Jury awards River Invest in Developer of the Year category

River Invest and Sema Parc, the real estate project that the company is developing won awards in “Developer of the Year” and “Best office building project” categories. Sema Parc is located on 42 hectares land parcel on the right shore of Dambovita river and includes four A-class offices with gross surface of 363,950 sqm, shopping spaces and hypermarket, all on 172,900 sqm and a residential park of 122,150 sqm.

“Apart from its size, the project has several features that makes it different from all other real estate projects in this segment: a well positioning with access to all types of means of transport - including subway – to main road arteries of the city, sufficient lots in the underground parking, which help us increasing the green space area, a series of services - technical, intervention, cleaning and security, leisure spaces, restaurants and coffee-shops,” said Ion Radulea (photo), chairman of River Invest.

The first two office buildings within Sema Parc compound that cover 50,000 sqm, were sold at the end of 2006 for nearly 90 million euros to the Austrian investment fund Europolis, real estate division of Investkredit Bank AG Austria.

Local-capital River Invest is controlled by businessman Ion Radulea and it is operational since 2003 in real estate business, with a development strategy until 2018. The company plans to develop several other mixed-use projects in Bucharest and in the country.

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DTZ Echinox, the Best Real Estate Agency of the Year

Within the annual ceremony organized by Roberts Publishing, the jury comprised Fulga Dinu (Eurohypo), Sorin Nistor (River Invest), Helmut Neuabauer (Europolis), Stuart Powls (EC Harris), Vlad Dumitrescu (Prologis) and Bryan Jardine (Wolf Theiss).

Real estate advisor DTZ Echinox received award for Best Real Estate Company, for the excellence of services and experience achieved in the local real estate market in 2008.

“I am delighted that the team has been recognized for its achievements. In a year when the market was more challenging, this success is an important indicator of our continued progress.” commented Tim Wilkinson, Managing Director of DTZ Echinox.

DTZ is a leading global real estate advisory and consultancy firm with more than 12,500 advisors and 200 offices in 163 cities. In November 2002, after 9 years of successful operations on the Romanian real estate market, Echinox Consulting entered a partnership agreement with the multinational company DTZ, Echinox Consulting becoming the local DTZ representative office, operating under the trade name of DTZ Echinox.