so well. TPA has had quite a The Overall Professional of the Year award went to a genu- significant share in the market cumulating in an excellent inely surprised Daniel Harris of MGPA. On collecting the year in CEE. I would like to thank our clients and investment award he said: To be honest Im flabbergasted. funds who have had the courage to buy product in 2009, said MGPA also received the Investor of the Year award largely the companys Wojciech Sztuba on collecting the award. on the back of the companys acquisition of three Mayland Additional company awards were presented to DTZ, who developments in Poland. In 2009 MGPA showed that Poland, won Agency of the Year as well as the Property Management Industrys leading lights recognized at the second annual EuropaProperty CEE Retail Real Estate Awards Gala 14 OFFICE SPACE LISTINGS IN POLAND see inside! April 2010 Volume 4 No 4 (37) Monthly News Published by NEWS Poland well positioned to thrive Poland took centre stage for the first time at this years international real estate fair MIPIM. As a result, the country witnessed many events arranged for partic Commercial Real Estate News Volume 4 No 4 (37) April 2010 Salans advises Bonduelle Group in connection with its investments in Ukraine Salans has acted as a legal advisor in Ukraine to Bonduelle Group, in relation to its investment in the construction of a factory producing canned and frozen vegetab Commercial Real Estate News Volume 4 No 4 (37) April 2010 European housing showing signs of recovery Signs of recovery are visible in some European housing markets, especially in sales levels and prices, says the latest RICS European Housing Review. A significant number of European residential marke Commercial Real Estate News Volume 4 No 4 (37) April 2010 ProLogis leases nearly 70,000 sqm of distribution space in Central Europe ProLogis has announced that it has signed five new lease agreements in Central Europe, covering 68,800 sqm. Three lease agreements were signed in Poland, the first with Commercial Real Estate News Volume 4 No 4 (37) April 2010 Poland is well positioned to thrive after growth in 2009 say market professionals at EuropaPropertys Poland Breakfast Forum Poland took centre stage for the first time at this years international real estate fair MIPIM. As a result, the count Commercial Real Estate News Volume 4 No 4 (37) April 2010 The panel agreed that retail will be the strongest sector because the yields are so attractive. Retail has been holding up pretty well and that is coming across in our valuations, Chris Grzesik explained Going into more detail on why to inves Europaproperty.com provides comprehensive and up-to- date news, information and analysis on commercial real estate markets and related businesses. Through our printed and electronic publications, conferences and awards events we cover the whole of Central and Eastern Europe, Russia and the CIS. Subs Commercial Real Estate News Volume 4 No 4 (37) April 2010 FINANCE FOCUS Hypo Real Invest acquires Vyšehrad Victoria offi ce building in Prague Skanska Property Czech Republic is divesting its offi ce project, Vyšehrad Victoria, in Prague to HRI Immobilienfonds, of the Austrian Hypo Real Invest AG, f Commercial Real Estate News Volume 4 No 4 (37) April 2010 FINANCE FOCUS Corio acquires 1.3 billion Multi shopping centre portfolio Corio has purchased a 1.3 billion shopping centre portfolio from Multi. This ranks as one of the largest European retail portfolio transactions recorded to date. Corio w Commercial Real Estate News Volume 4 No 4 (37) April 2010 RETAIL FOCUS Galeria Kaskada GTC and Polnord join forces on retail project in Warsaw Globe Trade Centre S.A. (GTC) and Polnord S.A. (Polnord) have signed a term sheet of a joint venture for the development of a modern shopping centre on a 7 h Commercial Real Estate News Volume 4 No 4 (37) April 2010 RETAIL FOCUS The awards were witnessed by 450 top industry professionals CEE RETAIL A W ARDS Pawel Debowski, Clifford Chance Martin Erbe, WestImmo Daniel Harris, MGPA and the region as a whole, is very much an active market and one that we ho Commercial Real Estate News Volume 4 No 4 (37) April 2010 RETAIL FOCUS of the Year award. Chapman Taylor picked up Architectural Firm of the Year, Clifford Chance was awarded Law Firm of the Year and First Title took home the Professional Service Provider of the Year award. AWARD WINNERS Commercial Real Estate News Volume 4 No 4 (37) April 2010 RETAIL FOCUS TriGranit share holders inspect Arenas construction progress IKEA s Port Lodz Arena Centar works ahead of schedule A delegation of TriGranit shareholders and executive management recently visited Zagreb to inspect the constructio Commercial Real Estate News Volume 4 No 4 (37) April 2010 RETAIL FOCUS Korczowa Dolina Serdika Center Korczowa Dolina offers new commercial venue for trading with Ukraine The investors of Korczowa Dolina Distribution Centre have recently received a building permit to construct the distribution centr Commercial Real Estate News Volume 4 No 4 (37) April 2010 RETAIL FOCUS Multi Corporation sells 35 percent of Forum Mersin to Union Investment for 68 million Multi Corporation and Union Investment have finalized an agreement to purchase the remaining 35 percent of the shares owned by Multi. Union Inv Commercial Real Estate News Volume 4 No 4 (37) April 2010 RETAIL FOCUS Polands first Family Point opens in Wroclaw Polands first Family Point has opened its doors in Wroclaw. The 9,000 sqm centre is one of only a few retail parks in the country and features a total of 17 shopping and recreational ou Commercial Real Estate News Volume 4 No 4 (37) April 2010 EuropaProperty presents the 5th annual SEE Real Estate Awards for 2009 Building on the success of the last four EuropaProperty SEE Real Estate Awards, EuropaProperty is proud to present the fifth annual SEE Real Estate Awards for 2009. The Aw Commercial Real Estate News Volume 4 No 4 (37) April 2010 Segro wins a new customer in Tulipan Park Ostrava The German company Erwin Quarder has become the latest customer in Segros Tulipan Park Ostrava, leasing a total of 4,220 sqm of warehouse space. Tulipan Park Ostrava is being developed on a 4 Commercial Real Estate News Volume 4 No 4 (37) April 2010 European investment volumes up 10 percent over last four quarters says DTZ Reflecting seasonal trends, the volume of commercial real estate investment across Europe posted a 29 percent quarter- on-quarter decrease to 16.3 billion, when compar Commercial Real Estate News Volume 4 No 4 (37) April 2010 Central Europe boosts industrial real estate market Central Europe continues to play a significant role on the industrial real estate map, and despite the rebalancing of the global economy, the market saw a number of major transactions; last Commercial Real Estate News Volume 4 No 4 (37) April 2010 People on the move Kirill Popov appointed as Executive Director at C&W in Russia Cushman & Wakefield has announced the appointment of Kirill Popov as an Executive Director. Kirill will focus on coor- dinating the activities of the offi ce, re Selected Offi ce Buildings in Commercial Real Estate News Poland List your available office space in the May edition of The Wire for only 99. Deadline April 25th. Volume 4 No 4 (37) April 2010 photo name of building address net price (per sqm) class total space /available /minimum available investor Commercial Real Estate News Volume 4 No 4 (37) April 2010 Selected Offi ce Buildings in Poland, cont d photo name of building address net price (per sqm) class total space /available /minimum available investor contact agency contact Advertise your SUBLEASE offi ce space in The Wire for only 99 per The Commercial Real Estate NEWS E.C.E. Property Media ul. Łucka 15, 00-842 Warsaw, Poland iption ubscr t: s ac trial for a lease cont perty.com p pro opa eur eting mark Publisher Craig Smith craigeuropaproperty.co +48 604 144 769 Editorial Director Winston Norman winstoneuropaproperty. +48 (22) 586