Welcome to the July edition of Real Estate Insider 2010. EMEA s latest online monthly update includes various sections with an offices A Z of the latest deals and news, the latest RISE update, Corporate Solutions and a newsletter section so you can see other regions publications. Colliers International was recognized as the best consulting company in Saint-Petersburg. Click here to learn more Consultant of the Year Award In accordance with results of last annual awards in the sphere of commercial real estate Colliers International was recognized as the best consulting company in Saint-Petersburg Click here for update Hotters Taps Colliers International for Global Real Estate Expansion Click here for update Click below for a full detailed list of all the latest deals done in our European offices. Albania Bulgaria Croatia Greece Montenegro Poland Moscow, Russia Serbia United Kingdom Ukraine Top Clients and Deals Click here for a current list of the Top Clients and Deals for Europe. CoreNet Summit Click here for update ExpoReal 2010 Click here for update Click here to learn more RISE The Regional Initiative for Sustainability & the Environment New LEED Green Associate Exam Preparation Course to be launched in Belgrade Click here for update Click here for Update This resource is provided to you by Corporate Marketing. For questions or to submit news for the Real Estate Insider, contact: Saira Rahman, Editor - Europe saira.rahman@colliers.com SouthEast Europe News Colliers UK Newsletter CN in Brief About Real Estate Insider : REI is a monthly newsletter which has information on and including deals done, brokerage news, and financial information. By focusing the content of each publication we will be able to provide more relevant and easy to read information for our people. Please email me with your articles, ideas and if there is anything else you would like to see in REI.
Consultant of the Year Award In accordance with results of last annual awards in the sphere of commercial real estate that took place July, 2nd - Commercial Real Estate Awards 2010 - Colliers International was recognized as the best consulting company in Saint-Petersburg. This is the third Golden Brick for Saint-Petersburg office of Colliers International: the company already was a winner of title Consultant of the year in 2006 and 2008. Winning the nomination coincided with the celebration in 2010th of Colliers International s anniversary on St. Petersburg real estate market. For professional nomination Consultant of the year CRE St. Petersburg & Federal Awards 2010 were chosen 5 candidates, leading consulting companies of Saint- Petersburg: Colliers International, Jones Lang LaSalle, Knight Frank, Maris Properties in association with CBRE and Praktis Consulting & Brokerage. In the process of voting, in which participated players of commercial real estate market, in to account were taken achievements of each company in such areas as brokerage, consulting services, investment consulting, marketing researches, and property valuation. Nikolay Kazanskiy, Managing Director Colliers International Saint-Petersburg: Be awarded for the third time is a reason for pride. This award emphasizes our outstanding accomplishments in difficult for the market period, which was the real challenge for many companies. It is doubly pleasant that we won against strong competing companies it stimulate us to become even stronger and move forward to strengthen our leadership positions. I would like to thank our clients and partners, for whom we work and who, even in difficult times, support us with their optimism and new ideas; my colleagues for their professionalism and diligence by which this award has become a reality; our colleagues from the Moscow office of Colliers International - for their experience and inexhaustible energy and our international shareholders for a strategically wise direction of development, which they have chosen for our company. I also would like to thank Mass Media who professionally cover Russia s and Saint-Petersburg s real estate market and who help us to present our ideas for the public, as well as the promoters of CRE Awards, the company Impress Media Marketing, for the organization in our city a forum for experience sharing and for an opportunity annually confirm success with this award. Nikolay Kazansky & Maxim Gasiev
Hooters Taps Colliers International for Global Real Estate Expansion Hooters of America, Inc. and Colliers International jointly announced on 29 July that the iconic restaurant company is undertaking an ambitious worldwide expansion, with plans to increase its location count by at least 15-20 percent annually over the next several years. The high profile chain currently has more than 455 locations worldwide with restaurants in 29 countries on six continents. To expedite this aggressive expansion plan and increase its global presence, Hooters has selected Colliers International as its preferred real estate provider, to both identify new locations and negotiate lease terms, as well as advice on tactical planning for optimal branding exposure. Colliers International has respected, seasoned retail and restaurant specialists across their global enterprise and one of the most well-respected brands in the real estate industry, said Michael P. Locey, Hooters Vice President of Strategic Development. We are confident that they will help our franchisees find superior locations faster and negotiate better terms. Hooters is one of the most distinctive and recognizable casual dining restaurant chains in the world, with a tremendous platform for growth, said Scott Thiell, Managing Director of Colliers Retail Services Group, who leads the Hooters