ORGANISING PARTNERS
AWARDS ITINERARY & EVENTS
9TH ANNUAL INDUSTRY AWARDS
Call for Entries
Thursday 10th November 2011
Announcement of 2011 award categories, CEEQA Jury, event locations and final timetable
Deadline for entries and nominations extended to 10th February
CEEQA@MIPIM
Tuesday 6th March 2012
MIPIM Convention, Cannes
Cocktail & party announcing 2011 awards short list
RealGreen Symposium & Fair
9am-4pm Tuesday 17th April 2012
Warsaw Marriott Hotel
Expert presentations, debate, discussion groups, workshops, exhibition and luncheon examining the business case for green building in emerging Europe
Free access for all CEEQA Gala ticket holders
9th Annual CEEQA Gala & Industry Awards
7pm-Late Tuesday 17th April 2012
Warsaw Marriott Hotel
Emerging Europe’s premier gala dinner & industry awards for business performance & achievement in real estate in 2011
8TH CEEQA AWARDS RESULTS
Full summary and award winners for business performance & achievement in 2010
CEE Retail Revolution, Athénée Palace Bucharest Hilton Hotel
10.00-12.30, 19th October 2007
SPEAKERS
David Dixon, Senior Partner, Chadbourne & Parke (Chair)
Richard Bloxam, International Director European Retail Investment, Jones Lang LaSalle
Bogdan Georgescu, Managing Partner, Colliers International Romania
Renata Kusznierska, Regional Director Central Europe, DTZ
Mike Lloyd, CEO, Baneasa Development
Thomas Loeffler, Managing Director, GENI Poland
Richard Petersen, Managing Partner, Poland & CE, Cushman & Wakefield
Stephen Pragnell, Director of International Relations, ICSC Jury Chair, Apsys
Doris Schumacher, Head of European Investment Funds, Invesco
Mark Rea, Partner, Gardiner & Theobald
Edgar Rosenmayr, Chief Investment Officer, Member of Executive BoardImmoeast
Árpád Török, Chief Leasing Director, TriGranit Development Corporation
EVENT SUMMARY
IMMOEAST HEAD ROSENMAYR SAYS CREDIT CRUNCH WILL BITE CEE RETAIL
The credit crunch and green design were the twin focus as more than 100 of the sector's top professionals gathered at the Athénée Palace Hilton Hotel to hear Edgar Rosenmayr, Chief Investment Officer of one of the leading investors in the region and veteran of the EBRD, predict a squeeze in financing for secondary city investments and also retail projects in the "new" markets of Bucharest and Kiev directly as a direct result of the transatlantic credit crunch. And while another major investor Doris Schumacher, European Fund Management head at Invesco Real Estate, was more cautious on the impact of the credit crunch, she also predicted pain in what she described as the "already over-invested" segments of the market.
In his presentation looking at the effects of Global Financial Market Volatility on the CEE and SEE markets, Rosenmayr echoed the IMF's recent World Economic Outlook analysis warning that the economies of Eastern Europe are vulnerable to a reversal of the surge of private capital and that markets will move to re-price credit and equity risk.
"While the crisis was not initially connected to emerging market economic fundamentals," Rosenmayr argued, "there is certainly a risk that it could have an impact in these markets, particularly in secondary cities and the sector's frontier markets."
However Rosenmayr concurred with the view of Dieter Knittel, a senior banker with Hypo Real Estate, and Jones Lang LaSalle's European retail expert Richard Bloxam, that any resulting turbulence would be followed by a "soft landing" in most of the national markets and that some of the impact may already be factored into the price of money in these markets - apart from areas of extremely high risk such as Kazakhstan whose investment market is imploding as a result. Other participants including Richard Petersen of Cushman & Wakefield and Mark Rea of Gardiner & Theobald spoke of a "welcome correction" in a market where in the immediate term areas of concentrated investment such as Bucharest, with up to 20 new schemes pipelined to complete by 2010, will probably experience some causalities.
Green is the New Gold
Another highlight of the event was a discussion on the rise of eco-sustainability and urban regeneration as core development objectives, triggered by a case study of multi-award winning multifunctional project Manufaktura in Lodz, Poland by Stephen Pragnell of Apsys, the project's developer. The conference chair David Dixon of lawyer Chadbourne & Parke drew attention to imminent EU directives and also measures in Poland that sought to enforce energy efficient buildings but criticized them as rushed and ill-thought out, while CEO of the monolithic Baneasa City project in Bucharest, David Lloyd, suggested that an approach focused on incentivising rather than taxing developers into action would be more effective.
Green also took centre stage with the announcement of a new CEE Green Initiative Award sponsored by Colliers International among three new awards in the announcement at the event of the award categories for the CEE Real Estate Quality Awards, the sector's major annual industry awards organised in association with the Financial Times and sector magazine Estates News. Another new award for CEE Architect of the Year sponsored by Hypo Real Estate and a separate award for Hotel & Leisure Development of the Year (previously coupled with retail) sponsored by Aareal Bank were also indicative of shifts of focus in the market.
Commenting on the announcement of the awards Richard Hallward, Managing Director, said.
"There is always a lot of anticipation around these awards as each year we look to make adjustments in accordance with important trends and market concentrations. The awards are nominated and judged by industry peers and therefore have a lot of value for the winners, and each year the job of the jury gets harder as investment across the region increases and the standards get higher."
Commenting on the CEE Green Initiative Award, John Banka of Colliers International said:
"We are moving into a time where paying lip-service to green issues is no longer enough, with recent advances in materials and methods there are already examples where green approaches can actually improve the bottom line. There will surely come a time when zero carbon emissions are a prerequisite of a project or scheme, and with this market still at a relatively early stage in its growth we have an opportunity to take a European if not global lead on this - to the benefit of investors in the long term."
Links:
8TH ANNUAL CEEQA GALA IN PICTURES
7TH CEEQA GALA DINNER & AWARDS CEREMONY: Nearly 600 business leaders from 38 countries attended the 7th annual CEEQA Gala at the Warsaw Royal Castle Kubicki Arcades on 3rd March. The success of the event underlined the underlying momentum of the CEE property sector and raising hopes of a return to business in 2010.
7TH CEEQA GALA IN PICTURES
The 7th CEEQA programme commenced with a CEE Insight Forum event on 21st October ‘Through the Looking Glass’ discussing the new shapes and patterns in the post-crisis CEE market place and launch of the 2009 awards, presented by Polish TV presenter Monika Richardson and CEE Insight Forum director Richard Hallward.
The 6th annual CEE Quality Awards Gala in February 2009, presenting awards for performance and achievement in in Central & Eastern European real estate in 2008, provided some benchmark victories and a few surprises in the award categories. Television presenter Monika Richardson hosted the awards ceremony among a stellar line up of entertainment through the evening including exceptional performances by 80s legends Bananarama, young Polish stars Aufiofeels and contact juggler Kamil Dzilinski "Dzielny"
The CEE Insight Forum event preceding the awards gala (TROPICAL STORM2: Global economic crisis and the CEE property markets) attracted more than 150 guests, regional investors, developers, financiers and consultants were joined by Anatoli Annenkov (EBRD) and Jan Cienski (Financial Times) in a powerful debate on challenges and opportunities for the market chaired by George Leslie (KPMG).
CEE Insight Forum V: Tropical Storm2 IN PICTURES
Bananarama had the shoes tapping as and kilts twirling as they reeled out all the old classics
CEE Insight Forum IV Tropical Storm IN PICTURES
