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2018 Review

Land of the giants as Skanska and CBRE dominate, Five and Wroclavia lead project gongs at CEEQA 2018

Of all the stories and sub-stories of the CEEQA 2018, the trending headline was rampant domination by two of the world’s largest real estate operators, with Skanska and CBRE enjoying a night of triumph picking up nine awards between them and Heitman’s Gordon Black receiving the sector’s garland award for Lifetime Achievement in real estate.

The standout projects of the year were Skanska’s Five and and Unibail-Rodmaco’s Wroclavia, Jeroen van der Toolen of Belgian developer Ghelamco was named Industry Professional of the Year, and the South African invasion of the sector’s capital markets found its reflection in the entertainment line up at the New Europe property’s sector’s main annual industry showcase in Warsaw on 25th April  >> Full CEEQA 2018 results.

Heavy hitters & world class buildings and Skanska

In a sector that has enjoyed a record year in investment transactions as well as a shift in the volume of high calibre product delivered onto the market, Global agent CBRE won three of the four Agent Awards categories with the Office Agency, Industrial Agency and Capital Markets titles, marking a significant shift in the power base among the global agents active in the sector which spans the 18 emerging post-communist countries known as Central & Eastern Europe and Southeast Europe, stretching  from Estonia in the north to Albania in the south.

In the other Agents category Cushman & Wakefield retained the Retail Agency for the third successive year, while CBRE were also successful as Property Management Company of the Year in the Company Awards section, a record-equalling four awards in total for advisory companies.

But it was the development arm of Swedish based conglomerate, Skanska Commercial Development Europe that shone brightest, lifting five titles on a night of triumph, equalling their own record set in 2014.

The company dominated the Office Development category with three short listed projects, of which their ambitious and innovative Five office project in Prague was victorious, which was also named Green Leadership Building of the Year.

The company made it another one-two in the green building segment with the Green Leadership Company Award as well – an award it has never not won since the inception of CEEQA’s awards for green building innovation in 2008.

Skanska’s sustained monopo0ly in the green building segment over the past decade is becoming a thing of beauty and the stuff of sector legend, the company also picking up the Developer of the Year award, naturally. And eventually sashaying to a seemingly inevitable victory in the Overall Company of the Year award voted by nearly 900 guests on the night.

The only surprise was that the company’s leaders in the region didn’t receive more individual recognition for their outstanding work in recent years, their day will surely come.

It was also Unibail-Rodamco’s year, with their outstanding retail project Wroclavia, in Wroclaw, Poland, collecting both the Retail Development award and overall Building of the Year CEE awards. Other successful buildings in the 2018 edition of CEEQA were  Oregon Park Building B in Bucharest, Romania, picking up the Building of the Year SEE awards, and the Grand Hotel Kempinski Riga restoration in Latvia with the  Hotel, Leisure and Residential Development title.

One of the main characteristics of the 2018 edition was the sheer v0olume of high calibre projects completed during 2017, particularly in the Prague office segment. But also the number of ambitious restoration projects in all building awards categories, notably the hotel segment where more than half the short listed nominees were renovations,  restorations or “renewals”.

Leaping salmon make the grade

Many of the sector’s noted “whales” were also successful this year, with Panattoni Europe taking the Industrial Developer title for the fourth year in a row, another emerging sector story having unseated one of the biggest market whales in ProLogis to assume the position of undisputed king of sheds in New Europe real estate.

German cross-border financier pbb Deutsche Pfrandbriefbank landing the Lender award for the first time in a few years in their see-saw battle with Helaba, which was disrupted for the first time in a decade last year by Erste Bank. Another historic seesaw battle in the Construction Company category saw Strabag regain the title it lost last year to Skanska SA.

Perhaps the biggest market whale of the them all in their segment, global legal practice Dentons, retained the Legal & Financial Services firms award for the ninth successive year including two wins as Salans prior, with the added intrigue that a legal team containing Pawel Debowski has won the award 13 times in the 15 years since CEEQA’s inception as the main industry showcase for the sector in 2003.

But the market whales didn’t have it all their own way. Home grown Czech firms, fund manager CPI Property Group and legal advisors Wilsons, as well as regional project management consultants Sentient, struck blows for the market salmon at the dinner and awards ceremony hosted by Monika Zamachowska for the 10th successive year, which was beautifully serenaded by the Isibane se Afrika gospel choir of Inkcubeko Arts & Culture, flown in especially form the event from Cape Town.