real estate efforts. Assisted by Patrick Duffy, Chairman of Colliers Retail Services Group, Thiell will also work with regional Colliers International directors in the Pacific Rim, Latin America, North America, and EMEA (Mike Simpson (Colliers International UK) and Falko Streber were key in the initial EMEA discussions). We have a long-standing relationship with Hooters globally, with expectations that Hooters-- and its dominant brand -- will be a large draw worldwide. Two immediate requirements in the EMEA region are in Germany and Netherlands and the local offices are liaising closely with Scott Theill (Colliers International USA) to identify potential locations. Hooters ideal locations -- ranging between 3,000 and 5,000 square feet (280 to 465 m2) typically boast retail, office, hotel, tourism, festival, urban and industrial traffic drivers. Hooters guests represent a wide variety of demographic backgrounds and categories, including professional, trades, sports teams, military and families. Hooters also has a flexible design concept, which allows for freestanding or in-line locations, and will consider conversion space and new builds. For further information contact scott.thiell@colliers.com or mike.simpson@colliers.com
Albania Colliers Signs Re-Valuation And Feasibility Contract With ENK Actual Phase After completed This month, Colliers was appointed by one of our previous clients ENK Invest Group in assisting them with a re-valuation and feasibility study. Colliers team including our valuer Migena Zace, LEED AP, Heliana Mano market research & marketing consultant and Ledina Lamani residential broker have already completed an in depth and thorough market research covering the residential, office, retail, hotel and land market segments in Prishtina, Kosovo comparable with the giant ENK project. ENK is constructing one of the biggest mixed-use developments in the Balkans of approximately 300,000 sq. m located in the Lakrishta neighborhood near Prishtina center, Kosovo. The project will include highend residential complex, shopping center, office buildings and a luxury hotel. For more information about the project please visit www.enkinvestgroup.com Colliers Signs Referral Agreement With Banka Popullore Colliers is happy to announce the signed agreement with Banka Popullore part of Société Générale Group. According to the agreement, the bank is willing to refer its clients to Colliers in need of commercial/residential services and/or icas reports such as feasibility studies, valuations, market research and so on. Simultaneously, Colliers will refer its clients that need mortgage loans to this preferred bank. We are really excited to have this joint collaboration with Banka Popullore and we hope to establish similar collaboration with other top banks in Albania. Colliers Makes A Record On A Successful Fast Deal It took less than five days of intense work for our office broker Elona Sopiqoti to assist Tobacco Holding Group in showing selected commercial properties, negotiating and concluding into a lease agreement for 900 sq. m of warehouse and office space. The tenant is a large national distributor and wholesaler of several premium tobacco brands, alcohol, personal care and cosmetic products. Unilever portfolio of products such as Dove, Axe, Rexona and Ponds will now be stored at Henry building, which is proudly Collier s exclusive project and we look forward to more successful deals with the lease of Henry and our other on-going projects.
Bulgaria AA Sizzling Hot Season For The Retail Team The Retail team in Bulgaria has facilitated six new tenants for Grand Mall in Varna LC WAIKIKI, ESPRIT, Hippoland, Dance Palace, Oysho and Vivacom - keeping their promise to make Grand Mall a preferred retail destination for Varna by securing an attractive tenant mix. LC WAIKIKI, occupying 1,200 sqm, is Grand Mall s new anchor and the first stand-alone shop of the well-known Turkish retailer in Bulgaria. Hippoland one of the biggest chains for children toys, accessories and clothes, has leased a 700 sqm. store. Dance Palace (470 sqm.) is the first dance school, located in a mall in Bulgaria. Oysho part of Inditex group has taken a 230 sqm. retail store, ESPRIT 420 sqm., and the telecommunication company Vivacom 100 sqm. Four new shops became part of Park Mall s big family in Stara Zagora: Georgo s, specializing in sportswear, the Giselle Bundchen s designer summer shoes Ipanema, AVIN boutique and Pierre (men s shirts). Just in time to join the active summer season in Park Mall, offering up to 70% discounts. Colliers Secures Five New Tenants For The European Trade Center European Trade Center (ETC) has welcomed five new tenants all from within the IT and BPO sectors. Playtech, a company that develops software solutions for the online gaming industry, has leased 1,700 sqm of office space in ETC. EuroTech, CSMS, SafeCharge and SafeCup are the other new tenants in the office complex. These five new transactions amount to 6,000 sqm of occupied space in European Trade Center, when the companies move in during the late autumn. With these five latest transactions, the occupancy of ETC is now above 65%. Grand Mall In Varna Officially Opens The Food Court And Entertainment Zone The official opening of Grand Mall s food court and entertainment zone was opened with a 3-day celebration program. Kino Arena, restaurants and more fashion and entertainment brands will join Grand Mall tenants. The program includes concerts, presents, special surprises, cooking lessons and demonstrations, kids events, Street Dance shows and much more. During the last month Grand Mall has welcomed many new tenants, some of which enter Varna for the first time.
