NewTown and Mivan Development wins Best Residential Development Award
CEE CIJ, Central & Eastern Europe’s leading Real Estate magazine has hosted a series of exclusive awards evenings in the five capitals where the magazine is published. The 2009 CIJ Awards Romania held its 2nd edition late last year at the InterContinental Hotel Bucharest.
Mivan Development Director John Houghton is pictured receiving the award.
The award for Best Residential Development, went to NewTown, by Mivan Development, Bucharest. Jury member Tom Gibney (Epstein Architecture & Engineering) said the project had achieved a leap forward in creating a sustainable urban development, along with shaping a new way of living for its inhabitants.
Started in 2008, the Bucharest edition has quickly become one of the most popular award evenings of the year.
The past year may have seen Romania's real estate market decline drastically, but the industry still managed to produce a large number of intelligent, high-quality projects across all sector classes.
The purpose of the 2009 CIJ Awards Romania was to determine which of these projects were the best of the best, and a high-powered jury was assembled to make these decisions. The winners this year tended to be projects or companies relatively new to the market, or those that demonstrated innovative solutions to longstanding problems.
