ISSUE TWO 2010

____Global Capital Flows

____Green Mind
____The Best Places on Earth to Eat
____Is the Only Way Up?
____360°
____Going Going Gone
____Next Stop Morocco
____Inner Beauty
____Exquisite Properties
Although every effort has been made to ensure that the
information contained in this publication is accurate there is
no guarantee that the information does not contain any errors
and there is no acceptance of any liability to the readers for
any losses caused or suffered as a result of any such errors.
The information contained within this publication should not be
taken as investment advice and there can be no acceptance
of any liability to the readers for any losses caused or suffered
as a result of any information contained within this publication.
All rights reserved. No part of the publication may be
reproduced, stored in a retrieval system or transmitted in
any form or by any means without prior written permission
unless expressly permitted or required by law.

Any enquiries concerning reproduction of the information

contained within this publication should be sent to
enquiries@inonthenet.com

Property Misdescriptions Act 1991: It is recommended that if

readers are interested in a property or development advertised,
written about or referred to within this publication they contact
the person specified in the relevant article or advertisement.
The contact will be able to answer specific questions about that
property or development or, alternatively, will be able to put you
in contact with someone that can. The contact will also be able
to confirm whether the relevant property or development is
under offer at the time of speaking.

Please note that, in particular, all descriptions, dimensions,

references to the condition of, permissions for the use and
occupation of and other details relating to the properties or
developments referred to in this publication are provisional
at the time of publication. Any readers interested in any of
the properties or developments referred to in this publication
should not consider these details to be a statement of fact and
should satisfy themselves as to the suitability of that property
or development by inspecting it directly. Accordingly, there
is no acceptance of any liability to readers for losses caused
or suffered as a result of any reliance on any information or
descriptions contained within this publication.
 1

The IN_Team
EDITOR
Sarah Anderson
EDITORIAL TEAM
Julian Jakobi
Jonathan Seal
DESIGN AND ART DIRECTION
Smith & Milton
PRINTED BY
A&R Associates
WEBSITE
www.INonthenet.com
WELCOME
IN_TO
A WELL
PRIMED WORLD

IN_MAGAZINE
 3

Welcome to
...your window into
the very best the
world has to offer.
Wherever it is in the world that
you may be sitting and reading
this magazine you will, in some
way, have been touched by the
global economic downturn over
the last two years.

As we go to print at the start of the second decade

of the second millennium, we are beginning to see
clear signs of economic recovery in many regions, and
although this recovery is slow, it is real.

Regardless of economic cycles, one thing of which

you can always be sure is that in all markets – whether
it’s residential property or any other – true quality will
always shine through.

I hope you enjoy the latest edition of IN_.

Sarah Anderson
EDITOR

EDITORIAL ADVISORY TEAM

Julian Jakobi
Julian Jakobi has spent over 30
years in the sports marketing
business, successfully managing
the careers of many iconic
figures, such as Bjorn Borg, Nick
Faldo, and Formula 1 world
champions Ayrton Senna, Jacques Villeneuve and
Alain Prost amongst others. Julian’s role is to manage
and guide the careers of these highly talented
individuals, developing their careers and offering
advice on every aspect of a professional sports career,
from contractual negotiations to PR management
and specialist financial planning.

Jonathan Seal
Jonathan Seal has unrivalled
experience of the international
property market, having spent a
number of years as a director of
some of the most internationally
renowned and recognised resi-
dential property companies in the world. Jonathan is
now in charge of global super prime residential at
the world’s largest real estate advisory firm,
CB Richard Ellis, a world-wide team that has the
experience and scope to offer advice on every step
of the development process.
IN_side

IN_ primeur
GOING, GOING, GONE
BY JAMIE RITCHIE

Is wine a good investment or should

we just drink it?

IN_vestment IN_sight
GLOBAL CAPITAL FLOWS 360º
BY NICK JOPLING BY DR. DAVID FISCHER

Analysts around the globe are increasingly being What is architecture if

pushed to identify the best opportunities to come not fluid, evolving with
out of the downturn. And with such a seismic shift the times, reflecting the
in asset valuations, opportunities are definitely out changing needs and
there for the careful investor. trends of communities?

IN_the know
THE BEST PLACES
ON EARTH TO EAT
THE S.PELLEGRINO WORLD’S 50 BEST RESTAURANTS

The world’s 50 best restaurants as voted for by 806

chefs, restaurateurs, food writers, and restaurant critics.

IN_MAGAZINE
 5

IN_sight
NEXT STOP
MOROCCO?
BY GABI WOOLGAR

Morocco ticks all the boxes

for the investor – is now the
time to take the plunge?

IN_finance
IS THE ONLY WAY UP?
BY HUGH GREENHALGH

The signs are looking good – the world’s economy

seems to be finding its feet once again.
Or so we hope.

IN_vogue
GREEN MIND
IN_transit BY GABI WOOLGAR

A PORSCHE FOR Nurturing nature is the name of the

THE FAMILY game for successful luxury eco-resorts –
ADVERTORIAL a blueprint for success which could allow
us all to holiday without costing the earth.
The new Porsche Panamera
challenges convention, blending
extreme comfort and practicality
with the raw performance and
innate connection with the
road you anticipate from a
Porsche sports car.

IN_teriors
INNER BEAUTY
DESIGNER DESTINATIONS

Leading British interior designer,

Helen Green, has established a reputation
for creating elegant, modern classic EXQUISITE
interiors for international private clients, PROPERTIES
prestigious developments, five-star hotels BY JONATHAN SEAL
and spas both in the UK and abroad. Jonathan Seal introduces a selection
of properties from around the world.

Around the world in 56 pages

IN_vestment

(5,>7967,9;@
05=,:;4,5;
67769;<50;@

IN_MAGAZINE
BY NICK JOPLING 7
IN_vestment

75%
The FTSE 100, Nasdaq and Hang Seng have climbed by
an average of more than 75 per cent since March 2009.
House prices fell from peak to trough by as much as
50 per cent in parts of the US.
FOLLOWING IN THE FOOTSTEPS OF MAJOR INSTITUTIONAL
PROPERTY INVESTORS DOESN’T SEEM AN OVERLY SENSIBLE
COURSE OF ACTION THESE DAYS. THE CREDIT CRUNCH HAS
LED MANY TO QUESTION THE PERCEIVED WISDOM OF BIG
NAME PENSION FUNDS, SOVEREIGN WEALTH AND PRIVATE EQUITY
FIRMS, AND WITH GOOD REASON. HOWEVER, LESSONS HAVE
BEEN LEARNT AND THE AVERAGE PRIVATE INVESTOR COULD DO
WORSE THAN FOLLOW THEIR LEAD – YOU CAN REST ASSURED THAT
SERIOUS INSTITUTIONS CAN ILL AFFORD TO GET IT WRONG AGAIN.

50% Which is why residential property investment has

all the hallmarks of a genuine opportunity. After all,
unlike other property classes, everybody needs a
roof over their head whether they are owners or
renters. In the United States, multi-family housing
(private rented residential property that is attractive to
institutional investors) was the only property sector to
retain a steady (albeit reduced) volume of capital
market activity by institutions through the downturn.
Aided by the cheaper debt markets provided by the
federal national mortgage association (Fannie Mae)
and federal home loan mortgage corporation
(Freddie Mac), this has not gone unnoticed by
investors elsewhere. They are attracted to its stable
income flows and low correlation with the
performance of equities and other property types.
Given that the economic downturn unravelled on the
back of weakness in the residential sector, it may
seem an odd place to seek new fortunes. However,
the sector is well-placed to perform well over the next
business cycle.

IN_MAGAZINE
 9

CHANGING FORTUNES OUTSIDE THE UNITED STATES, MOST NORTHERN

The wave of property market downturns has missed
few locations in its wake, with values tumbling across
the globe. This is certainly the case for residential
property, where house prices fell from peak to trough
by as much as 50 per cent in parts of the US with
double digit falls elsewhere.
Although it is not quite true that ‘what goes down
must come up’ with respect to property markets,
there has been a palpable shift over the past nine
months with respect to global economic fortunes.
Increasingly, the news stories of doom and gloom
are being replaced by evidence of business activity
beginning to return.
This new-found optimism is permeating markets
the world over, with the FTSE 100, Nasdaq and Hang
Seng climbing by an average of more than 75 per
cent since early March 2009. Investors have clearly
decided that the worst is behind us and now is the
time to place bets on opportunities that are coming
out of the global repricing of shares.
This renewed activity means that analysts around
the globe are increasingly being pushed to identify
the best opportunities to emerge from the downturn.
And with such a seismic shift in asset valuations,
opportunities are definitely out there for the careful
investor.
Institutional residential investment is not a new
phenomenon. But in the UK there is a paltry volume of
residential investment held by institutions compared
with other Northern European and US markets. This
is an anomaly which investors in the UK are actively
trying to put right.
The UK Government has been working with the
property industry to create an attractive proposition
for institutional investment to develop capacity in
the private rented sector. This could become a great
example of the way residential investment is now an
international opportunity for serious market players.
EUROPEAN COUNTRIES HAVE A ROBUST PROFESSIONAL
RESIDENTIAL INVESTMENT SECTOR, WHERE MUCH OF
THAT WHICH IS NOT HELD IN PUBLIC HANDS IS OWNED
BY EUROPEAN AND US FUNDS.
OPPORTUNITIES ABOUND
Elsewhere, the size of the United States institutional
residential investment market simply dwarfs all
others, currently estimated to be worth roughly
$500 billion. Its scale and relative liquidity also help
to make it a particularly attractive opportunity. US
analysts have noted a significant influx of new capital
from the Middle East and China, and interest from
Canadian and Western European funds. It is certainly
not a feeding frenzy, but a strong endorsement that
the sector is now recognised for its diversification
potential in a balanced property investment portfolio.
Outside the United States, most Northern
European countries have a robust professional
residential investment sector, where much of that
which is not held in public hands is owned by
European and US funds. The Chinese have been
reluctant to consider these markets – which may
have more to do with language barriers and a
lack of familiarity with European markets than
any meaningful investment considerations – but
residential property remains a strong opportunity
for a number of Europeans seeking fresh pools
of money. Middle Eastern funds have generally
been far more confident about European markets,
although they are naturally drawn to the major
centres such as Berlin, Paris, Madrid and London.
ALL DRESSED UP,
BUT NOTHING TO BUY
There is no shortage of institutions the world over
looking to invest in good quality, well let residential
property of scale, not least because residential
values correlate more closely to wages than most
other asset classes. This correlation is important
as wages growth is linked to pensions: the largest
liability for many institutions. It is not inconceivable
that the lack of suitable stock may be the catalyst
to some countries developing purpose built pro-
perties to meet both their investment needs and
tenant demand.
Established European markets should tap
some of this demand. There are good opportunities
to acquire stock, in Scandinavia, Germany, the
Netherlands and Spain. To take advantage, sellers in
these markets must recognise that the purse strings
may no longer be held in their own backyard, but
perhaps a little further afield.
As for individuals seeking their own property
fortunes, they could do worse than to follow the lead
of the major institutions. Residential may not be the
darling of the property investment community that
it was a few years ago, but fresh opportunities are
emerging in the new business cycle.