Bulgaria Continued... Grand Mall Exhibits British Council s Darwin Now Exposition From July 7th, Grand Mall will host the colorful and interactive exhibition Darwin now. The exposition, organized by the British Council, is a global initiative celebrating the life and work of Charles Darwin and the impact his ideas about evolution continue to have on today s world. The program is to be enjoyed by children and adults, each panel telling its own story as people learn about Darwin, his findings and how his theory is relevant today and has influenced our society. The British Council s international programme of activities will mark the bicentenary of Darwin s birth and the 150th anniversary since the publication of his landmark work On the Origin of Species by Means of Natural Selection. Guess Who Will Shop For Free For A Year! THE MALL Announces Exciting Opportunity To Win A Year s Free Shopping This week THE MALL launched the exciting summer campaign shop free for a year : every day from 20th July to 10th September anyone who shops at THE MALL will have the chance to win 75 euro to spend each month for the next year. By spending just 15 euro at THE MALL in one day anyone over the age of 18 can enter the game and vie for the chance to be one of the 20 winners drawn out of the hat after September 10. Internet fans who visit THE MALL s Facebook page: http://www.facebook.com/themall.bg and fill in the questionnaire are also eligible to enter. More than 2000 shoppers submitted a form in the first day alone. Boiko Tachev, deputy manager of GAP in THE MALL said: The decorations are wonderful, they create a really festive atmosphere. It s almost like Christmas instead of the middle of the long, hot summer. Entering THE MALL is like going into another world, and our customers obviously like that. Frank Whiting, General Manager of THE MALL: With this campaign THE MALL wants to support its customers over the long, hot summer period and reward their loyalty with the chance to win a substantial thank you. This is the first time our customers can benefit a reward over such a long period of time and enjoy shopping for 12 months.
Croatia Exciting New Deal Colliers has signed its first open brokerage agreement for the sale of the office building located in the Zagreb s Central Business District. Being located just on the edge of the downtown area and within the CBD s centre, the building has an excellent position. With a vacancy rate in Zagreb office market that amounts to only 10% and no projects in the pipeline, we are excited to work on the project. The owner of the building is the leading publishing and media company in Croatia and one of the biggest companies of this sort in the Southeast Europe. Electronics Anchor Secured In Lumini Colliers, Croatia retail team secured an electronics anchor for the Lumini shopping centar in Varazdin. After long and tough negotiation process, a 1,620 sqm large retail unit has been leased to a company K&K Elektronika representing the Technomarket brand known and recognized along the SEE region. Technomarket is the distributor of the world renowned brands Samsung, Panasonic, Electrolux/AEG/Zanussi and Blaupunkt, offering also the products of all leading consumer electronics brands such as Sony, Philips, Pioneer, Whirlpool, Yamaha, Jamo, LG, Daewoo, Grundig, JVC, Indesit, Ariston, Gorenje, Hitachi, etc. Lumini s construction process is also progressing as shown on the aerial view photo bellow. Zagreb - Cleveland Cooperation ICAS team Croatia successfully finished first stage of cooperation with Colliers International, Cleveland where our task was to provide a valuation report for an industrial facility located in the surroundings of Zagreb. We are happy to share with you the comment that our ICAS Consultant, Krešimir Rendeli received upon completion of the project from Colliers, Cleveland colleagues: Dear Kresimir, Once again, thank you for an excellent collaboration creating the valuation report. It is refreshing to work with someone that is so attentive, quick, and professional. We honestly hope that such cooperation between the Croatian and Cleveland office is only a beginning of a long term successful cooperation.
