Short List, 5th CEE Real Estate Quality Awards

The short list for the 5th annual Central & Eastern European Real Estate Quality Awards for outstanding performance and achievement in 2007 has been announced, decided from more than 300 nominations received in 16 award categories for the best projects, companies and industry professionals across 10 countries in Central & Eastern Europe.

As one of the world's most exciting and thriving emerging property markets matures further, the list is dominated by an increasing number of "international majors" as well as a growing phalanx of successful "home grown majors" competing on increasingly level terms. Polish developer Echo Investment and Hungarian developer TriGranit Development Corporation are no surprise among eight regional and global heavyweights short-listed for the Developer of the Year award, while a number of projects by local developers are also among the strong candidates for the Office, Retail, Residential, Industrial and Hotel/Leisure development awards.

But as always there are a few surprise candidates and omissions, particularly for the new Green Initiative Award for where a warehouse developed by ProLogis competes with an investor and an accountant for the award. Uniquely the award is open to projects, companies and people who have demonstrated innovation and leadership on sustainability in Central & Eastern European real estate.

The nominations were reviewed and scored by a jury of well known senior industry figures in the first phase of the judging process, which will conclude with a final vote on the short-lists preceding the awards ceremony.

The winners of the sector's main annual industry awards, produced in association with the Financial Times, will be announced on Wednesday 27th February at the CEE Quality Awards gala dinner & awards ceremony at the Hilton Warsaw Hotel. The event aims to raise 20,000 euros for the charity Habitat for Humanity, which provides housing and shelter for disadvantaged families in Europe and globally.

CEE Real Estate Office Development of the Year 2007
Sponsored by DTZ
Atrium Park (Phase I), Budapest, Hungary (Wallis Real Estate)
Baneasa Business & Technology Park (Phase I), Bucharest, Romania (Baneasa Development)
Harmony Office Center, Warsaw, Poland (Harmony Office Center/Eko Park)
International Business Center II, Warsaw, Poland (Quinlan Private Golub)
Lumen Zlote Tarasy, Warsaw, Poland (ING Real Estate)
Palladium (Office), Prague, Czech Republic (European Property Development)
S-Park, Bucharest, Romania (Primavera)
Trinity Park II, Warsaw, Poland (Ghelamco Poland)

CEE Real Estate Retail Development of the Year 2007
Sponsored by Cushman & Wakefield
Galeria Askana, Gorzow, Poland (Caelum Development)
Galeria Baltycka, Gdansk Wrzeszcz, Poland (ECE Projektmanagement Polska)
Market Central Mc Ferihegy, Budapest, Hungary (AIG Lincoln)
Palladium (Retail), Prague, Czech Republic (European Property Development)

Related News