PEAK TO TROUGH RESIDENTIAL VALUES

% CHANGE DATES
US - 31.4% Q1 2006 – Q1 2009
UK -19% Q3 2007 – Q1 2009
Sweden -7% Q3 2008 – Q1 2009
France -11% Q1/2 2008 – Q2 2009
Germany -20% March 2007 – April 2009
Netherlands -11% Q3 2008 – Q1 2009
Spain -9% Q1 2008 – Q2 2009
Source: Economist

Middle Eastern funds have generally been confident about

European markets and are drawn to the major centres such as
Berlin, Paris, Madrid and London.
IN_transit

IN_MAGAZINE

Porsche Panamera
When it was first announced in
2007, the four-seater Panamera
seemed a distant promise with
only a concept sketch to hint at
its potential. It is now on sale and,
as you would expect with a new
Porsche, it challenges convention
and has sparked debate. One
thing however is clear, it is the
four seater you would expect
Porsche to build.
The Panamera is unique. It has been designed by
a Porsche team that did not consider convention;
their mission was to build the best car they could.
Consequently, the Panamera is highly individual
with a unique appeal to a wide range of drivers. It is
a package that blends luxurious comfort for four,
useable power and a flexible loading space
without the compromise of height. The low centre
of gravity and lightweight design combine with
raw performance to offer drivers an exhilarating
driving experience.
Built at Porsche’s Leipzig factory, birthplace to
both Cayenne and Carrera GT, it has similarities with
both. Like Cayenne, the introduction of Panamera
is a move into a completely new area of the
automotive market for Porsche and is a similarly
unique proposition. The similarities with the Carrera
GT are more visually obvious, with many styling cues
taken from what was a showcase for Porsche design
and engineering. Externally these are particularly
evident at the front of the car, in the muscular wheel
arches, low tapering bonnet, air intakes and rear-
MODEL ENGINE
Panamera S* 4.8-litre V8 engine
400 hp at 6,500 rpm
Panamera 4S 4.8-litre V8 engine
400 hp at 6,500 rpm
Panamera Turbo 4.8-litre twin-turbo V8 engine
500 hp at 6,000 rpm
*Manual gearbox.
view mirrors. Internally the sloping centre console is
a direct translation, flowing from front to rear where
it integrates with the rear seat to create two clearly
defined seating spaces in the back.
This clearly defined space for each passenger is
a key part of the Panamera concept. With all Porsche
models, designers strive to make the driver feel part
of the car but in the Panamera this is taken a step
further. Its unique space concept means that all
four passengers feel like they are in the driving seat
– it’s just that only one driver has a steering wheel.
The Panamera’s space concept also extends to the
flexible luggage space which can adapt to the needs
of almost any journey. The boot itself can hold up
to 445 litres but the tailgate and folding rear seats
make an almost level cargo floor, increasing the
load space to 1,263 litres – the key benefits of
a high performance estate but without the height
and weight.
Each Panamera is powered by a front-mounted
V8 engine with Direct Fuel Injection (DFI) technology.
The Panamera S and 4S share the same 4.8-litre
11
PERFORMANCE
Top speed: 177mph, 0–62 mph in 5.6 seconds
Top speed: 175mph, 0–62 mph in 5.0 seconds
Top speed: 188mph, 0–62 mph in 4.2 seconds
engine which delivers 400 hp at 6,500 rpm with a
maximum torque of 500 Nm. In the Panamera Turbo,
the 4.8-litre twin-turbo delivers 500 hp at 6,000 rpm
and produces a maximum torque of 700 Nm. The
Panamera S harnesses this power via a 6-speed
manual transmission as standard, while the 4S and
Turbo have the Porsche Doppelkupplung (PDK)
dualclutch transmission as standard. Each Panamera
variant offers stunning, sports car performance.
Key to the appeal of the Panamera is its intel-
ligent, lightweight design. Weighing in at 1,770kg, the
Panamera S is lighter than many two-seater sports
cars and this low weight translates into traditional
Porsche virtues – performance, handling and braking.
The new Porsche Panamera challenges con-
vention. It blends extreme comfort and practicality
with the raw performance and innate connection
with the road you anticipate from a Porsche sports
car. It is undoubtedly the four seater you expected
Porsche to build.
IN_vogue

IN_MAGAZINE
(;75$9$*$1&(238/(1&(
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There’s a new breed of developer who is responding to
13
their clients’ increasing awareness that, yes, they still want
a high standard of accommodation and lifestyle in their
chosen luxury hideaway, but not at the expense of the
surrounding environment.
Mistakes made in Thailand, and particularly on the
mainland at resorts like Pattaya, have afforded developers
in upcoming markets in Asia the opportunity to take a hard
look at alternatives to high-impact developments.
And, interestingly, by reverting to traditional building
techniques, the environment is cherished, addressing
in turn the more modern-day concerns for reducing
emissions and lessening carbon footprints.
A NEW BREED OF ENVIRONMENTALLY
FRIENDLY BUILDING
Stricter controls are creating a new breed of environment-
ally friendly buildings. Developers with the future of the
community at their heart, intent on not degrading their
surroundings and in some cases actually improving the
situation by adding to infrastructure and implementing
re-planting schemes, are taking control.
David Simister, Chairman of CB Richard Ellis Thailand
says: “There is an increase in the general awareness of
green issues, particularly among buyers. They’ve realised
that there’s no need to spend their US$3 million on an
ostentatious steel box when an intimate, traditionally
constructed villa, using renewable materials like bamboo,
is much more in keeping with the times and still gives
them the style and privacy they want.”
Previously inaccessible islands on the Thai-Cambodia
border are currently top of the list for eco-development,
with exciting possibilities for imaginative ways of creating
a resort with soul as well as cents. Set in Koh Kood,
Thailand’s fourth-largest island, and next to Koh Chang’s
Marine Natural Park, the Soneva Kiri project opened in
2009. Despite being Thailand’s fourth-largest island, Koh
Kood remains virtually unvisited.
“There are some spectacular rock formations, lush
tropical rainforests and secluded beaches,” says Simister,
who visited it recently. “It’s here that Six Senses Resorts
and Spa Group has chosen to establish one of its most
environmentally sensitive developments to date.”
Six Senses, a hotel group, has one of the longest
ecologically-friendly track records, with previous develop-
ments such as the Six Senses Hideaway in Nha Trang, its
Destination Spa in Naka Yai Island in Phuket, and Soneva
Fushi and Soneva Gili in Maldives. The company’s founder,
Sonu Shivdasani, and wife Eva have masterminded this
drive towards responsible resort development, with their
own eco-driven philosophy at the heart of the company’s
business model. “I set a goal that by 2010 we would be
zero emissions at our key resorts. We can not wait for
governments to tell us how to do it – we as entrepreneurs
need to take the initiative,” says Sonu Shivdasani, CEO and
Chairman, Six Senses Resorts and Spas.
“Soneva Kiri now goes far beyond even Six Senses
Destination Spa in Naka Yai in its efforts to minimise its
carbon footprint,” observes Simister.
It features an experimental, ecologically sustainable
villa, constructed entirely of materials sourced on the
island, yet still offers visitors their own spa pool, wine
cellar and the chance to swim in pure rain water – so it
has all the right environmental plaudits, combining style
with a minimum carbon footprint.
IN_vogue
Song Saa
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There are even some near fantasy elements to the
development, such as a children’s den built entirely
from bamboo and shaped as a gigantic manta ray
suspended high above the forest with magnificent
views over the bay – a lightness of touch rarely seen
in eco-resorts of the past.
A WINNING STRATEGY
It’s the delivery of a complete getaway lifestyle com-
bined with a non-compromising standard of natural
luxury, served with a twist of green, that makes the
Six Senses strategy such a winner.
There is a catch, however, to this kind of
commercial idealism – returning to environmentally
sustainable sources as a primary building material
is not necessarily a cheap option. Each resort must
be created to fit the individual needs of each new
location rather than conforming to a “one size fits all”
more economic approach. The type of pioneering
design used is bespoke rather than mass produced,
all adding to the bottom line. However, the long-
term returns for an investor interested in buying
into this green revolution are manifold – not least in
terms of saving the planet.
According to Simister, the financial rewards could
be substantial too, if the model provided by a Thai
green resort is anything to go by. “Looking back at
2009, a year when people have been carefully re-
appraising their buy decisions, it appears that Koh
IN_MAGAZINE
Koh Rong
Kood is possibly the hottest-selling Thai villa project
priced over US$3 million per villa, outperforming
conventional villas in the same price sector,” he says.
For adventurous investors looking to buy
a slice of undiscovered bliss, Cambodia is fast
becoming the country of choice. It has an extremely
young population, keen to have their slice of the
prosperity, and is only now starting to emerge as
a serious white sand tourism destination. Previous
tourism focused almost exclusively on Angkor Wat,
a World Heritage site.
One of Cambodia’s most beautiful islands is Koh
Rong, situated 13 miles off the coast of Sihanoukville.
Today the island is home to a fishing community of
1,500 living in four villages. There are 28 beaches,
and a sublime six kilometre crescent-shaped sweep
of crystal-white sand, with scarcely a footprint to be
found, carbon or otherwise.
There are obstacles of course, not least limited
capital for development. Despite this, its biggest
and best resource – its gentle, spiritual people and
beautiful lands – are just beginning to realise their
potential, and the opportunity to match Thailand’s
more established resorts is surely a possibility.
Koh Rong is already attracting considerable
interest from environmentally sensitive developers,
keen to institute a new kind of resort that works
in harmony with its surroundings. An environmental
impact study is underway with a team of international
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consultants – Scott Wilson Engineers, MAP Architects
and CB Richard Ellis as property consultant. The
island is to become “Asia’s first environmentally
planned island”. Provisions will be made to sustain
the existing working lives of the local inhabitants with
additional income to supplement their traditional
fishing and new jobs within the resort industry.
“We are very conscious of our responsibilities as
a lead consultant to create a sustainable and ethical
approach to the development of one of Southeast
Asia’s most beautiful locations”, says Simister.
UNSPOILT PERFECTION
Far-sighted decisions, such as mandatory low
densities and use of sustainable and replenishable
building materials, will be on the cards too, en-
couraging the long-term survival of Koh Rong’s
pristine splendour – which, after all, is its râison d’être
as a unique offering to purchasers looking for un-
spoilt perfection for their villa’s location.
Gulleys on either side of the roads will channel
rainwater which would otherwise go to waste. The
study team have advised that a bamboo plantation
should be grown, which would be self-replenishing,
cut down on transportation costs and reduce the
use of felled hardwoods; all reducing carbon
emissions and footprints.
Nestled in the lee of Koh Rong, the endearingly
named Sweetheart Islands (Song Saa) – so named
 The children’s den at Koh Kood: 15
The structure and roof are made of
bamboo and the interior is made
from local river red gum wood

by locals because the collection of tiny isles appear within the first six weeks. “We believe the success
The children’s den at Koh Kood: With its manta ray
to be cuddling up to each other – are also high on of Song Saa’s eco-development model will be inspired dome, perched in an elevated position, the
the list for sensitive development. replicated on a larger scale in future develop- building appears to launch itself into the bay
An Australian developer, Brocon Group, ments along Cambodia’s coastline and in Koh Rong,”
appointed CB Richard Ellis to launch a ground- says Simister.
breaking environmentally sensitive luxury resort
comprising 20 villas, of which 14 over-water and A MARRIAGE BETWEEN COMMERCIAL
jungle villas are available for private ownership, which AND ENVIRONMENTAL
is due for completion in the first half of 2011. It is this marriage between an environmentally
“Song Saa will really be at the top end of the beneficial concept and a commercially sound project
market for luxury resorts in Cambodia and will that perhaps defines successful eco-tourism. The
offer the unique experience of an exclusive private luxury market may want their rainwater spa but
island hideaway. Imagine Thailand 40 years ago they don’t want to have to collect the water them-
and you get an idea of the potential of Cambodia’s selves – it’s conscience tourism without any huge
islands,” says Song Saa’s founder, Rory Hunter. personal effort.
Brocon has taken innovative steps to preserve There are several areas where forward-thinking
China Hong Kong to
the islands’ unique natural bounty and has also developers and resorts are taking a green lead, Silhanoukville
2.5 hours
Laos
established Cambodia’s first fully policed and in particular power consumption. This is an area
privately funded marine protected area around the where technology can harness natural resources,
islands’ reefs, safeguarding the coral’s rich eco- making the most of the sun-soaked climate. Solar Thailand
Bangkok to
system, home to some of the largest remaining panels heat water, cutting out the need for polluting Silhanoukville
1 hour
Vietnam
populations of seahorses in the world. “We employ a fossil fuels. Cambodia
ngg Saa
Song
n S
Sa
full-time marine biologist to monitor the health of the Nurturing nature is the name of the game for Island
Is
slan
nd
n d
Resortt
reefs,” says Hunter, “which is great for the environ- successful luxury eco-resorts – a blueprint for suc-
ment and the islands’ indigenous community, but cess which could allow us all to holiday without
Koh Rong Island:
also has the added attraction of having an expert on costing the earth. 30 miles from the
coast of Cambodia
hand to take guests out for diving excursions.” Malaysia

Song Saa is the first project in Cambodia to be Singapore to

Silhanoukville

internationally launched, with 85 per cent of units sold 1.5 hours

IN_the know
 17

THE
S.PELLEGRINO WORLD’S
50 BEST RESTAURANTS LIST
IS DECIDED PURELY ON THE
VOTES OF A LARGE PANEL
OF WELL-RESPECTED
INTERNATIONAL JUDGES.