Croatia Continued... Valution Report For Nanette Group We were engaged once again by our client Nanette Group for a land revaluation in Zagreb in Lanište district. The land comprises of approximately 50,000 sqm and is aimed for the residential development compiled of 900 apartments. Nanette hired Colliers in Croatia in March also for valuation and since they were very pleased with the service provided and the feeling that they were a top priority client, they came to us again and stated that even though they received more competitive offers, our way of doing business drove them again to Colliers. Icas Croatia Signs An Intriguing Deal For the first time, a private person turned to our ICAS team with a very common request, but maybe a little uncommon background situation for a company like ours. Our client is just going through a divorce and is now in the process of resolving financial situation between her and her wealthy husband. Valuation report she ordered from us includes their assets and belongings placed in a magnificent bay Divna on the Pelješac peninsula on the very south of the Adriatic coast. The valuation will include: land plot pertaining a house in Donja Vručica land plots both in Donja Vručica and Divna auto-camp business in Divna beach-bar business in Divna When translated into figures, the valuation will include over 100,000 sqm of agricultural land, 114,000 sqm of forest, approximately 1,000 sqm large house, 27,000 sqm of pastures, over 10,700 sqm large orchards, over 3,500 sqm of plough land and more than 62,000 sqm of karst area. Changing Lives Project After negotiations that lasted for several months, Colliers International representing the landlord as well as the client in search of a house, Croatia successfully closed a deal for leasing a house in Zagreb to the Society for creative living, the first such association in Croatia that for now, even before the formal positive law regulations, secures and enables people to live as in one intentional community in an urban living cohousing, already well known and accepted in western and northern Europe as well as in the USA. By taking this engagement, Colliers needed to surpass prejudices and obstacles, landlord concerns and doubts, but it all led to a firm cooperation which might result in taking a role in changing lives and the way of thinking in our country.
Greece ICAS cooperation with OTE Estate S.A Colliers International s worldwide knowledge and experience prompted the new Managing Director of OTE Estate S.A, Mrs. Spanoudaki to first request the opinion and then proceed with the approach of ICAS members, Dimitris Papachristos, Director of Valuation Services and Spyros Raptis, Manager of Valuation Services, on a subject portfolio. The company in reference not only owns one of the largest real estate portfolios of total value approximately 1.5 billion of which 80% of the total real estate value refers to properties of commercial interest that are suited at prominent positions, but also possesses and controls the property portfolio of the Hellenic Telecommunications Organization and is about to establish a new subsidiary for Real Estate Investment Trust. The ICAS team, having in mind the strategic organization and administration of the subject portfolio, while considering the legal framework and current market conditions, will be undertaking the first project of market research and development appraisal for a mixed use complex in the City of Patra and a plot in Faliro Athens. ICAS team: New deal with Audio Visual Entertainment! Audio Visual Enterprises S.A, the largest film distributor in Greece and Cyprus with, not only collaborations with Warner Bros, Walt Disney Motion Pictures, Paramount/DreamWorks but also with subsidiaries in the Balkans, has opted, amongst competitors, to go with Athens ICAS team on an evaluation study concerning a shopping mall situated at Aharnon Street, a major thoroughfare in Athens. The main part of the building is leased by STER CINEMAS, a subsidiary of Audio Visual Enterprises, which accommodates a multiplex and a set of leisure and recreation uses. The client in reference requested an investment evaluation study to present in court due to a dispute with the owner of the mall. The Athens ICAS team evaluated the existing lease agreement and development cost in terms of past and future revenues and calculated financial ratios such as IRR, ROI not only for the existing development but also for other alternative uses. Business Case on behalf of Kraft & Cadbury Colliers Hellas has been participating in an EMEA wide RFP for Kraft Foods office locations around Europe, a company which made its first appearance in the early 90 s in Chicago and only in a hundred years has approximately $43 billion in revenue. The portfolio in question for Greece represents almost 6,000 square meters of space spread in two different locations in Athens, in particular Nea Ionia and Metamorphosi. Kraft Foods have recently bought out Cadbury in Greece, a company which was founded in 1824 by John Cadbury. Colliers was asked to provide Kraft with a realistic idea of the savings that could be generated as part of the integration of the two companies in one, currently in process. Colliers Hellas with the support of Colliers EMEA Corporate Solutions have presented the first draft of The Business Case that depicted a 20% reduction in Kraft s operating costs by relocating both companies to one location. A space optimization study is under way, which will determine whether Kraft & Cadbury can be relocated to one of the existing headquarters or to a new office space. Collier s fee is estimated based on the savings achieved and capped at 100,000. This is a great opportunity for Colliers because there are additional industrial and logistics portfolios from Kraft and Cadbury that could become part of the scope in the future.
