Investment Deal of the Year, CEE

The award is open to any investment deal closed in Central & Eastern Europe between October 2017 and September 2018.

Nominees

Acquisition of a portfolio of 28 retail properties known as M1 deal

Acquisition of a portfolio of 28 retail properties for around 1.0 billion euro by Chariot Top Group, with Griffin Real Estate acting as the transaction manager, co-investor and co-manager of Chariot BV. Chariot Top Group acquired a portfolio of 28 real estate assets consisting of 9 M1 shopping centers, 12 hypermarkets, 4 power parks, and 3 stand-alone DIY stores. The portfolio has a total GLA of about 704,000 sqm. Upon the closing, Chariot immediately resold 12 assets from the portfolio to EPP.

Acquisition of Atrium Centrum & Atrium Plaza Office Buildings

31.000 sqm office properties in Warsaw city center in two office buildings

Acquisition of Futurum Hradec Králové

operating shopping centre in Hradec Králové with ca 39,1 ths square meter leaseable retail area including Tesco hypermarket, Ca EUR 8,1 il of annual net operating income as a stable long term income, Excellent technical shape

Acquisition of M1 portfolio composed of 12 major shopping centres located across Poland

In December 2017 EPP announced an acquisition of 12 major shopping centres located in densely populated catchments. The takeover from a consortium owned 25% by Redefine Properties totaled €692 million and was one of the biggest acquisitions in the history of the Polish real estate sector. As a result of the takeover EPP acquired the 446,500 sqm portfolio comprised of over 620 stores located in eight M1 superregional shopping centres with GLA ranging from 30,000 sqm to 55,000 sqm, which attract more than 40 million annual visitors, and four retail power parks with GLA ranging from 20,000 sqm to 35,000 sqm. All of the properties are well established and have long trading history of approx. 20 years. All of them are single level and fully leased, grocery anchored shopping malls situated in great urban locations, on large motorway fronting sites. They are anchored by Auchan Hypermarkets as well as a variety of international and domestic brands such as MediaMarkt and fashion retailers, TK Maxx, H&M and C&A. The deal has already been closed, but due to its size and value the actual takeover was divided into three stages with the first €358.7 million GAV comprised M1 Czeladz, M1 Krakow, M1 Lodz and M1 Zabrze, totaling collectively 194,400 sqm GLA and NOI of €25.1 million and concluded in January 2018. This will be followed by tranche two of €222.5 million GAV in June 2019 consisting of M1 Bytom, M1 Czestochowa, M1 Radom, PP Kielce, PP Olsztyn and PP Opole and adding 184,000 sqm GLA NOI of €16.3 million. The final €110.9 million tranche consisting of M1 Poznan and PP Tychy, collectively 68,100 sqm and NOI of €7.6 million, will conclude in June 2020. Once the purchase is finalised, EPP will expand its current portfolio by further 252,000 sqm, becoming the country’s leading retail property operator, with over 1 million sqm of space located in at least 28 schemes.

ACQUISITION OF MAMMUT SHOPPING CENTRE IN BUDAPEST, HUNGARY

Mammut is one of the largest and most successful shopping and entertainment destinations in Budapest. It is prominently located at Kalman Square, the busiest interchange hub in the Buda side of the city, and benefits from a strong annual footfall of 15.6 million people. Kalman square is the busiest transport hub in Buda, has a daily traffic of more than 23,000 vehicles. The public transport junction (metro, tram, bus) delivers more than 460,000 passengers every day. The Shopping Centre offers 61,300 m2 of total gross lettable area (“GLA”) in two buildings connected via a double-level pedestrian bridge. With a GLA of 56,400 m2 (weighted for control), the Project is 89% let, including key anchors such as Cinema Pink, Hervis, H&M, Interspar, Media Markt and Reserved, as well as a New Yorker which is opening in November 2018. Made up of 300 shops, Mammut is divided into Mammut 1 and Mammut Il. The two malls are connected by one glass hallway on the second floor. There is a food court, restaurants, the cinema, bowling and lots of shopping. Its stylish and huge, servicing the higher end of Buda's inhabitants. The acquisition entities together own 100% of Mammut 2 and 81% of Mammut 1, respectively. The Mammut 1 shopping center was completed on 28 August 1998 and Mammut 2 was issued on 28 September 2001.