This comprises 806 chefs, restaurateurs, food writers

and restaurant critics, a third of whom did not vote in
the previous year.
The 2009 awards included a further 50 restaur-
ants, enlarging the list to 100 in total. The year also
sees the emergence of a Regional Winners award,
highlighting the best around the globe. For the fourth
year in a row Ferran Adrià’s El Bulli has topped the
worldwide poll of 806 chefs, critics and other industry
experts, whilst Heston Blumenthal’s The Fat Duck
retains second place. Below these perennial favour-
ites, however, it’s all change in the eighth annual listing
of the S.Pellegrino World’s 50 Best Restaurants.
Copenhagen’s Noma restaurant, with its youthful
head chef Rene Redzepi, ranks third, making an
exciting addition to the world’s greatest chefs trinity.
Noma, which rises seven places, also takes this year’s
Chef’s Choice Award. After all of the votes had been
counted and the top 50 restaurants established, the
head chefs of these extraordinary establishments
were asked to nominate the restaurant which they
considered to be the best in the world. It is the ultimate
honour Redzepi’s peers can bestow.
Last year’s Chef’s Choice, Mugaritz, retains its
highest-ever position at number four, whilst another
Spanish restaurant, El Celler de Can Roca, rises a
staggering 21 places to fifth, making it 2009’s highest
climber. With the eponymous restaurant Arzak in the
eighth position, Spain can claim more restaurants at
the very top echelons of the list than any other country.
IN_the know No32
Oaxen
Skargardskrog.
Stockholm, Sweden

No1
El Bulli
Roses, Spain

No6
Per Se
New York, USA

o
N 1
El Bulli
Cala Montjoi, Ap. 30 17480,
Roses, Girona.
Tel +34 972 150 457
www.elbulli.com

No 2
The Fat Duck
High Street, Bray,
Berkshire. SL6 2AQ
Tel +44 1628 580 333
www.fatduck.co.uk

No 3 Thomas Keller’s New York restaurant Per Se strikes

sixth position and, with The French Laundry also
well placed on the list this year, Keller is the only
Noma
Strandgade 93, 1401 Copenhagen K. restaurateur with two restaurants in the top 50.
Tel: +45 3296 3297 Perhaps it’s his eagle eye trained on the live video
www.noma.dk
streamed from the kitchen on the east coast to
settling at position 13. At Osteria Francescana, chef
Massimo Bottura introduces Italy’s old guard to
Spain’s new wave by taking traditional Italian flav-
ours and boldly toying with them. Meanwhile, last
year’s highest new entry Vendôme, with Joachim
Wissler at its helm, keeps the momentum going by

No 4
Mugaritz
Otzazulueta baserria, Aldura aldea
20zk, Errenteria 20100, Gipuzkoa.
Near San Sebastian.
Tel +34 943 522 455
www.mugaritz.com
the kitchen in the west that enables such un-
paralleled excellence to be maintained.
Family business, Bras, headed by chef Michel
Bras is the highest-placed French restaurant at
seven. France’s culinary heritage and mastery con-
tinue to draw in a wealth of admirers from across
the globe as it ties with the USA to score the highest
number of restaurants on the list, each has eight
rising a very respectable nine places to 25th position.
In 2009 more new talent has made its mark
on the list than in previous years. Such rising stars
and new entries include Steirereck of Austria (30),
New York’s Momofuku Ssam Bar (31), Mirazur in the
South of France (35), Iggy’s in Singapore (45) and
Quay in Australia (46).
The growing influence of Japanese chefs on the

No 5
El Celler de Can Roca
Can Sunyer, 48 17007, Girona.
Tel +34 972 222 157
www.cellercanroca.com
establishments in the top 50.
A young star, who refused to let a life-threaten-
ing illness stall his progress, continues to rise
through the ranks. Grant Achatz of Alinea, who was
the highest new entry in 2007, rose 15 places in 2008
and this year rises a further 11 places to join the
top 10.
The highest new entry swoops in from Italy
global restaurant scene has also been recognised
by the voters in the Nespresso World’s 50 Best
Restaurants Academy. Les Créations de Narisawa in
Tokyo is a new entry at 20.
Restaurant Mathias Dahlgren, which opened
less than two years ago, has won a clutch of awards
for its interior design. However, the “natural cuisine”
served by this renowned Swedish chef resonates

IN_MAGAZINE
 No37 The top 50 19
Le Quartier
Français
Franschhoek,
South Africa Ferran Adrià has topped
the international poll for
the 4th year in a row whilst
Heston Blumenthal’s The
Fat Duck retains 2nd place.

just as powerfully with critics and fellow chefs the
world over. Already it has gathered enough admirers
to find itself awarded a position on the S.Pellegrino
World’s 50 Best Restaurants list (50th).
The final new entry, charting at 40, are the
rock star chefs from Paris, Le Chateaubriand.
Undoubtedly the coolest of chefs in France, Inaki
Aizpitarte and his team were accurately tipped for
the top last year when they were awarded
Breakthrough Restaurant of the Year.
The restaurant tipped to break through into the
top 50 in 2010 is Marcus Wareing at the Berkeley.
The newly “released” Marcus Wareing has im-
pressed the world with his skill as a restaurateur as
well as a chef. He so narrowly missed charting in
the top 50 that Restaurant magazine is confident
that of all the new restaurants ranking 51–100,
}
his is the one guaranteed to break through on 1 El Bulli. Roses, Spain
to the list next year. 2 The Fat Duck. Bray, UK
One of only two new restaurants to chart in 3 Noma. Copenhagen, Denmark
2008, the “primitive cooking” of former fire fighter 4 Mugaritz. San Sebastian, Spain
Victor Arguinzoniz sees Asador Etxebarri in Spain 5 El Celler de Can Roca. Girona, Spain
continuing to impress chefs and critics alike. In 6 Per Se. New York, USA
7 Bras. Laguiole, France
complete contrast to the high-tech, gadget-loving
8 Arzak. San Sebastian, Spain
maestros that dominate the top of the chart, this
9 Pierre Gagnaire. Paris, France
self-taught chef has elevated cooking over an
10 Alinea. Chicago, USA
open flame to new heights. 11 L’Astrance. Paris, France
A restaurant’s ranking on the S.Pellegrino 12 The French Laundry. Yountville, USA
World’s 50 Best Restaurants list is decided purely 13 Osteria Francescana. Modena, Italy
on the votes of a large panel of well-respected inter- 14 St John. London, UK
national judges, collectively called the Nespresso 15 Le Bernardin. New York, USA
World’s 50 Best Restaurants Academy. 16 Hotel de Ville. Crissier, Switzerland
Announced a week prior to the event, the Lifetime 17 Tetsuya’s. Sydney, Australia
Achievement award went to Joël Robuchon. 18 L’Atelier de Joël Robuchon. Paris, France
19 Jean Georges. New York, USA
20 Les Créations de Narisawa. Tokyo, Japan
21 Chez Dominique. Helsinki, Finland
22 Ristorante Cracco. Milan, Italy
23 Die Schwarzwaldstube. Baiersbronn, Germany

The final new entry, charting at 40, are the 24

25
D.O.M. Sao Paulo, Brazil
Vendome. Bergisch Gladbach, Germany
rock star chefs from Paris, Le Chateaubriand. 26 Hof van Cleve. Kruishoutem, Belgium

Undoubtedly, the coolest of chefs in France. 27

28
Masa. New York, USA
Gambero Rosso. San Vincenzo, Italy
29 Oud Sluis. Sluis, Netherlands
30 Steirereck. Wien, Austria
31 Momofuku Ssam Bar. New York, USA
32 Oaxen Skargardskrog. Stockholm, Sweden
33 Martin Berasategui. Lasarte-Oria, Spain
34 Nobu. London, UK
35 Mirazur. Menton, France
36 Hakassan. London, UK
37 Le Quartier Français. Franschhoek, South Africa
38 La Colombe. Cape Town, South Africa
39 Asador Etxebarri. AXPE, Spain
40 Le Chateaubriand. Paris, France
41 Daniel. New York, USA
42 Combal Zero. Tivoli, Italy
43 Le Louis XV. Monte Carlo, France
44 Tantris. München, Germany
45 Iggy’s. Singapore
46 Quay. Sydney, Australia
47 Les Ambassadeurs. Paris, France
48 Dal Pescatore. Caneto, Italy
49 Le Calandre. Rubano, Italy

No24 50 Mathias Dahlgren. Stockholm, Sweden

D.O.M.
Sao Paulo, Brazil www.worlds50best.com
IN_the know

Continental
Restaurant
Awards:
The best regional
A C
establishments the
Academy members B
have eaten in around
the world during the F D
E
last 18 months

Best Restaurant in Best Restaurant in Best Restaurant in

EUROPE ASIA NORTH AMERICA
A B C
EL BULLI LES CRÉATIONS DE NARISAWA PER SE
Apartado 30, 17480 Roses en Cala Montjol, Spain 2-6-15 Minami Aoyama, Minato Tokyo, Japan 10 Columbus Circle (at 60th Street),
Tel: +34 972 150 457 Tel: +81 (3) 5785 0799 4th Floor, New York, NY 10019, USA
(after 3pm during the season) Tel: +1 212 823 9335
www.elbulli.com www.narisawa-yoshihiro.com www.perseny.com

Ferran Adrià’s generous willingness to share his
knowledge means his influence now spans the
globe. Many of those who have worked with him
have taken his techniques and ideas back to their
part of the world. Maybe this is what drives Adrià to
surpass himself each year, in the knowledge that
the people who have worked for him are one day
capable of topping this list themselves.
Ferran Adrià continues to tear up the fine-dining
rule book, presenting customers with food that often
defies description, and maybe even defies the laws
of physics, too.
Although the competition was closer than ever
before, the Academy has yet again voted El Bulli as
Europe’s and the World’s Best Restaurant.
Chef Narisawa and Les Créations de Narisawa have
been the best-kept secret of Tokyo’s elite gourmands,
until now.
When he was just 19 years old he packed his
bags for Europe on a mission to learn, and he
managed to learn from two of our Lifetime Achieve-
ment winners, Paul Bocuse and Joël Robuchon.
Yoshihiro Narisawa has an unorthodox
approach to French cuisine. At Les Créations de
Narisawa he is pushing new boundaries by cook-
ing with organic soil, charcoal and water.
With signature dishes such as foie gras with
strawberry and lobster flavoured with tomato and
vanilla, followed by a rich chocolate fondant and
rose sorbet, it’s not hard to see why the Academy
has propelled this restaurant so high on the list of
the World’s 50 Best Restaurants.
In Per Se, Thomas Keller and Jonathan Benno have
successfully created an urban interpretation of The
French Laundry for New York.
Salmon cornet and signature oysters and
pearls open the meal at both. Daily menus offer
nine petite courses of perfectly wrought modern
US cuisine.
Snake River Farm beef with crispy bone marrow
or spring lamb with butter poached morels deliver
an experience that has earnt Per Se the recognition
of the academy and the title of Best Restaurant in
North America.