Montenegro New tenants in Stara Varos Centre and Mall of Montenegro In the recent time there are many hints that justify Montenegrin Team s enthusiasm regarding leasing retail units in the two business centers that are exclusively presented by Colliers International, Montenegro. New retail units are leased in the new project Stara Varos Centre, as well as in the Mall of Montenegro on which Montenegrin team is working much longer. New tenants in Stara Varos Centre are: Raznatovic textile selling shop - on 117sqm Cabro textile selling shop - on 30 sqm Art Club S exhibition and selling pieces of art - on 6 sqm Nova knjiga retail chain specialized for selling books and complementary products - on 39 sqm MB travel souvenirs selling shop on 31 sqm Via Roma fashion store on 48 sqm The new tenant in Mall of Montenegro is City Cyber, which will open the virtual interactive shooting space, the first of its kind in Podgorica. It is an investment of Russian businessmen on 35 sqm. Also, the tenant Nova knjiga that entered Stara Varos Centre will open a stand in Mall of Montenegro. It seems like there is no vacation for Colliers International, Montenegro this summer. But, the Montenegrin Team don t regret when it is compensated with business success! Interactive shooting
Poland Colliers International To Manage Buildings B And C In Harmony Office Center II Colliers International is to manage office buildings in the Mokotów District of Warsaw. The Millennium Park complex which was historically known as the Harmony Office Center is situated in the Mokotów district of Warsaw. It includes buildings A (phase I) as well as B, C and D (phase II). Colliers International s Property Management Department was established in 2007 and today manages over 600,000 sqm of commercial space in Poland. The team, managed by Monika Rajska-Wolińska, were awarded Best Property Management Team in 2009 by CiJ Journal. The Millennium Park offers a total of approximately 37,500 sqm of space to lease. The sole tenant of the buildings A, B and C is Bank Millennium, who have located their head office there. Securing this prestigious tenant influenced the decision to change the name from Harmony Office Centre to Millennium Park. Phase I (building A) is now owned by Commerz Real AG, a German partnership enterprise belonging to Commerzbank AG who specialises in office, commercial and warehouse space leasing. Harmony Office Center II consists of three buildings (B,C, D), one of which, building D, is still under construction. The first of the objects, building B, offers approximately 7,700 sqm of office space and building C adds another 4,500 sqm at the tenant s disposal. Both buildings have now been transferred under management to Colliers International. Colliers International Represented Gtech Polska In Office Lease Renegotiation Process Colliers International represented GTECH Polska in the renegotiation process of an office space lease contract in Brama Zachodnia. This is the third contract negotiated by Colliers on behalf of GTECH Polska during the last five years. GTECH is a company operating globally in the field of content and new technologies for the gaming sector. As a result of the renegotiation process, GTECH Polska will remain in the office building Brama Zachodnia in Warsaw. Thanks to additional space the company will now occupy almost 4,700 sqm. Brama Zachodnia is one of the first large format office buildings built in Warsaw. It offers a total space of 40,000 sqm in 14 ground and 3 underground levels.
Poland Continued... Moto-Profil Leases Warehouse Space In Prologis Park Chorzów Colliers International, a leading advisor in the real estate market, has represented Moto-Profil in the process of leasing warehouse space in ProLogis Park Chorzów. The agreement came into force in the first half of 2010. Colliers International To Manage Lipiński Passage In Warsaw Colliers International, a leading advisor on the real estate market, is to manage the Lipiński Passage complex in Warsaw on behalf of Union Investment Real Estate GmbH. Lipiński Passage is one of the few historical buildings in the centre of the city that offers A Class office space. The complex will be completed by the end of 2010 and it will comprise of a commercial part offering over 2,400 sqm of space in the lower storeys, and an office part with over 3,400 sqm of space in the higher storeys. Moto-Profil, who were represented by Colliers International throughout the process, leased over 20,000 sqm of high quality warehouse space in the logistics park - ProLogis Park Chorzów. One of the largest logistics centres in Silesia, ProLogis is located close to the A4 highway and only 4 km from Chorzów city centre - guaranteeing ease of access to the warehouses. Moto-Profil is a leading importer and distributor of car parts and accessories. Since their establishment in 1993 they have earned a strong position in the Polish market and are now featured in the list of the 500 largest Polish enterprises by Polityka. The company cooperates with many producers and supplies over 10,000 car garages throughout Poland. Lipiński Passage, a complex comprising two buildings with unique architectural features, is located in the centre of Warsaw at the intersection of Jerozolimskie Street and Emilii Plater Street, guaranteeing ease of access to the Central Railway Station, Centrum underground station and the airport. In addition many restaurants, hotels and the well-known shopping mall Złote Tarasy are within close proximity. Moscow, Russia Largest Deal closed by Colliers Industrial & Warehouse Department in Moscow In June, Arkonada, the largest distributor of home appliances signed a lease agreement in the Class A Agroterminal logistics complex. The total leased area comprises 32,500 sqm, and the lease agreement has been signed for 5 years. This deal has turned out to be one of the largest deals in the industrial real estate sector since the beginning of 2010! Vlad Ryabov represented the landlord. The Agroterminal logistics complex with GBA of 55,600 sqm is located in Moscow. The project investors are the Accent Real Estate Investment Managers investment fund (owns 49% of the Agroterminal logistics complex) and individual entrepreneurs Sergey Ledentsov, Alexandr Schmuckler and Beslan Agrba (own 51% of shares). Knight Frank was the exclusive project broker who had leased only 13,000 sqm.
