Savills wins over another award
14 November 2016
Savills Investment Department was awarded Capital Markets Team of the Year 2016 during CIJ Awards Poland 2016 Gala. It is another great achievement and award that proves this year to be successful for Savills Investment Team. Before that, Michał Ćwikliński, Managing Director, Head of Investment Department, have been voted Investment Broker of the Year at Investment Awards of Europaproperty.
“I am proud of this award, which is the culmination of our hard work this year. I’m also happy that high level of our services was noted and appreciated both by our clients that comes back to us with following transactions and real estate industry”, says Michał Ćwiklinski, Managing Director, Head of Investment Department of Savills Poland.
So far in 2016 Savills Investment Department advised in 12 transactions on the investment market totaling EUR 1.55 bn. By the end of this year the expected volume of transactions with Savills commitment is estimated for ca. EUR 2 bn.
Among them were the record transactions like the sale of PRIME Corporate Center in Warsaw to Warburg-HIH Invest Real Estate by Golub GetHouse represented by Savills. The transaction was concluded at a record low capitalization rate, the lowest recorded so far on the Polish office market. The second one is acquisition of majority stake in the EPP platform by Redefine Properties. This has been the largest transaction in the history of the Polish real estate market. Investment Advisory Department also took part in the largest single purchase commercial real estate this year - Bonarka City Center, representing the buyer - Rockastle Global Real Estate, as well as other notable deals such as the acquisitions of Gdanski Business Center or Geleria Warminska – both to be completed soon.
CIJ Awards is a prestigious competition that awards companies most active on the CEE real estate market. This year Gala was held for 15th time on the 9th of November in Warsaw Westin hotel.