The short-list for the upcoming 16th annual EuropaProperty SEE Real Estate Awards and CEO Networking Forum, Southern Eastern Europe’s premier commercial real estate event, dedicated to investment and development, has been announced.
The SEE Real Estate Awards and CEO Networking Forum 2020 will be the region’s first virtual awards show celebrating investment and development excellence. The event will be broadcast via the latest online technology and digital know-how and will be streamed live on April 7-8.
Bringing people together has never been more important and this year’s SEE Real Estate Awards and CEO Networking Forum will create a unique opportunity for everyone to be entertained and share the experience of a highly coveted event, whilst learning about the developments and trends which will help shape the ‘new normal’ going forward.
The eventual winners will be awarded on April 8 2021 live and online to some of the region’s leading investors, developers and real estate professionals.
Industry Preparing for a post-COVID Renaissance?
These are unprecedented times but there is light at the end of the tunnel. To date, COVID-19 has had a severe impact on our lives, our business and society at large. Today we are faced with the enormous challenge to recover from the impact of the pandemic. So now more than ever the importance of promoting the SEE region as an attractive and safe investment destination is paramount.
Before the current crisis investment into SEE was registering substantial increases, and expectations were that investment volumes would reach and exceed previous record volumes, with all of SEE expected to perform strongly.
However, while the impact on the real economy has been dramatic, market experts are cautiously optimistic that the worst has already passed and that transaction activity could resume in the short term.
In terms of asset classes, the warehouse and logistics and residential sectors have been the clear winners so far. Offices might see increased demand for more flex options that offer easy adaptations to increases or decreases in space usage, as well as offer diversification of portfolios.
Across all asset classes, a flight to core and quality can be seen with value-add investments being the first to show repricing and discounts. There are also plenty of non-core assets, both existing and planned, which can be a target for more opportunistic players looking for risk-adjusted yields. As well as plenty of interesting offers representing all property sectors within primary and secondary locations.
Hot spots of demand, driven by shifts to home working and local shopping, are being identified, and are reflected in increased interest for both retail and hospitality sites in cities, commuter towns and a wider development focus on convenience centres. It’s clear that businesses are preparing for a post-COVID Renaissance for commercial spaces in the SEE region.
Currently, the coronavirus pandemic is putting all businesses through unprecedented challenges. In this way, the SEE Real Estate Awards hopes to recognise and appreciate those who have remained faithful to their core values in the face of the crisis and unfavourable market situation.
The event is the only one of its kind with a real focus on the development and investment markets with awards for top investors, investor/developers, bankers, projects and specialized service firms.
Nominations were made online and an independent jury carried out the process of deciding between the nominations for the award categories. The members of the jury are all experienced real estate professionals and are from every sector of commercial real estate in the region.
The shortlisted finalists will have their entries scrutinized and the jury then votes to decide the winners on the night before the gala at a jury dinner held LIVE and ONLINE via the latest digital technology. The event auditor, “EY”, oversees the voting process.
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