Serbia Colliers International Has Announced The Sales Of Apartments In A Modern Residential Building Royal Apartments Our residential department has secured a new residential project in a prestigious part of Belgrade. The project is located in Dedinje which is generally considered the most attractive part of the capital due to its exclusive positions of surrounding greenery and proximity to international schools. The future residents of these luxurious apartments will be offered the highest level of modern accommodation. This contemporary residential complex will include 21 spacious apartments of various structures, as well as breath taking penthouse apartments. What makes this project unique and improves the quality of everyday life is private wellness center which is oriented towards an open swimming pool, intended for relaxation, recreation and socialization of its users. The completion date for this project is scheduled for the first quarter of 2011. The person in charge securing the buyers for this project will be Residential Sales Consultant, Tamara Krpovic, under the supervision of Residential Dep. Manager Ana Markovic. New ICAS Department Assignment Valuation Of Land Plot For Shopping Center Development Colliers ICAS team was appointed by company IMMOREAL doo to estimate the value of land planned for residential development in Nis. Upon completion, residential development will feature 9.844 square meters of net area, of which the majority (8.127 sqm will be residential space), followed by underground parking (1.485 sqm). Subject building will be positioned on 9 levels and will include 135 apartment units. Colliers, Serbia has been appointed by Projmetal to undertake a valuation of a land plot, located at Vozdovac Municipality in Belgrade. Land area comprises approximately 50,000 sqm and it is planned for construction of shopping centre Trosarina of app 70,000 sqm. The center will be positioned on four levels, including ground floor, and will also include 3 underground garage levels. This will be the first modern shopping centre in this part of Belgrade with large catchment area.
Serbia Continued Two Commercial Deals In One Day Serbian Commercial department has signed two deals in one day last week. The first one with Delta Generali, one of the largest insurance company in Serbia, and the other deal with System One, an international company that provides IT hardware and software services within South Eastern Europe. Delta Generali has expanded for one more branch of 140 sqm which will be situated in one of the busiest streets of Palilula area in Belgrade, and System one will have a new office space of 200 sqm in the newbuilt office building in Zemun. Retail Department Secures New Representation Agreement Retail team in Serbia signed agreement with MPC Properties, one of Serbia s largest real estate development companies, for representing their existing shopping mall- Ušće Shopping Center. Ušće shopping Center is the largest modern shopping center in Serbia which was opened in spring 2009, and has over 140 shops, including vast leisure and entertainment facilities and over 1300 parking places. The Investor s objective is to diversify the retail offer and reorganize the tenant mix within the mall in order to enhance foot traffic and mall s performance. Colliers will be in charge of attracting new brands to the shopping mall, especially focusing on brands which are not yet present on the Serbian market.