IN_MAGAZINE
 }
51 to 100 51 Zuma. Hong Kong, China
52 Marcus Wareing at the Berkeley. London, UK
53 Spondi. Athens, Greece
76 Restaurant Dieter Muller. Bergisch Gladbach, Germany
77 Geranium. Copenhagen, Denmark
78 Caprice. Hong Kong, China
21

Best restaurants 54 L’Arpege. Paris, France

55 L’Atelier de Joël Robuchon. Hong Kong, China
in the world 56 Hibiscus. London, UK
57 Aqua. Wolfsburg, Germany
58 Le Gavroche. London, UK
59 Chez Panisse. Berkeley, USA
60 Les Amis. Singapore
61 El Poblet. Denia, Spain
62 Maison Pic. Valence, France
63 Cafe Pushkin. Moscow, Russia
64 Le Meurice. Paris, France
65 Bukhara. New Delhi, India
66 Varvari. Moscow, Russia
67 Schauenstein. Fürstenau, Switzerland
68 RyuGin. Tokyo, Japan
69 La Maison Troisgros. Roanne, France
70 Wasabi. Mumbai, India
71 The River Café. London, UK
72 Enoteca Pinchiorri. Florence, Italy
73 Le Cinq. Paris, France
74 Allegro. Prague, Czech Republic
75 Quintessence. Tokyo, Japan
79 Jardines. Cape Town, South Africa
80 Amador. Langen, Germany
81 Biko. Mexico City, Mexico
82 L’Atelier de Joel Robuchon Vegas. Las Vegas, USA
83 Fasano. Sao Paulo, Brazil
84 Mosaic. Bali
85 Obauer. Werfen, Austria
86 Alain Ducasse au Plaza Athenee. Paris, France
87 L’Ambroisie. Paris, France
88 Maison Boulud. Beijing, China
89 De Librije. Zwolle, Netherlands
90 Babbo. New York, USA
91 Maze. London, UK
92 Zuma. London, UK
93 Manresa. Los Gatos, USA
94 Pier. Sydney, Australia
95 De Karmeliet. Bruges, Belgium
96 Aubergine. Cape Town, South Africa
97 Bo Innovation. Hong Kong, China
98 Rust en Vrede. Stellenbosch, South Africa
99 Del Posto. New York, USA
100 Pierre Gagnaire. Dubai, UAE

Best Restaurant in Best Restaurant in Best Restaurant in

SOUTH AMERICA AUSTRALASIA THE MIDDLE EAST AND AFRICA
D E F
D.O.M. TETSUYA’S LE QUARTIER FRANÇAIS
Rua Barao de Capanema, 549 Jardins, 529 Kent Street, Sydney, NSW 2000, Australia 16 Hugenot Road, Franschhoek, 7690,
Sao Paulo 01411-01, Brazil Tel: +61 2 9267 2900 Western Cape, South Africa
Tel: +55 (0)11 3088 0761 Tel: +27 21 876 2151
www.domrestaurante.com.br www.tetsuyas.com www.lequartier.co.za

Atala was a DJ, but thankfully for us, and Sao Paulo,
he has left the decks behind to become Brazil’s
biggest culinary star by incorporating everyday and
obscure ingredients from the heart of the bountiful
Amazon region.
Truffles and foie gras play supporting roles in
D.O.M. to cambuca fruit, manioc root and tucupi juice.
Atala fuses his classical French training with
native produce with amazing results, and having
opened a second restaurant, Dalva e Dito, in
January, he’s a rising star that Sao Paulo can cherish.
Tetsuya moved to Sydney aged just 22, and under
Tony Bilson he learnt the skills in just 18 months
that enabled him to open his own restaurant.
Today Tetsuya’s specialty is fish and his menu
has an abundance of Pacific Ocean gems in its
13-course degustation menu.
Signature dishes include a confit of petuna
ocean trout with konbu, daikon and fennel.
Tetsuya’s is the best restaurant in Australia,
a worthy title in a country with such a burgeoning
restaurant scene.
Le Quartier Français is a heavenly rural retreat,
and Margot Jansen runs a restaurant there to match
– the Tasting Room.
Margot uses seasonal local ingredients, so
visitors can expect to see wildebeest, franschhoek
trout or ganzvlei vastrap Cheddar on the menu.
According to Eat Out South Africa, there’s a
delightful sense of humour at play in this sen-
sory journey using seasonal local produce and
luxury ingredients such as foie gras, flavours
are adventurous.

www.worlds50best.com
IN_finance
IS THE
ONLY
WAY UP?
By Hugo Greenhalgh
The signs are looking good. The equity markets
are rising, commodity prices are increasing and
generally the world’s economy seems to be
finding its feet once again. Or so we hope.
Warnings abound of a W-shaped recession that
would send markets back down once again, before
a sustained recovery later in 2010. Economists –
although somewhat discredited after failing to
accurately predict the events of the last 24 months
– argue that the banks are still undercapitalised
and susceptible to another market shock.
The point? The future is uncertain and every
high net worth individual should look at the most
efficient means of protecting their portfolios from
HUGO GREENHALGH IS any market movement.
EDITOR OF SPECIAL REPORTS,
MAGAZINES AND WEBSITES, CURRENCY MOVEMENTS
AT THE FINANCIAL TIMES This is why investing with one eye on currency fluc-
tuations is important. As one currency goes up,
another goes down, and if your portfolio – as is likely
– straddles more than one time zone, it will not just
be the hours that tick by the further you move away
from home.
“You could be hugely affected by currency move-
ments,” explains Adam Bobroff, director of foreign
exchange at Foremost Currency Group. “Look at
what has happened recently with sterling against
the euro: there has been a 10 per cent movement.
For a high net worth individual’s portfolio – which
might run into many millions – a 10 per cent shift is
a huge impact.”
IN_MAGAZINE
Figures from RBC Wealth Management back
up Bobroff’s point. Looking at the impact of being
invested in different markets in various different
currencies, the discrepancies are both obvious
and shocking. According to their statistics, in the
two years since the credit crunch began at the end
of September 2007 until the end of September last
year, if you had been a Japanese yen-based investor
in the Russian Micex stock market you would have
lost 56 per cent. Brazilian real-based investors in
Russia would have fared almost as badly, seeing
their investments slump by 45.7 per cent.
Conversely – and there is some good news
if you play the currency markets well – UK sterling-
based investors in Brazil would have seen their
investments rise by 35.2 per cent. And remember –
this is even before the impact of movements in the
stock markets is taken into account, which shows
that not considering which currency you’re invested
in can have a major impact on your portfolio.
PORTFOLIO PROTECTION
So what can you do if your portfolio is exposed
not just to the movements in the price of equities
and bonds, but is also at the mercy of the currency
markets? Simple, explains David Kerns, dealing
manager at Moneycorp, the foreign exchange
THE UPS AND DOWNS
OF INVESTING IN THE
GLOBAL ECONOMY.
Between September 2007 and
September 2009:
+35.2%
UK sterling-based investors in Brazil would have seen their
investments rise by 35.2 per cent.
specialist, you take out what’s called a “forward
contract” to “hedge” – or protect, in this instance –
against currency risk.
First, he says, as with everything, you need to
plan ahead. “Currency markets are in constant fluc-
tuation and if you leave a payment to the last minute,
you will have to accept the rate at the time of transfer
– whatever that might be,” he explains. “If six months
ago you knew you had to make a payment in euros
around this time, but had done nothing to secure
your exchange rate, the payment could now cost
20 per cent more.”
To avoid situations like this, Kerns continues,
“you can use a ‘forward contract’, which allows you
to lock into exchange rates for up to two years
ahead”.
What this means in practice is that you can
fix the price of a particular currency at a particular
time in the future. “Forward contracts can be used
to lock into favourable exchange rates, or simply to
protect you against adverse currency movements
– something that is important in today’s volatile
currency markets.
“Some people prefer not to commit their entire
requirement to a forward contract, as they would
then not benefit from better exchange rates if they
did become available in the future. However, with
-56%
If you had been a Japanese yen-based investor in the Russian
Micex stock market you would have lost 56 per cent.
-45.7%
Brazilian real-based investors in Russia would have fared almost
as badly, seeing their investments slump by 45.7 per cent.
“Look at what has happened recently with sterling
against the euro: there has been a 10 per cent
movement. For a high net worth individual’s
portfolio – which might run into many millions –
a 10 per cent shift is a huge impact.”
ADAM BOBROFF
DIRECTOR OF FOREIGN EXCHANGE,
FOREMOST CURRENCY GROUP.
future prices notoriously difficult to predict, the
opportunity to guarantee your rate can be hugely
beneficial.”
Put simply, it is a form of protection against fluc-
tuations in the currency markets. While you may be
losing on the upside – if the currency moves past
the point at which you’ve agreed to set the price –
more importantly you’ve protected yourself from
the downside of any major falls.
For example, explains Foremost’s Bobroff,
“when the pound is looking as vulnerable as it has
been, then you can fix a point on the way up, so
when the pound trickles down again, you’ve hedged
against it to protect yourself”.
Yet while currency fluctuations can certainly
prove detrimental to your portfolio, they can, of
course, provide opportunities for canny investors.
A word of warning, though: it is a commonly held
view even among the most experienced traders in
the City of London that the Forex markets – as they’re
known – are among the most difficult to predict.
Certainly there have been many tales of glory, but
for every George Soros, who reportedly made a
billion dollars by betting on sterling falling out of the
European Exchange Rate Mechanism in the dark
days of Black Wednesday, there are many more
untold stories of traders racking up loss after loss.
23
But the warning aside, many experts point
to the rise in the commodity markets as a major
trend that will affect currencies in the next 12–18
months. “The commodity currencies [for example,
the New Zealand dollar, the South African rand
and the Australian dollar] have been a huge
driver of the market over the last three months,”
explains Bobroff.
Moneycorp’s Kerns agrees. “The Australian and
New Zealand dollars both continue to gain ground
against sterling as investors seek any obvious
interest-rate-yield advantage.”
Avoid the dollar, though, is the general
consensus. “The US dollar is in a lose–lose sit-
uation at the moment,” adds Bobroff. “Many people
parked their funds there recently as they saw it as a
safe haven, but now as risk comes back into the
market, the dollar will weaken as money starts to
pour out. It’s the whipping boy of the currency market
this year.”
For high net worth individuals, though, the lesson
is clear: ignore currency fluctuations at your peril.
Always hedge your assets and – for the more sophis-
ticated investors – remember that with additional risk
can come the chance of an extra return.
BREMONT MBII
The Bremont MBII was designed and built with
the aim of becoming the definitive aviation
chronometer in the market place. Tested and
designed in conjunction with the iconic British
aviation company ‘Martin-Baker’, who are
responsible for supplying 70% of the world’s
air-forces with fighter ejection seat technology,
the watch had to withstand the same rigorous
testing as the seats themselves.These tests
include shock, vibration, temperature extremes,
and sea- fog tests amongst others.

Bremont’s unique rubberised anti-vibration

mount absorbs extreme shocks and the Faraday
cage protects the movement against magnetic
forces. This is the only watch ever to have been
subjected to a live ejection testing program.

www.bremont.com

MBII
IN_sight

IN_MAGAZINE
27
IN_sight

Dr. David Fisher, the architect and creator of the

Dynamic Tower, began his career in Florence,
Italy. He graduated with honours in Architecture
from the University of Florence and later be-
came a lecturer of Architecture and Structural
Engineering at the same university. After his
involvement in restoring ancient monuments
and designing public buildings in Florence, for
the last three decades he has been passionately
creating architecture to exist in harmony with
nature, as well as redefining the technical and
technological extremes of buildings, in major
cities around the world.

RESHAPING ARCHITECTURE
The concept of a building changing shape is completely revolutionary and has fascinated millions all
over the globe. Residents, if they own the entire floor, will be able to control the speed and direction
of the rotation by voice command. They can have breakfast watching the sunrise, lunch viewing
the open sea, and dinner overlooking the lights of the city – all from the same place inside their
unit. Multi-tenanted floors will be commanded by the architect, the mayor or whoever has the
password to the computer program that will give the building a different shape at every glance.
According to the Florentine architect Dr. David Fisher, these buildings will be designed by
all of us, at any given moment. They will be shaped according to our needs, our present
concepts of design and, quite importantly, our moods – as an expression of freedom,
beginning for the first time in history to control the shape of our homes and cities.
“Today’s life is dynamic, so the space we are living in should be dynamic, adjustable
to our needs which change continuously, to our concept of design and to our mood.
Buildings will from now on be part of nature. They will change direction and shape
from spring to summer, from sunrise to sunset, and will adjust themselves to the
weather,” Fisher states. His vision of the future of architecture is: “Designed by Life,
Shaped by Time.”
The Dynamic Tower is the first skyscraper to be entirely assembled in a
factory from pre-fabricated parts. The factory-made construction process
REVOLUTIONARY CONSTRUCTION offers many advantages as with any modern industrial product: conserving

85%
PLANT energy, reducing construction time and cutting costs. Each individual unit is
Dr. David Fisher’s revolutionary
Dynamic Tower is the first PREASSEMBLY completely finished at the factory and exported to the assembly site, ready
skyscraper to be assembled for quick and efficient installation.
entirely in a factory.

15%
SITE POWERED BY THE SUN
INSTALLATION Each module of each unit will be fully equipped with all necessary
plumbing and electric systems plus all finishes from floor to ceiling,
customized according to the owners’ specifications, including
ASSEMBLING PROCESS ADVANTAGES bathrooms, kitchens, lighting and even furniture. The pre-fabricated

30%
FASTER module units are then simply hooked together mechanically and
BUILDING hoisted up the concrete core. Due to their pre-fabrication, these
PROCESS buildings of the future will also be easy to maintain and repair,
making them more durable than any traditional structure.

10%
COST
SAVING

IN_MAGAZINE
 The first building in motion which
adds a new dimension to architecture:
29
Time – the rotation speed can be set
between 60 minutes and 24 hours for
one complete revolution.

