2010 Prime Property Award presented at EXPO Real (DE)

The prizes for the 2010 Prime Property Award were presented to outstanding European real estate investment projects at the EXPO Real commercial property show in Munich yesterday (October 5, 2010). Organized by Union Investment, the award recognizes real estate projects in Europe that combine commercial success with ecological and sociocultural sustainability in exemplary fashion.

Palmas Altas

Palmas Altas Technological Center in Seville.

A total of 142 real estate projects from 19 European countries were submitted for the 2010 Prime Property Award, which carries prize money of €30,000. 14 projects from Germany, Denmark, Austria, Switzerland, the Netherlands and Spain were shortlisted by the competition jury.

The prize for the best sustainable real estate investment project in Europe – the Palmas Altas Technological Center in Seville – went to Bovis Lend Lease. Built to house the headquarters of environmental technology group Abengoa, developed by Bovis Lend Lease and completed in September 2009, this is one of the biggest private-initiative technology and business parks in southern Spain.

Palmas Altas combines a high-quality working environment for 2,500 employees with outstanding ecologically sustainable architecture. In the jury's opinion, the technology park, which comprises seven buildings offering some 55,000 m² of office space (architect: Richard Rogers & Vidal Architecture Team), is a prime example of sustainable architecture and technology.

"Deploying renewable energy sources and innovative technologies in Seville has led to an unusual yet exemplary building concept in terms of energy efficiency that sets benchmarks and has already inspired others," said jury member Garrie Renucci, partner at Gardiner & Theobald, during the awards ceremony at the Sustainable Investment Conference.

Westside Leisure and Shopping Centre

Westside Leisure and Shopping Centre in Berne.

Second prize in the 2010 Prime Property Award competition was won by Swiss company Neue Brünnen AG, which planned and created Westside Leisure and Shopping Centre in Berne (architect: Studio Daniel Libeskind).

"The holistic quality of the 141,500-m² center can be seen in its unique combination of sustainable architecture, nature and urbanity, together with an exceptional mix of uses, including 55 shops, a leisure

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