Bainbridge Portfolio

INFORMATION ABOUT THE TRANSACTION PROJECT/PROJECTS/PORTFOLIO Aerium, the European real estate fund manager disposed of three shopping centers in Poland to Newbridge in January 2018. Located in Krakow (CH Czyżyny, opened in 2002), Torun (CH Bielawy, opened in 2002) and Lodz (CH Guliwer, opened in 1997) and totaling over 72,000 sqm of GLA each asset is anchored by Carrefour on a long term lease. Originally developed by Carrefour the schemes are 99% occupied and have sales 45% higher than the Polish national per square meter average. Other occupiers include Leroy Merlin, Rossmann, CCC, Deichmann, RTV Euro AGD, Jysk, Pepco, Douglas. Aerium acquired the properties in a pan-European portfolio in 2006 from Carrefour.

Generation Park X, Warsaw, Poland

Generation Park is one of the largest Skanska projects in CEE region (10 markets within the region). The complex will consist of 3 buildings, named X, Y, Z referring to successive generations that live and work together in Wola district. The X building is completed, the Z building is at advanced level of construction, the Z building. The investment will offer a total of 84,000 sqm modern office space, certified at the LEED Platinum level. The main assumption of the project is to create a new place for meetings, adapted to the needs of different generations, arranged in a sustainable way. Thanks to green solutions, the use of energy in building X is lower at least 25% and water consumption at least 60% compared to local standards. Generation Park X has skyoffice - glazed interior with two storeys high, placed on the top floors which can be arrange freely. On the roof of the building there is a beehive. Generation Park X also received the "Object without barriers" certificate.

High5ive (phase I), Kraków, Poland

The transaction covers two prime office properties located in Krakow’s vibrant commercial market. Two buildings of the High5ive office project offer approx. 23,400 sqm GLA and were completed in Q1 and Q2 2018. High5ive is a project that combines different energies generated by Krakow: diversity, creation, happiness and innovation. I phase of building implementation is a unique place located in the center of the city. The objects’ architecture fits into the urban tissue and refers to the closest surroundings - the Cracow University of Technology. The is a space between the buildings with special rest areas, water supply and the green patio which enjoys the eye of the users whatever time of the year. Right next to the office building on the wall of Galeria Krakowska, on the initiative of Skanska, was created a mural inspired by the works of S. Lem. For cyclists, the complex has an original concept called Bike5ive, taken from Scandinavian models, with an extensive infrastructure for lovers of two wheels: a bicycle center with a multi-storey car park, repair points, charging stations for electric bikes, and changing rooms with showers for cyclists.

Małachowskiego Square

Małachowski Square comprised of around 12,200 sqm of class A office space upon 6 upper levels and around 2,300 sqm of high-end retail space located on the ground floor. This exceptional and majestic office building is located adjacent to Plac Pilsudskiego, one of Warsaw’s most prestigious addresses and the largest public square in the city – hosting many international and state events. Originally constructed over a century ago (1907) as a luxury residence for Polish nobility, Małachowski Square has been resurrected as a modern office building (2013) that truly captures the original noncompromising approach towards quality, detail, and functionality. Two of Warsaw’s most prestigious hotels, Bristol and just completed Raffles are located in the direct vicinity, The property is 98 percent leased with tenants including international law firm K & L Gates, global private equity firm CVC Capital Partners, the Polish law firm WBK, the co-working business space provider Rent24, the German bank Berlin Hyp, a number of boutique retailers and a restaurant. Europa Capital and White Star Real Estate acquired Malachowski Square end of 2016 and were able to unravel a deadlocked position and created a truly core institutional product which is widely considered to be the best office building in Warsaw. When the Project was acquired it was only 28% leased and 14 months later the Building reached 90% leasing level. The actual sale process took only 3 months