“DESIGNED BY LIFE,
SHAPED BY TIME”
DR. DAVID FISHER

The Dynamic Tower also takes the concept of “green” buildings to

the next level, generating electricity for itself, making it the first skyscraper THE ROTATING TOWER
designed to be entirely powered by wind and sun.
HAS BEEN ELICITING
ENTHUSIASM ALL OVER
With wind turbines fitted horizontally between each rotating floor, an
80-storey building will have up to 79 wind turbine systems, making it a true
green power plant. While traditional vertical wind turbines have environmental
and social effects, including the need for roads to build and maintain them,
THE WORLD – TIME
plus their noise and obstruction of views, the Dynamic Tower’s wind turbines are MAGAZINE SELECTED
THE DYNAMIC TOWER
practically invisible and extremely quiet due to their special shape and the carbon
fibre material of which they are composed.
Photovoltaic ink is to be placed on each roof of each rotating floor to produce solar
energy. With approximately 20 per cent of each roof exposed to the sun and light, a
AS ONE OF THE BEST
building with 80 roofs equals the roofing space of 10 similar sized buildings. INVENTIONS OF 2008
In addition, natural and recyclable materials including stone, marble, glass and wood are
intended for the interior finishing. Further improving the energy efficiency of the Dynamic Tower,
insulated glass and structural insulating panels are employed. During construction, energy
use is reduced due to the pre-fabrication of the buildings in a factory, versus traditional construct-
ion methods. This results in a cleaner construction site with limited noise, dust, fumes and waste.

2008 WORLD ARCHITECT OF THE YEAR

The rotating tower has been eliciting enthusiasm all over the world – TIME Magazine selected the
Dynamic Tower as one of the Best Inventions of 2008, and Dr. David Fisher received the 2008 World
Architect of the Year award by the Developers and Builders Alliance.
His revolutionary idea is not only going to change the skyline of major capital cities but also our lifestyle
and our idea of real estate as we know it. Here we are not talking about a normal piece of property but an entirely
new commodity. This spectacular and breathtaking building with its bold and elegant design will provoke in all
of us the desire to possess something that goes beyond whatever we have imagined. The magnificent
skyscraper will not only be a successful partnership of luxurious residences and hi-tech offices that will meet
the demands and aspirations of people with the most exquisite tastes and sense of creativity, but its exclusivity
will satiate the global appetite for luxury and uniqueness. This building with its ever-changing views and shape will
satisfy, and quite probably exceed, our ever-changing desires – the Dynamic Tower is a dynamic living space for the
dynamic elite.
IN_primeur

Is wine
a good
investment JAMIE RITCHIE
MULLS IT
OVER WITH A

or should SMALL GLASS

OF MOUTON
ROTHSCHILD

we just
drink it?
IN_MAGAZINE

Nowadays, everyone likes to talk about wine as an
alternative investment (our office gets at least five
enquiries from journalists per week), but this bypasses
the fact that wine can enhance so many things in life
– great meals with friends, an evening on one’s own,
the enjoyment of learning about and visiting different
wine regions being just a few. However, most of all, it
is the enjoyment of sharing wines with friends that is
driving increased demand and continuing the long-
term upward trend in prices, which results in “Investing
in Wine” being the hot topic it is today.
My own interest in wine started when, at age 18, I
realised that if I drank a bottle of wine everyday (which
was highly likely) and lived until I was 70 (not that
ambitious), I would consume 19,000 bottles of wine,
so I may as well enjoy them.
DEMAND IS STILL GROWING ON A
WORLDWIDE BASIS
Despite the natural softening of prices the wine market
experienced following the financial meltdown from
October to December 2008, the sale and price of
fine wine has bounced back remarkably strongly
and, from the most recent sales in September
2009, the upward momentum is continuing. There
continues to be enormous growth in new buyers
coming into the wine market, particularly from a
younger demographic group (the average age of
our auction buyer has gone from 60 to 40 years old)
and this is not just from newer wine drinking areas
such as Asia or Russia, but throughout Europe and
the United States.
While it is fair to say that demand is still growing
on a worldwide basis, since January 2009 it is Asian
buyers who are now driving demand, having picked
up the baton dropped by North American buyers, who
had been running with it ever since the mid-1990s.
In 1994, when New York deregulated the sale of wine
and allowed wine auctions to take place, they created
a secondary market for wine in the United States,
which previously did not exist and enabled collectors
to consider wine as an investment rather than just a
drink, thereby fuelling unprecedented demand from
US buyers over the following 15 years.
SO WHERE IS THE MARKET STRONGEST?
In 2009 Asian buyers purchased 57 per cent of the
wine sold at Sotheby’s worldwide, and have
purchased more than 80 per cent of the most
valuable lots. If you think this is impressive, in
Sotheby’s first year of holding wine auctions
in Hong Kong, it is highly likely that we will sell
more wine there this year than in either London
or New York – it will come as no surprise that I am
writing this on a Cathay Pacific flight from New York
to Hong Kong! As for regional details, as you would
expect mainland China is leading the way, but not
without strong support from Hong Kong, Taiwan,
Singapore and Japan.
So, where is the strength of the market? Bordeaux,
as so often, leads the way for the following reasons: it
is easy to understand, as there are only two variables
to match up – brand and vintage (e.g. Château Mouton
Rothschild 1982); there is sufficient supply (average
production is around 10,000 to 30,000 cases); and
it has a great track record of improving as it ages.
Demand is strongest for the best known of the
first growths, with Château Lafite Rothschild leading
the way, followed by Château Mouton Rothschild –
the prices of both these wines are back to trading at
pre-October 2008 levels, while wines like Château
Pétrus are also rebounding strongly. Other top
Bordeaux, such as Château Haut Brion and the
super-seconds can look relatively good value in
comparison.
80%
Asian buyers have purchased more
than 80% of the most valuable lots.
31
As for what the future holds, I believe the simple laws
of supply and demand tell you all you need to know:
the supply of wine increases by one vintage (young
and not yet drinkable) each year
each year supplies of older wines decrease as
bottles are consumed (assuming counterfeiters are
not a significant factor in creating “new” old wine)
if wine continues to appeal to both a younger and
wider geographic group, there will be a continued
increase in demand
supply of great wine is (relatively) fixed – the vineyards
of these top properties are fully planted and they
cannot make more wine
over the long term, demand increases, supply
remains static at best, prices will inevitably increase
If you like drinking wine (and the Asian buyers do),
then I would recommend looking out for good value
opportunities in the marketplace whenever you see
them – a few examples are 1995, 1996, 1998 and
2001 Bordeaux. If you happen to have to sell them
down the road, it may not be all bad.
Jamie Ritchie has been working for Sotheby’s
since 1990, starting out as an expert in London
and relocating to New York in 1995. He manages
Sotheby’s retail and auction wine businesses in both
North America and Asia, where he set up Sotheby’s
Wine Sales in New York (1994) and Hong Kong (2009).
Throughout his years with Sotheby’s, his expertise
and knowledge of wine played an integral role in
the success of many extraordinary sales, and he
continues to act as auctioneer for Sotheby’s wine
auctions, as well as leading tastings and charity
auctions around the United States.
57%
Asian buyers have purchased 57% of the
wine Sotheby’s have sold worldwide.
IN_sight

WHERE DOES THE SUN

SHINE FOR MOST OF THE
YEAR, WHERE YOU CAN
SHED YOUR CLOTHES IN
FAVOUR OF SWIMWEAR IN
LESS THAN FOUR HOURS,
FROM PRETTY MUCH
ANYWHERE IN EUROPE?
AND WHERE CAN YOU LOUNGE SIPPING
YOUR MINT TEA, WITH A VIEW OF THE
SAHARA’S SANDS, OR THE MOUNTAINS
OF THE MOST ANCIENT CONTINENT ON
EARTH, SOAKED IN THE SCENTS OF THE
SOUK, FROM THE COMFORT OF YOUR
BRAND NEW VILLA?

IN_MAGAZINE
 33

NEXT
STOP
MOROCCO!
Morocco ticks all the boxes for the
investor with an eye on getting a bang
for their buck – and now is the time
to take the plunge. The momentum
is clearly there. In early 2009, King
Mohammed VI’s far-sighted plans
to boost his country’s economy with
the Vision 2010 Tourism Strategy
resulted in Morocco being crowned
the 2009 African Tourism Destination
of the Year at a glittering ceremony
in London. His aim to attract 10
million tourists to the country by
2010 has resulted in a gold rush for
property developers, keen to cash
in on the need to accommodate all
those new visitors, cashed up and
ready to raid the souks. However, like
all things blessed with momentum,
there’s an optimum time to jump on
the bandwagon before it disappears
over the horizon forever – and that
time for Morocco is now.
NEXT
STOP
MOROCCO!
You’ll find golf courses
overlooking the sea, spas,
gallerias and villas with
Marrakesh, Casablanca and
Tangiers on your doorstep.
AN EMERGING AND VIBRANT MARKET
All this is very good news indeed for the would-
be investor, jaded by the more traditional hotspots
around the Med, and previously perhaps wary of in-
vesting in a country that may have been perceived
as adventurous at best. A stronger infrastructure,
with new highways, improved telecommunications,
banking and provisions for health care and educat-
ion, the infrastructure is approaching completion
thanks to the king’s vision. All these measures are
designed to complement the raft of new high-
end residential developments springing up on
particularly attractive – and here size is everything –
generously proportioned plots.
Some new players have emerged in this vibrant
market, including Prestigia, Alliances, Palmeraie
Development and Inveravante as star performers.
These groups have real estate projects planned in
the main cities of Morocco (Marrakesh, Casablanca,
Rabat, Tangiers and Fes) and some of them have
recently tasked international estate agency
CB Richard Ellis to advise on their high-end and
deluxe property developments.
IN_MAGAZINE
Karim Beqqali, Casablanca-based managing
director of CB Richard Ellis Morocco, has watched
the story of Prestigia’s rise to prominence unfold in
recent times. “Their huge advantage is that they
know their market inside out, and are able to snap
up large, prestigious plots at really competitive
prices. The Prestigia brand is cash-rich thanks to a
stock market flotation and is eager to enter the high
end of the market with properties starting from
250,000 euros.
”Beautifully designed, on spacious plots in
excellent locations, Prestigia and Palmeraie Deve-
lopment residences are selling well locally – so
well that more than 500 villas were snapped up
in 10 days during the launching of their recent
projects in Casablanca.”
He continues: “Alliances Golf Resorts also have
great locations at the right price, their strong
competitive advantage being that they are able to
buy land in fantastic spots at some very good
conditions for the investors.”
Shrewdly focusing on high-end real estate that
ticks all the boxes for potential foreign investors –
 35

yes, here you’ll find golf courses overlooking the “It will pay dividends to the investor to discover They appeal to a buyer’s desire to build or move
sea, spas, gallerias and villas with Marrakesh, where locals themselves fight to buy property be- into the villa of their dreams, being at one with an
Casablanca and Tangiers on their doorstep – an cause there is a distinct shortage of housing, even exotic countryside, and, in Marrakesh’s case, living
Alliances home in any of their Golf Resorts is set to with the King’s $10 billion investment driving the with the imposing Atlas Mountains as a backdrop.
become a must-have addition to the canny invest- country forward. Buying an apartment in, say, the “They have multifunctional resorts currently
or’s portfolio. The story being sold is that it is possible capital Rabat or Casablanca, and renting it out will under construction, a mixture of developments from
to live exotically, but without sacrificing standards of deliver excellent yield and strong capital gains over city centre apartments to individually designed villas
luxury, decadence, space and quality of materials – the years.” in Marrakesh. They are all highly appealing to those
and for a country that is big on folklore the difference looking for something a little different from the
is that this story is definitely true. NOW IS A GOOD TIME TO CONSIDER norm,” says Beqqali.
An architectural style inspired by Morocco’s rich Beqqali agrees that despite the massive steps “This is absolutely the right moment for such
cultural past is also a draw, making a deluxe taken in raising standards in the last few years, developments in Morocco,” he continues, citing the
Moroccan villa infinitely more refreshing visually than Morocco still remains remarkably undersupplied for example of Casablanca itself, which has seen
a Costa monolith or Aegean whitewashed block. quality housing. “There is still a large deficit of investors doubling their money over three years.
The fortunate accident of Morocco’s position housing for locals, with a huge demand for the right Morocco has all the right moves for investors
also works in its favour meaning that the foreign kind of resi-dence,” he says. “Developers are still keen to see the maximum returns for their shrewd
market is drawn here for some very simple reasons. struggling to fulfil demand for the 30 million plus decision to invest in the country most likely to win
The location makes it easy and cheap to get to from who live here, and there still remains a shortage of hearts – and minds. There’s something for every-
European cities, ideal for a sunshine break. There is over a million units.” body and – beyond the golf course, the infinity
sea, sun and a certain ambiance, as well as good The recent entry into the market of these new pool, or the hamman – there’s a future in this country
night life and it’s safe too, safer than many of the players, however, is bound to continue to generate which will continue to deliver well beyond the King’s
traditional venues in Europe. There’s also a ski waves of interest both locally and internationally. 2010 deadline.
station an hour from Marrakesh for those who like
variety in their destinations.
Jonathan Seal, CB Richard Ellis’s executive
Jihane
director of residential property in London, is also
excited about the possibilities ahead for the bur-
geoning Moroccan market. “The key to success if
you are looking to invest in Morocco is to choose a
developer who really knows the market,” he says.
“Alliances is one such developer, creating
properties to an international standard, with a local’s
considered experience on where best to invest in the
country, far beyond a tourist’s view of where to build.
“Prestigia is another example. They have a solid
reputation for delivering premium products, at a
competitive price in often one-off locations. It’s hard
for them to be beaten on that score.”
Seal also recommends investors do research of
their own, taking time to find out which locations
have a particularly strong local take-up.

