Cushman & Wakefield (C&W), the world’s largest privately-held commercial real estate services firm, has won the prestigious Hungarian "Transaction of the Year" award at the 10th Portfolio.hu Property Investment Conference’s ‘Property Awards’ in Budapest. C&W successfully represented Vodafone in their 13,700 m² office lease renewal and expansion at Arena Corner office building, Budapest, owned by CPIPG. The award was accepted by Gergely Pados – Managing Partner at C&W and David M Johnston MRICS – Head of Office Agency at C&W, after the Portfolio conference, which was attended by developers, consultants and service providers of the Hungarian property market.
David M Johnston MRICS, Head of Office Agency at C&W in Budapest commented on the deal: "It is a huge honour for the team (Tamara Szántó, Gergely Pados and myself) to receive this award and we are delighted that the scale and complexity of this transaction have been recognised by our property professional colleagues. At the same time we also would like to thank our partners CPI Hungary (formerly Ablon) and Vodafone for the constructive approach and flexible attitude during the transaction.“
About CPI Property Group
CPI Property Group is one of the leading real estate groups focusing on long-term investment and rental properties, particularly in Central and Eastern Europe and Germany. The group was founded in 2004, and the new majority owner, which in 2014 became Radovan Vítek, brings to the CPI Property Group not only a valuable real estate portfolio, but also more than 20 years of experience with investments in the Central European real estate market. CPI Property Group is headquartered in Luxembourg and its shares are traded on the Frankfurt Stock Exchange. The Group manages assets worth in excess of €4.1 billion and operates in offices, retail, residential, hotel accommodation, industrial sites and logistics centres. Approximately 15% of activities are the development of new projects and investments in a portfolio of land. Major projects include a multifunctional complex Quadrio, office park Meteor, historic former Živnobanka in Prague or residential luxury residential project Palais Maeterlinck in the French resort of Nice. CPI Property Group, with more than 600 thousand square meters of retail space, is the largest owner in the Czech Republic and has a significant proportion also in apartments where the post occupies the second-largest landlord.
About Cushman & Wakefield
Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, it has 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management.