United Kingdom Libya It s All Happening Having conquered Malta a couple of years ago the Development Solutions Department realised that Libya was but half an hour away and identified it as another land of opportunity. Thus they have become actively involved with several projects there and a number of staff members submitted themselves to the rather laborious process of obtaining the correct visas, in order to experience for themselves the activity and opportunities that exist in Libya. Sean Young and Roger Hobkinson were first to visit and they produced a feasibility report on a project at Tajoura Gardens on behalf of Nobles InvestmentThe work that they undertook was well received and we are currently awaiting the go ahead for the next phase of work. Following this study, Anthony Shapland, Jamie Acheson and Stephen Spendlove travelled to Libya to inspect a site that they had already been working on remotely from Malta, namely the Medina Tower, owned by the Corinthia Hotel Group, a mixed use scheme comprising: 240 apartments; 235,000 sq ft of Grade A office space; 88,000 sq ft of retail; 72,000 sq ft of food court and restaurants ; Exhibition space, health club and 900 seat auditorium. They have been providing initial development consultancy advice and are just about to move into a further phase of work involving further consultancy and leasing. International retail brands are starting to take stores in Tripoli but the existing shopping offer remains poor in terms of size and quality, and is very dispersed. Medina Tower will be pitched at the upper end of the retail spectrum. Tripoli s Bond Street perhaps? Chris Fowler-Tutt s International Valuation team and Marc Finney Hotel Feasibility team were then able to secure a mandate for the Corinthia Group to provide figures for the group s hotels in Tripoli and Benghazi as part of a global asset valuation assignment. Following the first visit in December, Stephen, Jamie and Anthony have been tracking activity in the Country, and with the help of some old contacts are now advising a Government organisation via its local JV partner, Optimum Alinmaa Group, who other Development Solutions colleagues had followed up with at MIPIM. Development Solutions is now providing advice on three mixed use developments Garghour Gardens (914,940 sq ft retail mall and large residential content, offices and community space), Souk Ispan (258,335 sq ft of convenience-style retail) and Miatiga Mall (currently military space, but planned as leisure or superstore scheme). It has been an interesting experience for the team and they have learned some new and interesting detail about the way property is dealt with in Libya. One of this is their Compulsory Purchase (CPO) methodology, whereby overnight properties that they want to compulsorily acquire have a red cross painted on the front door and in the morning, the occupiers have 14 days to vacate. We have now been asked for advice on a major logistics site near to the airport and another mixed use project in Benghazi and this is just the tip of the iceberg (or perhaps we should say the sand dune!). Stephen Spendlove, Development Solutions
Ukraine Retail Department of Colliers International Ukraine has completed a great deal! Colliers International (Ukraine) has signed and successfully concluded remarkable deal at Kyiv retail real estate market. The lease agreement was signed for 1 512 sq meters of retail space located at 17-23 Pobedy avenue - a top location at the busiest Kiev road, that adjoins many advantages such as great accessibility, high pedestrian and traffic flows. Colliers (Ukraine) retail team, representing the landlord, has successfully completed negotiations about lease of the premises to Antoshka company one of the leading and largest Ukrainian chains of children goods supermarkets, that operates 39 stores in 18 cities of Ukraine. For over 13 years on the market Antoshka has established a reputation of dependable and obliging company, well-known for its high quality and trendy product. Colliers International also participated in concept optimization of the project. As the result, the property layout concept will be changed increasing total leasable area (from 1 500 sq. meters to 2500 sq. meters). For today the facility is fully let out («Antoshkа», «Respect», «Collins») and currently is being reconstructed. The opening of reconstructed property with new tenants is scheduled for autumn of 2010. CoreNet Summit European Summit, London, UK 27-29 September 2010 Colliers International will, for the first time ever, be sponsoring the CoreNet Global Summit in EMEA. CoreNet Global is the primary organization for education and networking amongst major corporate occupiers. As Gold sponsors we will not only have a strong presence at the conference, our Corporate Solutions team will also be hosting an exclusive event for our top corporate clients. In Europe, the economic recovery is moving slowly. It is generally accepted that in the mature markets in Europe, business will continue to see slower growth, so better opportunities must be sought out in other places. The Colliers team will join their peers as they discuss today s changing business environment and consider which steps to take, which risks are worth taking and how to gain buy-in for innovation. The CoreNet European Summit offers the opportunity to build on, and further strengthen, Colliers International as a truly global service provider to corporate clients. For further information on this event contact tim.asson@colliers.com or gordon.dreger@colliers.com