Villa Temoin Marrakech Golf City Tanjah Beach and Golf Resort
 A Pe r s o n a l E x p r e s s i o n

available at

$BEPHBO
(BSEFOT
4MPBOF
4RVBSF
r
)BSSPET
r
)BSWFZ
/JDIPMT
r
4FMGSJEHFT
r
-JCFSUZ

www.annoushka.com 020 7881 5828

IN_teriors
Leading British interior
designer, Helen Green, has
established a reputation for
creating elegant, modern
classic interiors for
international private clients,
prestigious developments,
five-star hotels and spas
both in the UK and abroad.
Established in 2002, her
company encompasses
interior design, interior
architecture and bespoke
British-made furniture
and accessories.
IN_MAGAZINE
Helen Green’s company is one that was born out
of passion, style and vision – striving to create inter-
iors combining ultimate comfort and practicality with
sophistication. Situated in the heart of Chelsea,
London (in the former iconic landmark, the Austral-
ian Pub), Green, director of Helen Green Design, and
her team of talented designers employ contemporary
classic style to create exquisite interiors for a diverse
and ever-changing range of projects. Green says,
“You start by listening and understanding your client’s
vision. From here, using various design schemes,
you can guide them to find the best possible
interpretation of their ultimate interior”.
From magnificent country estates to cutting-
edge city apartments, super-yachts to exquisite
hotel suites in the Caribbean, each project injects
luxury and sophistication into any property, whilst
reflecting effortless elegance.
Uniquely, Green’s Interior Architecture
Department enables her to offer a full interior
architecture service to those clients who require it.
She has recently completed work alongside a
developer on a crescent of nine large Lutyens-style
townhouses in Belgravia, a luxurious ski chalet in
Val d’Isere and private residences in London,
Sussex and Gloucestershire.
Following the successful design of luxury suites
at the Coral Reef Club and Sandpiper Hotel,
Barbados, Green was commissioned to design the
new spa at the Coral Reef Club based on their brief
to capture classical Caribbean design with a
modern, streamlined look. The spa includes a
luxuriously appointed indoor relaxation room, four
private, individual treatment rooms with private
gardens, a couples’ outdoor treatment pavilion, a
spa garden with cloistered relaxation, a hydro-pool
with shaded cabanas for post-treatment relaxation
and a thermal suite.
In response to the challenging economic market,
Green launched a new concept, HG Living, six months
ago. This has proven to be the perfect panacea for
the struggling investment market. With a buoyant
rental market, investors are having to work harder to
attract higher rates, as are those looking to sell, so
quality fittings and the overall “look” are becoming
increasingly critical. HG Living packages are tailor-
ed to maximise the saleability and rentability of pro-
perties, whilst retaining a designer look. Specialists
in providing these all-inclusive packages, HG Living
offers exceptional value and speed of installation.
With a turnover in excess of £700,000 for the 10 HG
Living projects completed thus far, it is clear the
market has taken favourably to the concept.
“The presentation of a rental property is the key
to achieving the highest possible rental return for
the investor, equally those trying to sell,” says Green.
“HG Living provides a fast, sophisticated and
professional service. The market was yearning for a
high-end solution to this issue and I am thrilled that
six months after its inception, the concept has proven
a complete success and the business has grown
beyond expectation.”
So what is at the heart of her success? “The
design process is not about imposing a rigid style,”
says Green, “it is a journey. Junctions and possible
routes are discussed and ultimately we arrive at the
destination together”.
Helen Green Design Ltd,
29 Milner Street, London SW3 2QD
Tel: +44 207 352 3344
Email: mail@helengreendesign.com
Web: www.helengreendesign.com
 39

5 6

1. CORAL REEF SPA BARBADOS 7

2. REGENCY TOWNHOUSE DINING ROOM
3. THE SANDPIPER BARBADOS BATHROOM
4. REGENT’S PARK MASTER BEDROOM
5. CORAL REEF SPA BARBADOS MANICURE
PEDICURE ROOM
6. GEORGIAN TOWNHOUSE
7. HELEN GREEN DESIGN LTD,
29 MILNER STREET, LONDON
8. THE BERKELEY KNIGHTSBRIDGE SITTING ROOM
EXQUISITE
PROPERTIES

EXQUISITE
PROPERTIES

IN_MAGAZINE
EXQUISITE
PROPERTIES
JONATHAN SEAL, EXECUTIVE DIRECTOR OF
CB RICHARD ELLIS, INTRODUCES A SELECTION
OF THE HOTTEST RESIDENTIAL PROPERTIES
FROM AROUND THE WORLD.
The global financial crisis has swept through all
sectors of the economy. This turbulence compels
the potential property investor to seek out trusted,
established businesses that have a world-wide
team of exceptional people: experts who are
accessed locally, who have the maturity, experience
and passion to offer rational property advice and
understand that today’s sophisticated customers
and their families are seeking a complete service
that goes beyond the normal standards found in
the property business.
There are few companies with the experience,
scale and knowledge to understand the global
JONATHAN SEAL prime residential marketplace and deliver except-
CB RICHARD ELLIS ional service to high net worth individuals.
GLOBAL RESIDENTIAL CB Richard Ellis is one. We have created a
sophisticated, global property advice service with
our own experts on the ground in every major market
in the world – from the Pacific Rim to Europe. Many
of these are regarded as leading local authorities.
And we have the expertise to handle every step of
any prime property transaction, however large or
complex, wherever our clients are in the world.
49
41
Over the next few pages we will demonstrate our
breadth of truly inspirational properties in some of
the best locations around the world.
Contact us and we will delight you with our
refreshing, personable, and professional approach
to advisory services from our worldwide team of
local property experts.
I look forward to your call. In the meantime, we
hope you enjoy the selection we have made for you.
Jonathan Seal runs CB Richard Ellis’s Global
Residential Business and he is responsible
for heading up a global network that provides
comprehensive services across every step of the
development process. Formerly MD of Hamptons
Residential Development and International, he has
more than 25 years’ experience working in resident-
ial property across Central London, Europe and the
Far East and is now widely recognised as one of the
UK property industry’s leading figures.
EXQUISITE
PROPERTIES

ASIA PACIFIC

KOH OUEN AND KOH BONG, CAMBODIA

SONG SAA ISLAND RESORT
THE SONG SAA ISLAND RESORT IS LOCATED
ON KOH OUEN AND KOH BONG – TWO SMALL
ADJACENT ISLANDS IN THE KOH RONG
ARCHIPELAGO, A 30-MINUTE BOAT RIDE
FROM SIHANOUKVILLE.
This top-end luxury resort in Cambodia offers exclusive one and two-bedroom
over-water and jungle villas (109 to 297 sq m) to investors seeking their own
piece of unspoilt paradise. Resort facilities include a five-star over-water
restaurant and lounge bar, swimming pool, spa and wellness centre, yoga
and meditation centre and a beachside water sports centre. The resort is
expected to be completed in Q2 2011. This is a surprisingly affordable
investment opportunity on a true luxury private island.

DEVELOPMENT NAME Song Saa Island Resort

ARCHITECT Melita Hunter
For further information please contact INTERIOR DESIGNER Melita Hunter
Prakaipeth Meechoosarn NUMBER OF UNITS 14 (five available)
+66 76 239 967 or +66 81 538 6879
COMPLETION DATE Q2 2011
songsaa@cbre.co.th
PROPERTY FOR SALE Resort villas on a private island
WEBSITE www.songsaa.com

IN_MAGAZINE
EXQUISITE 43
PROPERTIES

THAILAND CONRAD KOH SAMUI RESIDENCES IS A LUXURY RESORT

CONRAD KOH SAMUI DEVELOPMENT SITUATED ON A PRISTINE BEACHFRONT
RESIDENCES SITE ON THE SOUTHWEST COAST OF KOH SAMUI,
COMPRISING A 65-KEY HOTEL AND 32 RESIDENTIAL
POOL VILLAS.
The residential villas range from two to three DEVELOPMENT NAME Conrad Koh Samui Residences
bedrooms (387 to 828 sq m), each featuring its own
ARCHITECT Eco-Id
private pool with panoramic views of the sea and the For further information please contact INTERIOR DESIGNER Wilson Associates
Five Islands. Villa owners will have access to a range Prakaipeth Meechoosarn
of Conrad Resort facilities including restaurants, spa, NUMBER OF UNITS 32
+66 77 430 737
gym and pool, library and kids’ club. Owners of the samui@cbre.co.th COMPLETION DATE Q4 2010
two-bedroom villas also have a choice of entering PROPERTY FOR SALE Resort villas
into a rental programme, which offers one of the best CLIENT / DEVELOPER Hillcrest Development
value propositions compared to other branded (Samui) Co Ltd.
residences, with a seven per cent guaranteed yield WEBSITE www.cbre.co.th
for the first five years. The development is expected
to be completed in Q4 2010.

THAILAND
MILLENNIUM RESIDENCE
DEVELOPMENT NAME Millennium Residence
ADDRESS Sukhumvit Road, Bangkok
ARCHITECT Inter Akitek (Design Consultant: Atkins Ltd.)
INTERIOR DESIGNER Design Consultant: Axis ID Pte Ltd.
NUMBER OF UNITS 604
COMPLETION DATE November 2009
PROPERTY FOR SALE Condominium
WEBSITE www.cbre.co.th/en/Bangkok-Condo-Millennium-Residence.asp

MILLENNIUM RESIDENCE IS LOCATED ON APPROXIMATELY

4.7 ACRES OF LAND IN THE HEART OF BANGKOK, WITH
EASY ACCESS TO THE ASOKE BTS AND SUKHUMVIT
MRT STATIONS, AND THREE ACCESS ROUTES. THE
DEVELOPMENT COMPRISES FOUR HIGH-RISE TOWERS.

The condominium units range from one to three bedrooms

(66 to 193.5 sq m), as well as luxury penthouses. There
are only a maximum of four units per floor, with every unit For further information
offering stunning views of the Bangkok skyline. Common please contact
facilities include a 50-metre pool and a two-storey club- Suchapa Watanangura
house with gym, sauna, steam room and tennis court, +66 2 654 1111 ext 437
all set in a land-scaped environment. Each typical unit millenniumresidence@cbre.co.th
features world-class specification, including high ceilings,
solid timber flooring, luxury bathrooms and wardrobes.
EXQUISITE
PROPERTIES

HONG KONG
ST. ANDREW’S PLACE

St. Andrew’s Place, with magnificent views of the

Hong Kong Golf Club, the Hong Kong Jockey
Club and the Beaus River Country Club, is the
epitome of exquisite residence in Hong Kong.
It offers both an exclusive lifestyle and beautiful
surroundings, like those found in the legendary
addresses at Deep Water Bay and Shek O.

The houses mostly range in size between

4,848 sq ft and 5,895 sq ft, though some go up
to 7,510 sq ft, each offering vast living space with
ceilings that soar up to 19 ft high. There are also
generous, lush gardens and lavishly appointed
bathrooms and kitchens.

