DEGI, part of Aberdeen Property Investors, was recently awarded CEE Retail Real Estate Award 'Investor of the Year' for 2008.
The winner is voted by a panel of high profile property market experts and the prizes are awarded in association with "EuropaProperty", the leading Eastern European property magazine. Redevco, Heitman and Atrium European Real Estate were among the other nominees.
Malcolm Morgan, DEGI Managing Director responsible for acquisitions commented: "We are delighted to accept this award, especially since it is voted for by industry players who are informed and hugely experienced on the sector. This award is testament to the investment decisions we have made and commitments from investors for DEGI funds following our diversification into Eastern Europe"
In 2008, DEGI invested approximately 700 million from ten transactions into commercial property throughout Eastern Europe.
DEGI currently manages real estate assets of over 1.3 billion in open-ended property funds. They comprise 18 properties with a lettable area of more than 350,000 m² in the Czech Republic, Poland, Romania and Croatia. DEGI is currently exploring the property markets in Russia and other parts of Eastern Europe for potential investment opportunities.