Top Current Clients and Deals - Europe Albania Clients and Deals Details Lindner/Tirana Business Park Vodafone International Finance Corporation (IFC) City Park/ Mercator Brand The Touch of Sun/Lf Construction Sh.p.k Brokerage, Marketing, Legal and Development Management Advisory Country Mandate for Property Valuation Green Building Advisory Retail Market Advisory Residential Market Advisory Bulgaria Clients and Deals Details Carefour Bulgaria AD ETC OOD Orchid Multicomplex Varna BBT Projects Residential Park Sofia Retail lease Office lease Retail lease Feasibility study Sale of residential property Croatia Clients and Deals Details Trgovački centar Lumini d.o.o. Emonika d.o.o. Poreč Centar d.o.o. Hypo-leasing Kroatien d.o.o. Signed lease agreement for K i K Elektronika, 1.620 m2, Lumini shopping center Retail Marketability study and Leasing optimization study for Emonika project Valuation study and presentation memorandum for a retail project Valuation report for 13.147 m2 of land Czech Republic Clients and Deals Details Tacoma Consulting Duke Manufacturing Immoeast ECM Offices relocation in Prague (1,300 sqm) Warehouse lease in D1 Prologis Park (2,000 sqm) Valuation of office, retail and hotel developments in Prague Valuation of 10 development and 2 existing properties
Top Current Clients and Deals - Europe Greece Clients and Deals Details OTE Estate SA Audio Visual Entertainment Kraft & Cadbury Market Research and Development Appraisal for offices at the City of Patra and a plot in Faliro Athens Evaluation Study of a shopping mall in Athens Business Case to provide a realistic idea of the savings of the integration of the two companies in one Montenegro Clients and Deals Details Nikic Business Center Gintasmont Raznatovic Nova knjiga City Cyber Exclusive representation Exclusive representation Tenant in Stara Varos Centre Tenant in Stara Varos Centre and in Mall of Montenegro Tenant in Mall of Montenegro Serbia Clients and Deals Details Royal Apartments Ušće Shopping center Immoreal Projmetal Delta Generali and System one Residential sales Providing agency services in leasing of the space of Ušće shopping center Valuation of land for residential development located in Nis Valuation of land plot for shopping center located in Belgrade Office space lease Ukraine Clients and Deals Details Bank Forum (Commerzbank Group) Insurance Company Universalna / Gooioord Yves Roche Advent International Antoshka Mothercare Goodyear Retail & Office lease 1,200 sqm + 564 sqm Office Lease 1,300 sqm Office lease (market entry) Retail, Consulting Street retail lease 1,512 sqm Retail Lease Office Lease
ExpoReal 2010 As ExpoReal fast approaches, 4 6 October 2010, we are excited to come together for the first time under our new, unified Colliers International brand. Our stand will be in the same position as previous years, Hall B2, Stand 320, and we are making some significant changes to the look and feel to reflect the new Colliers International. Additionally, we will host a client cocktail party on the stand on Tuesday, 5 October. In order to maximize the efficiency and business potential of the Colliers stand whilst at ExpoReal below are details on the registration process, meeting facilities and associated processes plus additional information on stand events. Registration If you would like to register please complete the Zoomerang Survey http://www.zoomerang.com/survey/web22ay7fxg3ge. Your registration will be processed according to the information provided in the survey. Please Note : Registration is 125 Euros per Delegate. Once your personal details have been registered you will receive an e-mail with a link from which you will be able to print your 3-day ticket. It is important to remember to print your ticket as this will act as your pass providing free use of the public transport network system and entry and exit throughout the duration of the event. Your Colliers Company will be invoiced after ExpoReal. Meeting Rooms There are five private meeting rooms available on the Colliers stand as follows: 2 rooms x 4 persons 2 rooms x 6 persons 1 room x 8 persons Each meeting room is bookable in 30 minute periods. To reserve your meeting room please contact julie.drysdale@colliers.com. Client Event Colliers International is hosting a client cocktail reception on Tuesday 5 October at our stand from 19.00 to 21.00hrs. We will be serving drinks and canapés and have engaged a Cuban salsa band to perform during the reception. An email invitation will be provided closer to the event for you to send to your clients and we encourage all Colliers International professionals to attend. Miscellaneous Further details regarding the conference and the Colliers programme will be provided periodically. In the meantime, for more details on the ExpoReal Exhibition please visit www.exporeal.de or contact julie.drysdale@colliers.com
RISE About RISE: The Regional Initiative for Sustainability and the Environment (RISE) was founded in 2008 by Colliers International in Southeast Europe with the aim for Colliers to become the clear leader in green building consulting within the Southeast Europe regional real estate services sector. RISE is a holistic sustainability program that encompasses advisory services, employee education, corporate strategy, research and market leadership with regards to green building. Successful delivery of the second LEED GA exam prep course in Belgrade The second LEED Green Associate (GA) exam preparation course organized by Colliers and supported by USAID for external clients was complete on 15th of July in Belgrade, Serbia. This course, offered specifically for building sector professionals in Serbia, enjoyed stable attendance of about twenty people, even though it is the season of summer holidays. Participants include professionals and students with diverse backgrounds in architecture, engineering, interior design and construction management. The group will met twice a week Tuesdays and Thursday from 18:00 to 20:00 in the office of Colliers from 29th until 15th of July to learn everything they need to know to pass the LEED Green Associate credentialing exam. We had a very dynamic group of people with all kinds of professional experience, but all of them are so eager to learn more about sustainable development and green building. We even had people driving two hours from Nis and back just to attend the LEED GA prep course, organized by Colliers in Belgrade, says Devin Saylor, Senior Associate in RISE and the leader and trainer of the course. Among the students in the class are also four of our colleagues from the Belgrade office. Colleagues from the Property Management ICAS and even Finance Department are attending the classes. Let s wish them good luck!