Budapest, Hungary, – Today the financial and economic challenges for the commercial real estate market 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 celebrate 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.
The major winners of the CRE Awards included leading market players WING, AFI Europe Serbia, Property Market, Adventum Group, CBRE and Newmark.
WING was recognised by the jury for its ambitious development and investment activity. The company collected awards in the office and retail sectors. On the project side, Gobuda Mall won in the Refurbishment/Extension category. The company also collected the Office and Retail developer awards.
Adventum was recognised as Investor of the Year on the back of its busy investment activity throughout the region. The jurors highlighted this by awarding the company in the Investment Deal category for the acquisition of 18 Tesco properties in Hungary and the Czech Republic.
Hungary’s Indotek Group was also recognised for its record-breaking acquisition of GTC’s office portfolio in Belgrade. AFI Europe Serbia was also lauded for its successful investment and development strategy in Belgrade.
Newmark picked up the Professional Service Provider of the Year, and the company’s Managing Partner Valter Kalaus walked away with the coveted Overall Professional of the Year award.
The developer Property Market scooped up a couple of the main development prizes including Office Project of the Year for BudaPart City and Residential Development for BudaPart Residential “E”. The company also received the Residential Developer award.
Horizon Development won the mixed-use development award for the revitalised luxury project Szervita Square Building in Budapest. Redwood Holding won the Hotel Project award for their Hard Rock Hotel Budapest development. Future Project of the Year went to Academia by the joint venture of Europa Capital/ConvergenCE in Hungary and on the PRS side AFI Europe Serbia’s Skyline AFI Home in Belgrade also received high praise and recognition.
Highlighting changing market dynamics and end-user needs, an awards section was dedicated to the industrial and warehouse sectors with some of the region’s biggest players recognised here. Panattoni, CTP, InPark and HelloParks were all awarded for their hard work and expansions throughout the region.
InPark won Industrial Project of the Year for InPark Gyula Industrial Park. CTP walked away with the Warehouse Developer of the Year award. Panattoni won the Best BTS Developer award, and Warehouse Project of the Year went to HelloParks Fot Budapest North – FT1.
Consultancy CBRE collected Agency of the Year, as well as Project Management Firm of the Year, and Eston International walked off with the Property Management Firm of the Year award. Other company winners included CPI FM taking the Facility Management Firm award and CMS received Law Firm of the Year. Óbuda Group – Óbuda Építész Stúdió won Architectural Firm of the Year and Bank of the Year went to Erste Group.
Accentuating the interest in the region’s e-commerce sector, a few key online retail companies were shortlisted. The eventual winner of the Retailer/e-commerce of the Year award went to fashion retailer Koton.
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 the 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.
To learn more about the award winners and to gain insight into the working practices of the “best of the best”, please visit the CRE Awards website (www.creawards.net) where you can access more information about the winners and the event.
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 5th annual CRE Awards will be held on October 19th, 2023.
Full list of Winners
Professional Service Provider
Óbuda Group – Óbuda Építész Stúdió
Facility Management Firm
Project Management Firm
Property Management Firm
Erste Group Bank
Best BTS/Manufacturing Developer
AFI Europe Serbia
AFI Europe Serbia
Adventum Group acquired a regional portfolio of Tesco assets
GTC sold the Belgrade office portfolio to Indotek Group
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