DEVELOPMENT NAME St. Andrew’s Place THE LEGENDARY

For further information please contact PROPERTY FOR SALE Houses (five-bedroom) NEIGHBOURHOOD.
Rebecca Shum CLIENT / DEVELOPER Sino Land Company THE LEGENDARY ADDRESS.
+852 2820 2980 Limited
rebecca.shum@cbre.com.hk

SINGAPORE DEVELOPMENT NAME Goodwood Residence

GOODWOOD RESIDENCE ARCHITECT WOHA Architects Pte Ltd.
INTERIOR DESIGNER WOHA Architects Pte Ltd.
The magnificent ambience orchestrates a sense
NUMBER OF UNITS 210
of grandeur, and sprawling tree-conservation
grounds set the stage for a residence of worldly COMPLETION DATE December 2013
elegance that is only minutes away from Orchard WEBSITE www.goodwoodresidence.com.sg
Road. Created by award-winning architect
WOHA and landscape architect ICN Design GRANDIOSE TREES STAND
International, Goodwood Residence is an SENTINEL, FRAMING THE
exclusive condominium comprising 210 luxury TRANQUIL TREE-LINED
apartments designed to command the widest BOULEVARD AS YOU
views of Goodwood Hill. Winner of the prestigious ARRIVE HOME.
BCA Green Mark Platinum Award, Goodwood
Residence is duly recognised for creating an
eco-friendly environment while complementing
the lush greenery and rich heritage of the
distinguished Goodwood Hill neighbourhood.

For further information please contact

Joseph Tan
+65 9663 6252
joseph.tan@cbre.com.sg

IN_MAGAZINE
EXQUISITE 45
PROPERTIES

VIETNAM DEVELOPMENT NAME CapitaLand – Hoang Thanh Co Ltd.

MULBERRY LANE ARCHITECT RSP Architects Planners & Engineers
(Vietnam) Co Ltd.
LOCATED IN HA DONG DISTRICT, HANOI, INTERIOR DESIGNER Index Design Pte Ltd.
MULBERRY LANE ENJOYS EASY ACCESS NUMBER OF UNITS 1,478
TO THE CITY CENTRE VIA NGUYEN TRAI COMPLETION DATE 2014
AND LE VAN LUONG EXTENSION, AND IS WEBSITE www.mulberrylane.com.vn
CONVENIENT FOR NOI BAI AIRPORT.

The Mulberry Lane development is situated on a site area of 2.45 hectares.

It comprises five residential blocks, a four-storey podium car park and
basement car parking. Mulberry Lane offers unit types ranging from one For further information please contact
to three bedrooms, special duplexes with double volume spaces and Nguyen Hoang Long
penthouse with access to private roof-top landscaped decks. It is Mobile: +84 977 21 5555
designed for efficient use of natural lighting and breezes and provides Hotline: +84 123 883 6886
more than 50 recreational facilities to complete your dream lifestyle, long.nguyen@cbre.com
including a 50m lap swimming pool, gardens, putting green, badminton
court, children’s playground and a lakeside BBQ cabana.
EXQUISITE
PROPERTIES

AUSTRALIA A unique residence of grand proportions and occupying a prime position

ONSLOW adjacent to Elizabeth Bay House, Onslow commands sweeping views of the
Harbour to the Heads. Just as significant is the building’s intimate connection
THIS IS A ONE-OFF OPPORTUNITY TO with the McElhone Reserve – the superbly maintained emerald green park
RESIDE IN UNPARALLELED ELEGANCE right on its doorstep.
AND LUXURY AT THE HEART OF SYDNEY’S The interiors by the internationally acclaimed Freedman Rembel reflect the
MOST EXCLUSIVE LOCALE. timeless sophistication found in the apartments of 19th century Paris or
post-war New York. The highest quality finishes have been chosen to
DEVELOPMENT NAME Onslow create environments of understated elegance.
ADDRESS 1 Onslow Avenue, Elizabeth Bay NSW, 2011
ARCHITECT PTW
INTERIOR DESIGNER Freedman Rembel Interiors
For further information please contact
NUMBER OF UNITS Nine
Tim Rees
COMPLETION DATE November 2009
+61 2 8969 8510
WEBSITE www.oneonslow.com.au tim.rees@cbre.com.au

IN_MAGAZINE
EXQUISITE 47
PROPERTIES

AUSTRALIA North is exemplified by iconic structures such as the NORTH IS INSPIRED BY THE
NORTH RESIDENCES Sydney Harbour Bridge, the North Sydney Olympic SHEER DRAMA OF LIVING
Pool and Luna Park. Internationally acclaimed NEAR THE HARBOUR’S EDGE,
North Residences
DEVELOPMENT NAME Australian architects, PTW, have transformed a REFLECTING THE BEST OF A
ADDRESS 118 Alfred Street, grand building into a modern masterpiece. Its HEROIC AGE OF ARCHITECTURE.
Milsons Point NSW, 2061 striking glass envelope offers breathtaking vistas
ARCHITECT PTW Architects and luxury appointments rarely found in today’s
INTERIOR DESIGNER Archer & Wright new homes. It’s an experience that celebrates the
NUMBER OF UNITS 76 essence of place. In a city of bold and spectacular
outlooks, North ensures its exclusive penthouses,
COMPLETION DATE July 2009
residences and apartments are without equal.
CLIENT / DEVELOPER Australand & Rebel
Property Group
WEBSITE www.northresidences.com.au

For further information please contact

Tim Rees
+61 2 8969 8510
tim.rees@cbre.com.au

The sprawling ground-floor residence is the spirit

AUSTRALIA DEVELOPMENT NAME 6 St. George’s Crescent
of generosity with its sundrenched lap pool, pool
6 ST. GEORGE’S CRESCENT ARCHITECT Squillace Nicholas
house and boatshed. High above, the soaring
Architects
penthouse with its private roof garden takes in
INTERIOR DESIGNER Squillace Nicholas
panoramic views from the Harbour to the City.
Architects
Both possess private lift lobbies.
NUMBER OF UNITS Seven
CLIENT / DEVELOPER Iris Capital Property Chic poliform kitchens are lavishly furnished
Development with a fine collection of European appliances
WEBSITE www.6stgeorgescrescent.com.au with outdoor spaces also equipped with quality
integrated barbecues. The light filled bathrooms
are the epitome of elegance, wrapped toe-to-toe
in luxurious folds of honed marble, limestone
or vitrified tile. The bathrooms feature striking
freestanding bathtubs, cavernous showers
and beautiful marble vanities. All apartments
include ample storage, double car garaging,
zoned air-conditioning, video intercom and
excellent security.

For further information

please contact

SYDNEY’S MOST BEAUTIFUL HARBOURFRONT RESIDENCES, David Milton

+61 2 8969 8500
COMPRISING A UNIQUE COLLECTION OF JUST SEVEN david.milton@cbre.com.au
PROPERTIES, EACH WITH ASTOUNDING NORTH-EAST
FACING HARBOUR VISTAS.
EXQUISITE
PROPERTIES

EUROPE

Hollow Lane House is located in a wonderful

position on the exclusive Wentworth Estate.
Renowned throughout the sporting world for its
superb golfing facilities, the Wentworth Estate
extends to approximately 750 acres lying within
the green belt. It has three internationally
renowned 18-hole golf courses including
the championship West Course.

Ypres Rose Developments Ltd. (YRD) is a

renowned property developer, specialising
UK DEVELOPMENT NAME Hollow Lane House
in luxurious homes for the most discerning
HOLLOW LANE HOUSE ARCHITECT Dave Farrell and STH
customers. Hollow Lane House incorporates
the finest detail, including a Pedini designed INTERIOR DESIGNER Tiger Interiors and
HOLLOW LANE HOUSE IS Callister Russell
and built kitchen featuring appliances by
SITUATED IN AN ELEVATED NUMBER OF UNITS One
Gaggenau, Wolf and a Sub Zero refrigerator,
POSITION IN 2.7 ACRES ON July 2009
as well as a heated indoor swimming pool COMPLETION DATE
THE RENOWNED WENTWORTH
and spa with sauna and steam room. Super prime
ESTATE. A 13,100 SQ FT HIGH- PROPERTY FOR SALE
single residence
SPECIFICATION RESIDENCE,
IT HAS JUST BEEN AWARDED
“BEST SINGLE RESIDENCE”
For further information please contact
IN THE UK DAILY MAIL
Rory Cramer PROPERTY AWARDS.
+44 20 7182 2063
rory.cramer@cbre.com

UK
TOPEKA
TOPEKA IS VERY DEVELOPMENT NAME Topeka
HIGH SPECIFICATION ARCHITECT Dave Farrell and STH
AND THE ONLY NEW INTERIOR DESIGNER Tiger Interiors
ARTS AND CRAFTS-
One
STYLE RESIDENCE NUMBER OF UNITS

BEING BUILT IN ST COMPLETION DATE December 2009

GEORGE’S HILL. PROPERTY FOR SALE Super prime
single residence
The house extends over 14,100 sq ft
and sits in more than an acre of
elevated landscaped grounds with
views across Surrey and Berkshire.

For further information please

contact
Rory Cramer
+44 20 7182 2063
rory.cramer@cbre.com

IN_MAGAZINE
EXQUISITE 49
PROPERTIES

Chelsea Apartments development will consist

of 24 new-build private apartments and one
penthouse. It will benefit from underground car
parking and concierge and is designed by the
award-winning architects Dixon Jones.

Launch is due in spring 2010 with completion

in December 2010.

For further information please contact

Jonathan Seal
+44 20 7182 2264
jonathan.seal@cbre.com

UK DEVELOPMENT NAME Chelsea Apartments

CHELSEA APARTMENTS ARCHITECT Dixon Jones
INTERIOR DESIGNER Dixon Jones
CHELSEA APARTMENTS IS LOCATED ON THE CORNER
NUMBER OF UNITS 25
OF FULHAM ROAD AND HORTENSIA ROAD IN
December 2010
CHELSEA. THE DEVELOPMENT IS A SHORT WALK COMPLETION DATE

FROM THE MANY SHOPS AND RESTAURANTS OF CLIENT / DEVELOPER Manhattan Loft Corporation and
The Trevor Osborne Group
BOTH THE FULHAM ROAD AND THE KING’S ROAD.

AUSTRIA DEVELOPMENT NAME Fontana One hundred apartments and 120 villas are already
FONTANA ARCHITECT James Acton sold. One more apartmenthouse is currently under
construction and will be finished in autumn this year.
NUMBER OF UNITS 17 apartments
An additional 50 lots will come to the market in the
FONTANA RESORT, GOLF COMPLETION DATE October 2010
near future. Fontana is an exclusive, unique resort
AND SPORTS CLUB, WAS RESORT Fontana with exquisite apartments and houses.
FOUNDED IN 1996. FONTANA
CLIENT / DEVELOPER Fontana Immobilien
IS AUSTRIA’S MOST ELEGANT GesmbH
LEISURE RESORT AND IS
WEBSITE www.fontana.at
SITUATED JUST A FEW
For further information please contact
DRIVING MINUTES AWAY
FROM VIENNA’S CENTRE. Margit Petri
+43 1 533 40 80 14 or +43 664 500 58 84
margit.petri@cbre.com
EXQUISITE
PROPERTIES

PORTUGAL
EDEN RESORT
EDEN RESORT IS A SUPERB
DEVELOPMENT OF LUXURY
VILLAS AND APARTMENTS
IN ALBUFEIRA, ALGARVE.

DEVELOPMENT NAME Eden Resort

ADDRESS Albufeira, Algarve
NUMBER OF UNITS 198
COMPLETION DATE 2010
PROPERTY FOR SALE 134 apartments,
60 townhouses, four villas
WEBSITE www.edenresort.com

Eden Resort has been carefully conceived to bring areas; snack-bar; playing field; club house;
a range of amenities and comforts designed to gourmet restaurant; bar with panoramic terrace;
make the holiday a truly memorable experience. mini–market; beach club; bike rental; private
Traditionally styled, with large terraces, and set condominium with 24-hour security system;
amidst ample green spaces, with views over the shuttle service (beach, golf); concierge service.
lush, landscaped gardens and pools, the houses
and apartments have been designed to take full
advantage of the magnificent Algarve light, and
to offer calm, tranquility and security, with the For further information please contact
emphasis on relaxed outdoor living. The extensive
José Maria Magalhães,
range of facilities includes: five outdoor swimming
+ 351 226 167 240
pools; one indoor swimming pool with sauna and
Mobile +351 912 230 688
Turkish bath; spa; kid’s club; strolling and reading
jose.magalhaes@cbre.com

IN_MAGAZINE
EXQUISITE 51
PROPERTIES

PORTUGAL
VALE DO LOBO RESORT
TURISTICO DE LUXO, S.A.