The awards for business achievement during the previous calendar year were judged by a Jury of leading sector professionals an supervised globally trusted consulting firm Deloitte  >> Full CEEQA 2018 results.

Also view the partners special reports on this website’s left panel and visit the photo galleries top right panel.

Sector hero: Gordon Black, a lifetime of achievement

On a star studded evening perhaps the biggest star of the show was Heitman’s Gordon Black who stepped up to receive the sector’s garland award for Lifetime Achievement in Real Estate. The award was presented to him by the previous year’s recipient, Radim Passer of Passerinvest, with Deloitte’s Maciek Krason also assisting with the presentation as lead partner of CEEQA 2018.

As the leader of Heitman’s European Private Equity operations since 1995, Gordon Black has been one of the central figures in the emergence and growth of the CEE and SEE real estate markets for over two decades as he and his team have frequently led the charge of institutional capital investing across the region as the various country markets have cascaded open behind them.

Our congratulations to Gordon on the this deserved recognition for his immense contribution to the sector over the past two decades and  further information >>

Founder & director of CEE, Richard Hallward said:

“Our congratulations to all this year’s winners and short listed candidates on another outstanding year for the sector, and our thanks to all participants, collaborators, jurors and partners for helping to make this the most successful edition of CEEQA to date.”

Maciej Krason, Real Estate & Construction Industry Leader for Deloitte Central Europe, lead partner of CEEQA, said:

“Over 15 years of its presence on the market CEEQA has established unique trust credentials in the real estate sector. As Deloitte we recognize CEEQA’s mission to project opportunities and successes for market participants as values which Deloitte identifies with as well. As Leading Partner of CEEQA, we would like to congratulate all the award winners and wish them further successful and challenging projects in this very dynamic market.“

The full Monty, Morcheeba & entertainment highlights

Gala guests were treated to a mide-ceremony motivational pep talk by guest speaker and a proven winner, legendary South African Springbok rugby player Percy Montgomery.

His speech drew parallels with business and sport in the pursuit of excellence, from the sacrifices made in building the platform for success to the importance of goal setting, teamwork and digging deep when things don’t go right to the rewards of winning big and the focus required to raise the bar and set new records.

Celebrated for the accuracy of his left boot and his electric pace, “Monty” was the first player in South African rugby history to play 100 Test matches for the national “Springbok” team and a decade after his retirement still holds the record for the most points scored by a Springbok player.

A true legend of the game, he was a Rugby World Cup winner for the national team in 2007 among a host of international and provincial rugby honours and more than 90 playing records set over a 12 year first class rugby career.

Leading the evening’s entertainment highlights, one of the great UK bands of the 90s MORCHEEBA was class personified as they lifted this year’s CEEQA Gala crowd after dinner with a rally of their major hits including “The Sea“, “World Looking In“ and “Rome Wasn’t Built in a Day“. Skye has one of the most recognisable voices on the planet and hearing her smooth and effortless tone teamed with Ross’ psychedelic guitar was unforgettable, spellbinding experience.

Due to release its ninth album, the band rose to prominence in the mid-nineties at the forefront of the trip-hop genre, touring the world and selling over 10 million albums across two decades including the hit album “Big Calm”. They did not disappoint.

Top, tail & hospitality

Joining the South African invasion for a pre-dinner concert and beautifully serenading the awards ceremony was this Isibane se Afrika group of gospel singers flown in from Cape Town especially for the occasion,  as was Johannesburg based entertainment legend Jacques Lagesse to serenaded the champagne reception with his unique silky voice and repertoir of crooner staples and contemporary ballads. Regular CEEQA gadlfies, Warsaw based mime troupe Mimello, put in their usual shift of keeping guests amused and moving from the Media Wall to their dining seats.

A superb late night set by Jim Ogden & the Lumberjacks, joined on stage at the end of the set by members of the gospel choir, and the perennial DJ Trent rounded off another unforgettable flagship annual gathering for the New Europe property sector.

But guests continued to storm the bars and hang out in the Pulp Fiction Room or at the numerous sponsored bars until the crack of dawn, or adjourned to nearby Warszawa Wschodnia for the after-after-party.

The wines for the event were provided by Mielzynski and the Perinet winery in Spain, with catering provided by Belvedere, the commotion partner was the Bristol Hotel Warsaw. The champagne was sponsored by Panattoni Europe and provide by Moët & Chandon.


Cee Markets:

Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, Ukraine

See Markets:

Albania, Bosnia & Hercegovina, Bulgaria, Croatia, Kosovo, Macedonia, Montenegro, Romania, Serbia, Slovenia

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