Mill Park, Budapest, Hungary

Mill Park offers over 36,000 sqm GLA. It is located in the 9th district of Budapest – an established office location within the Central Pest submarket, and in close proximity to some of the city’s a cultural and academic institutions. The property is already 90% leased to IT Services Hungary, Immochan Magyarorszag, Regus and International Flavors and Fregrances. Mill Park was completed in Q3 2018 and is expected to receive LEED Gold certification. Mill Park offers a 5,500 sqm multifunctional garden with a spacious green area, an outside gym, table tennis and table football as well as outdoor workspaces with plug-ins and WiFi, communal areas and restaurants. All these solutions focus on the wellbeing and working environment of the tenants and their guests. Mill Park is aimed to function as a vibrant meeting point that enhances creativity and collaboration.

Quattro Business Park in Kraków

Quattro Business Park is more than an office building complex – it is a home to many well-established companies, such as Google. Luxoft, Medicover and Capgemini. Located in Kraków, Quattro Business Park consists of 5 buildings, with a gross leasable area of 60,200 sqm, developed during 2010 and 2014. All the spaces have been designed with large glazed areas that provide an increased access to daylight and the office area is fully equipped with raised technological floors, suspended ceilings and a high-quality air-conditioning system. Buildings A and B were subjected to BREEAM-In Use certification, and were graded "Excellent" in the Asset category. Quattro Business Park was designed by Pracownia Architektury Kuryłowicz & Associates design office.

sale of Gdanski Business Center II

Offering ca. 53,000 sq m buildings C and D are part of ca. 100.000 sq m Gdanski Business Center scheme delivered by HB Reavis. Among the largest such developments in Warsaw, Gdanski Business Center is a clever mix of well-connected business space, many amenities on its doorstep and an open to public green courtyard. Rooftop terraces available to tenants and vibrant ground floors including fitness centre, restaurants, cafes and a kindergarten with dedicated playground on-site have become highly valued not just by employees, but also residents and visitors alike. Completed in 2016, Gdanski Business Center is the best-connected office development in Warsaw with unrivalled access to public transportation. Boasting 100% occupancy rate, the whole business campus is now home to around 10,000 employees working at a number of well-known institutions including Aviva Group, KPMG, Nielsen, Euronet, BGŻ BNP Paribas, GE and the Court of Appeals to name a few. Conveniently located near a railway and metro station, numerous tram and bus stops, with easy access to urban bike rental, it reduces dependency on car travel. Powered by energy from renewable sources, the buildings have been awarded sustainable BREEAM Excellent standard.

Spektrum Tower

Spektrum Tower, an A-class landmark office tower, located in Warsaw Central Business District at 18 Twarda street, offers approximately 29,500 square metres of GLA, is multi-tenanted and is over 90% let. The occupiers include international firms from a variety of sectors, e.g. BuroHappold, Ecovadis, BGŻ BNP Paribas, Westwing and Calzedonia. Numerous tenants have already expanded within the building. The property offers diversified facilities, including one of the largest gyms in Warsaw (CityFit), a medical centre and two restaurants.

The sale of 50% stake in Warsaw Spire tower (building A) by Ghelamco Poland to Madison International Real Estate Realty

Warsaw Spire is the largest and tallest office complex in Poland, and a landmark of the dynamically developing capital city. It is globally recognized and has won numerous awards, including the world’s Best Office & Business Development at the 2017 MIPM Awards. The complex comprises three buildings – the 220 m high skyscraper and two 55 m high buildings on the sides, which offer in total 109 000 sqm of top quality office space. The subject of the transaction was 50% stake in the tower building (A), which has 64 500 sqm top quality office space on 49 floors. Warsaw Spire was opened in May 2016. Less than a year after completion of the construction, 95% of the office space in the building was leased, what confirms the spectacular commercial success of the investment. Today, Warsaw Spire is a workplace for over 8,000 employees. Warsaw Spire is located in the new business district of the capital at Rondo Daszyńskiego. It is the most dynamically growing part of the city, with strong private and public transport connections, including metro line, as well as multiple tram and bus routes. The great advantage of the building is its location on Plac Europejski, which is the best-developed public space in this part of the city, very popular among the residents of Warsaw.

