During this year’s CEE Investment & Green Building Awards ceremony, TPA Poland was honored with the title of Tax & Financial Adviser of the Year. This was already the sixth edition of the event organized by EuropaProperty, which brings together investors of the commercial real estate sector in Central and Eastern Europe. TPA Poland was awarded this title for the second year in a row.
An international jury composed of key industry representatives, representing, among others, leading investors and developers, chose and awarded individuals, institutions and projects that distinguished themselves in this year by the highest value, unique quality or considerable scale of the undertaking. The award categories included: Bank of the Year, Investor of the Year, Investment Deal of the Year and Deal of the Decade.
The awarded projects clearly show that the commercial real estate market in Poland means not only large projects on the shopping centers market, such as Posnania for which Apsys Poland was awarded the title of Retail Project of the Year, but also modern office buildings, such as Warsaw Spire and Q22 (the winner in the “Office Project” category, by Echo Investment) in the capital city.
“The record supply of office space, the highest lease transaction volume in the history of the Warsaw office market – these are only some of the features of this year’s real estate market. On the other hand, this also means the changing legal regulations, the ever increasing competition, the growing demands of customers and price competition, and thus the need for skilful control of project competiveness and seeking values in new areas where cooperation with an experienced adviser becomes indispensable. That is why we are very pleased with the title we have been honored with. This is a great success of our team of experts, which – on a partnership basis, with great commitment and competently – copes with the challenges presented by clients and finds the best solutions. We are grateful for this award.” – commented Wojciech Sztuba, Managing Partner at TPA Poland.
Małgorzata Dankowska, Partner and the Head of Real Estate Division, sums it up:
“In 2016, there were a lot of spectacular transactions on the commercial real estate market, such as the purchase of Prime Corporate Center office building, with the lowest ever capitalization rate in the history, on which TPA Poland advised. The volume of transactions carried out so far is estimated at more than EUR 2.5 billion. On the other hand, new players are entering the market, investing also in the sector of residential real estate for rent. The purchase of apartments in Złota 44 by Catelle or the project at ul. Pereca by Boufonds are examples of such activity. TPA Poland advised on both transactions. It is thanks to the trust of our clients and the commitment of members of our transaction team that this year we were once again on the stage to receive the prestigious title of Tax & Financial Adviser of the Year.”