Visionary, Prague, Czech Republic

Visionary is an A-class office building ,completed in April 2018, which has 23,000 sqm of gross leasable area. Located in Prague 7, one of the most dynamically developing districts in Prague, the building is currently fully occupied with tenants such as Accenture, Business Link and WMC/ACTUM Digital. Visionary is located along the left bank of the Vltava river in Prague 7. As is the case with Karlín (Prague 8), the Holešovice district is fast becoming a hub of development for new offices and apartments. Visionary is the first completed top modern office project in the immediate vicinity of the Nádraží Holešovice subway and train station. The building received LEED Platinum certification for Core & Shell, earning a total of 95 points. It is the highest-rated sustainable building in CEE and the second-best in Europe. Visionary is expected to receive the first WELL Core & Shell certification in the Czech Republic, which monitors factors that affect people's health and wellbeing (e.g. quality of air, water and access to a source of light) and focuses on personal comfort, access to healthy food and the effect of buildings on physical and mental health. The common areas and retail spaces of the building offer a range of services not only to its tenants but also to the local community. The building comes with a garden, and people will have access to amenities such as a multifunctional sports area. In addition, many other services are directly located in the building, such as a doctor‘s clinic, pharmacy, kindergarten, a restaurant, and a self-service laundry; a running track is also provided on the rooftop. Moreover, shared e-car and bike facilities are available for tenants. A mobile app connects all the services in the building and its surrounding area.

Warta Tower

Warta Tower, which was completed in 2000, is one of the first and most widely recognized office buildings in Warsaw, a landmark project in the city. It comprises approximately 28,000 sqm of gross leasable area and offers outstanding architectural qualities, including its iconic lobby. The 21-floor building is multi-tenanted, with Warta Insurance as its largest tenant. Warta Tower is situated at Chmielna Street, next to the Jerozolimskie Avenue - one of the main communication arteries in Warsaw, and hosts offices that offer a modern, productive and friendly work environment. Due to its large windows, Warta Tower provides an optimal amount of natural light, while the efficient and flexible accommodation of both open and separate offices allows tenants to adapt the space. Moreover, the usage of the best building materials, meeting the highest efficiency and quality standards, provides them with a comfortable and safe work environment.

West Gate, A4 Business Park and Tryton (EPP office sub-portfolio)

The acquisition of the EPP office sub-portfolio consisted in acquiring three landmark projects: West Gate, A4 Business Park and Tryton Business House. West Gate is a modern office building with 16,600 sqm GLA, situated in the North-Western part of Wrocław, with a very good access to the city bypass and the center. The property consists of an office building with an L-shaped layout and a typical floor plate of approximately 2,700 sqm. Its minimalist form with a graphite, stone facade, is supplemented with large, glass spaces that make offices well-lighted. The property has a 2-storey underground parking with a capacity for 320 cars. This asset is adjacent to West Link, which further extended the office area. The property offers standard A-class offices and has a BREEAM certificate at the Excellent level. A4 Business Park is a complex of three modern office buildings with 30,600 sqm GLA, located in Katowice, naturally integrated into the existing urban fabric, with a unique location inside a park. The stone façade and carefully finished details gave the buildings an elegant, timeless character. The whole complex consists of two 10-story buildings and one 7-story building and additionally incorporates a ten-story parking building, with a capacity of over 600 places. The complex offers class A office space and has a BREEAM Interim certificate at the Very Good level. Tryton Business House is a 24,000 sqm GLA office building located in one of the most characteristic places in Gdańsk, at the junction of Jana z Kolna and Wały Piastowskie streets, in the vicinity of the inner-city center. Tryton Business House consists of an eleven-story tower and two lower, six-story buildings. They are connected by walkways, which make it possible to move around the establishment without leaving the building. The property offers standard A-class offices and has a BREEAM certificate at the Excellent level.

West Link

West Link is a modern class A office building developed at Na Ostatnim Groszu St. in Wroclaw - right next to the West Gate project. West Link offers a total area of over 14,000 sqm and is fully leased by international, renowned companies - Nokia and Hilti. As art should be part of our daily lives, in front of the building people can admire every day the sculpture by Oskar Zięta, the well-thought-of artist, designer and architect. The six-meter work has a shape of a clover, being made of over 1500 kg of Venetian steel and 108 meters of welds line were used.

Jury

Agata Demuth
Partner
Schoenherr
Agnieszka Koniewicz
Senior Associate
Weil, Gotshal & Manges - Paweł Rymarz sp.k.
Anna Duchnowska
Managing Director - Poland
Invesco
Anna Kicińska
Partner, Leader of EY Real Esatet Group, Transaction Advisory
Ernst & Young Sp. z o.o. Corporate Finance Sp.k.
Bartłomiej Hofman
MANAGING DIRECTOR POLAND
P3 Logistic Parks
Bartosz Clemenz
Counsel
Hogan Lovells (Warszawa) LLP
Benoit CHARLES
CEO
APSYS POLSKA
Daniel Słuchocki
Commercial Director
Gemini Holding Sp. z o.o.
Daniel Draga
Member of the Board and the CFO
Cavatina
Dieter Knittel
Head of CEE
pbb Deutsche Pfandbriefbank
Grzegorz Iwański
Director of Funding Department
Echo Investment
Hanna Milczarek
Investment Director
AXI IMMO Group
Jakub Ziółek
Managing Partner
Crido Legal
Janusz Dzianachowski
Partner
Linklaters
Jarosław Czechowicz
Head of Portfolio Management CEE
Goodman Poland
Jolanta Nowakowska-Zimoch
Partner, Head of Real Estate in Poland
Greenberg Traurig
Katarzyna Dębińska
Partner
CMS Cameron McKenna Nabarro Olswang Pośniak i Sawicki sp.k.
Łukasz Białecki
Director
Pekao
Łukasz Kupień
Manager
MDDP Michalik Dłuska Dziedzic i Partnerzy Spółka doradztwa podatkowego sp. z o. o.
Magdalena Kowalewska
Country Manager Operations Poland IMMOFINANZ, Board Member of IMMOFINANZ in Poland
IMMOFINANZ
Małgorzata Karina Trojańska
Chief Financing & Operating Officer – Poland
Panattoni Europe
Marcin Purgal
Director, Capital Markets
Knight Frank Sp. z o.o.
Marek Jakubiak
Director, Head of Real Estate CEE
DWS
Marta Kosiedowska
Attorney-at-law / Partner
Bieniak Smołuch Wielhorski Wojnar i Wspólnicy Sp. k.
Matthias Brodesser
Head of Transaction Management International
WARBURG-HIH Invest Real Estate GmbH
Michał Styś
CEO
OPG Property Professionals
Michał Matera
Local Partner, Co-head of Real Estate Practice in Poland
White & Case M. Studniarek i Wspólnicy - Kancelaria Prawna sp.k.
PAWEŁ NOWAKOWSKI
HEAD OF CAPITAL MARKETS
CRESA POLSKA
Paweł Sapek
Vice President, Country Manager, Poland
Prologis Poland Management
Paweł Kurcz
Director of Center Management Division
METRO Properties Sp. z o.o.
Peter Chatfield
Commercial Manager
Vastint Poland
Piotr Szafarz
Head of Real Estate, Poland
Dentons
Przemyslaw Felicki
Director
CBRE Sp. z o.o.
Radosław T. Krochta
PRESIDENT OF THE MANAGEMENT BOARD AND CHIEF EXECUTIVE OFFICER
MLP GROUP SA
Sławomir Lisiecki
partner / attorney-at-law
Argon Legal Adam Miłosz i Sławomir Lisiecki sp.k.
Soren Rodian Olsen
Partner, Head of Capital Markets
Cushman & Wakefield Polska
Tomasz Buras
Managing Director, Head of Investment
Savills
Tomasz Stasiak
Head of Real Estate
Wolf Theiss
Tomasz Trzosło
Managing Director JLL Poland
JLL

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