THE NEWLY BUILT ROYAL GOLF

DEVELOPMENT LOCATED
WITHIN THE ALGARVE’S
PRESTIGIOUS VALE DO LOBO
RESORT OFFERS HIGHLY
INNOVATIVE DESIGNS,
SPECTACULAR GOLF VIEWS
AND EXTENSIVE YEAR-ROUND
SERVICES AND FACILITIES, Clients can choose from Royal Golf villas – luxury tennis academy in Portugal, 15 restaurants of
CATERING TO GOLFERS AND linked villas available in various designs – and diverse cuisine, a state-of-the-art Wellness Centre
FAMILIES ALIKE. beautifully decorated Margarida apartments. Two- and unrivalled leisure facilities and events. Round-
and three-bedroom units are available with owners the-clock security vigilance via CCTV and patrols
enjoying superb levels of privacy, unrivalled golf and a 24-hour medical centre offer peace of mind.
views over the Royal Golf Course and close
In addition to the Royal Golf Development, Vale do
proximity to diverse facilities. Innovation lies at the
DEVELOPMENT NAME Vale do Lobo Resort Lobo offers numerous real estate options. Sea-front
Turistico de Luxo, S.A. core of these homes with references to classical
and golf-front plots, bespoke villa designs,
design also visible – elegant overflow pools lined
ADDRESS Vale do Lobo Resort beautifully built homes ready to move into and
Turistico de Luxo, S.A. with mosaic tiling, stone-clad walls, exposed beams
several other new developments are also available.
Algarve, Portugal and modern glass, stainless steel staircases and
8135-864 Vale do Lobo underground parking are just some of their features.
COMPLETION DATE 2009 Vale do Lobo is the longest established resort in
PROPERTY FOR SALE 21 units remaining the Algarve. With more than 45 years’ experience For further information please contact
and a reputation for excellence it is today the premier
José Maria Magalhães
luxury resort in the Algarve. It is famous for 2km + 351 226 167 240
of blue flag awarded beach, two prestigious golf Mobile + 351 912 230 688
courses – the Royal and the Ocean – the largest jose.magalhaes@cbre.com

KAZAKHSTAN, ALMATY EDELWEISS AHSEL RESIDENCES IS A UNIQUE RESIDENTIAL

EDELWEISS AHSEL COMPLEX LOCATED IN THE FOOTHILLS OF THE TIEN SHAN
RESIDENCES MOUNTAIN RANGE, OFFERING AN INCREDIBLE OPPORTUNITY
TO ENJOY MAGNIFICENT MOUNTAIN AIR AND STUNNING VIEWS.

DEVELOPMENT NAME Edelweiss Ahsel

Residences, Almaty,
Kazakhstan
CLIENT / DEVELOPER Ahsel Group
ADDRESS Almaty, Kazakhstan,
Gorny Gigant
NUMBER OF UNITS 130
COMPLETION DATE 2009
PROPERTY FOR SALE 11 apartments,
42 houses/villas
WEBSITE www.cbre.kz

The Edelweiss Ahsel Residences Development
consists of 130 elite residences, including 41 villas,
56 townhouses and 33 two-level apartments with
individual land plots and a community centre. The
compound occupies a total area of 12 hectares (ha),
of which 4.5 ha are extensively covered by greenery.
The compound residents are surrounded by a high
level of comfort and sophisticated services provided
by the management company, which is well known
for its five-star-level service at the Inter Continental
Almaty – The Ankara in Kazakhstan Hotel. The
services provided to compound residents include:
community centre (bar, restaurant, fitness centre,
swimming pool, spa-centre, kindergarten),
telecommunication services, power and water For further information please contact
supply, heating, maintenance of all engineering Marina Khrisanova
systems, 24-hour security, territory cleaning, +7 701 768 5773
waste collection, garden management, almaty@cbre.kz
reception services, food delivery, laundry, dry-
cleaning and medical services. The concept
of the Edelweiss Ahsel Residences is based
on the most modern architectural designs and
state-of-the-art technologies.
EXQUISITE
PROPERTIES

AMERICAS
BARBADOS
PORTICO BARBADOS

DEVELOPMENT NAME Portico Barbados

ARCHITECT Roldano Belori
INTERIOR DESIGNER Lynne Pemberton Designs
NUMBER OF UNITS 10
COMPLETION DATE December 2009
PROPERTY FOR SALE Apartments
CLIENT / DEVELOPER Chris Salt / Aberconia Ltd.

PROSPECT ST JAMES
WORLD’S BEST APARTMENT 2009
PORTICO … WHERE EXCELLENCE IS NOT AN ACHIEVEMENT BUT A WAY OF LIFE!

Situated on a 15 ft bluff overlooking the Caribbean
Sea at Prospect Bay in St. James, Portico stands as
a true representation of sophistication and state-of-
the-art living that is distinct from any other residential
development on the island’s west coast.
Portico features 10 luxurious 3,500 sq ft units, each
with three exceptional bedrooms with en-suite
bathrooms and spacious walk-in closets. Penthouse
apartments include an additional 1,500 sq ft private
roof terrace with pool, while garden apartments
feature an additional 1,500 sq ft of private
gardens and sun terrace. For further information
please contact
Winner of multiple five-star International
Jonathan Seal
Property Awards in 2008 and 2009 including
+44 20 7182 2264
Best International Apartment 2009, Portico
jonathan.seal@cbre.com
is distinguished by its outstanding finishes,
revolutionary design and modern take on
island living.

The villa has five bedrooms, sleeping nine and

ANTIGUA
extends over 7,500 sq ft. The villa is available
VILLA NICOBAR GALLEY BAY
on a turn key basis with the most luxurious
furnishings sourced throughout Europe by
VILLA NICOBAR IS AN ULTRA LUXURIOUS VILLA
an international interior designer.
LOCATED IN THE EXCLUSIVE GALLEY BAY IN ANTIGUA
AND HAS STUNNING VIEWS OF THE CARIBBEAN. Nicobar sits on a plot of three-quarters of an acre
and has planning permission for a further two-
bedroom guest cottage with plunge pool.

The large terrace, jacuzzi and large infinity pool

are located beyond, allowing the most amazing
views of the Caribbean Sea. All bedrooms are
en-suite with walk-in rain showers and have their
own verandas and views over the Caribbean.
The kitchen is by Dada and has a wine cellar
carved out of the rock with exposed rock walls.
The villa is fully air conditioned and also has
ceiling fans in each room. The property is fully
fenced with electric gates offering complete
DEVELOPMENT NAME Villa Nicobar Galley Bay
privacy and has a 34 kva stand-by generator.
PROPERTY FOR SALE House
CLIENT / DEVELOPER Iris Capital Property
Development

For further information

please contact
Jonathan Seal
+44 20 7182 2264
jonathan.seal@cbre.com

IN_MAGAZINE
CB RICHARD ELLIS WORLDWIDE. FOR INFORMATION ON ANY 53
OF THESE EXQUISITE PROPERTIES PLEASE CONTACT:

AMERICAS ASIA PACIFIC EMEA

ARGENTINA AUSTRALIA AUSTRIA SERBIA AND MONTENEGRO
Luis Martinez de Virgilio David Milton Margit Petri Vladimir Popovic
Buenos Aires Sydney Vienna Belgrade
Paraguay 346, 14th Floor, Buenos Aires, Suite 1403, Level 14, 100 Pacific Highway, Tegetthoffstrasse 7, 1010 Vienna CB Richard Ellis d.o.o, Airport City Belgrade,
1057, Argentina Neutral Bay, NSW 2089 Sydney t +43 1 533 40 80 88b Omladinskih Brigade, 11070 Belgrade
t +54 114315 8845 t +61 2896 98500 e margit.petri@cbre.com t +381 11 222 3407
e lmartinez@cbre.com.ar e david.milton@cbre.com.au e vladimir.popovic@cbre.co.rs
BAHRAIN
BRAZIL CHINA Steve Mayes SLOVAKIA
Walter Cardoso Anton Eilers Manama Joerg Kreindl
São Paulo Beijing Ground Floor Block 2, Manama Centre, Bratislava
Rua Alexandre Dumas, 1711, 10o. Andar, Units 1203-1205, 12th Floor, Tower A, Government Avenue, PO Box 11370, Manama Park One Nam. 1. maja 18
Birmann 11 Building 04717-004 São Paulo Beijing Fortune Plaza, No. 7 Dong San Huan t +973 3666 2940 t +421 2 3255 3302
t +55 11 5185 4688 Zhong Road, Chaoyang District, Beijing, e steve.mayes@cbre.com e joerg.kreindl@cbre.com
e wcardoso@cbre.com.br 100020
t +86 10 85880828 BELGIUM SPAIN
CANADA e anton.eilers@cbre.com.cn Therecia Landell Nicolás Llari de Sangenís
Tony Quattrin Brussels Madrid
Vancouver Jane Alexander Avenue Lloyd George 7, Brussels, 1000 Edificio Torre Picasso, planta 27,
Terasen Centre, Suite 600, 1111 West Georgia St, Shanghai t +322 643 3376 Plaza Pablo Ruiz Picasso, 28020, Madrid
Vancouver BC, V6E 4M3 Suite 3201, Shanghai K. Wah Centre, 1010 e therecia.landell@cbre.com t +34 91 514 3848
t +604 662 5154 Huaihai Zhong Road, Shanghai, 200031 e nicolas.llari@cbre.com
e tony.quattrin@cbre.com t +86 21 24011200 DENMARK
e jane.alexander@cbre.com.cn Mikael Glud SWEDEN
CHILE Copenhagen Magnus Ungmark
Fernando Ruiz HONG KONG Trondhjems Plads 3, DK-2100, Copenhagen Stockholm
Santiago Rebecca Shum t +45 7022 9601 Mäster Samuelsgatan 42, 12th floor,
Roger De Flor No. 2871, Office 103, Hong Kong e mikael.glud@cbre.com Stockholm, SE-111 57
Esquina Avenida El Bosque Norte, 34/F Central Plaza, 18 Harbour Road, t +46 8 4101 8700
Las Condes, Santiago Wan Chai, Hong Kong SAR FRANCE e magnus.ungmark@cbre.com
t +56 25 62 2672 t +852 282 02980 Guy Neplaz
e fernando.ruiz@cbre.com e rebecca.shum@cbre.com.hk Paris SWITZERLAND
145-151 rue de Courcelles, BP 80450, Nicole Weber
LATIN AMERICA & THE CARIBBEAN INDIA 75824 Paris, Cedex 17 Geneva
Jorge Hurtado Manish Kashyap t +33 1 53 64 30 01 33 rue des Bains, Geneva, CH-1205
Miami New Delhi e guy.neplaz@cbre.fr t +41 22 322 80 67
777 Brickell Avenue, 9th Floor, Miami, FL 33121 PTI Building, Ground Floor 4, Parliament Street e weber@cbre.ch
t +1 305 533 7109 New Delhi 110 001 Renaud Capelle
e jorge.hurtado@cbre.com t +91 11 4239 0200 Paris UAE
e manish.kashyap@cbre.com 145-151 rue de Courcelles, BP 80450, Morna Macdonald
MEXICO 75824 Paris, Cedax 17 Dubai
José Nacif INDONESIA t +33 1 53 64 36 09 Emaar Square, Building 6, 8th Floor, Dubai
Mexico City Steven Tjen e renaud.capelle@cbre.fr t +971 4 437 7200
Montes Urales 470, 2nd Fl, Lomas de Jakarta e morna.macdonald@cbre.com
Chapultepec, Mexico City, DF 11000 Menara BCA 45/F, Suite 4502, GERMANY
t +52 55 5284 0000 Jalan M. H. Thamrin No.1, Jakarta 10310 Jacob Volckerts UK
e jose.nacif@cbre.com.mx t +62 21 523 7337 Frankfurt Jonathan Seal
e steven.tjen@cbre.co.id Bockenheimer Landstrasse 24, London
PANAMA Frankfurt am Main, 60323 Kingsley House, 1a Wimpole Street,
Mariela Barria PHILIPPINES t +49 40 80 80 20 57 London W1G 0RE
Plaza Credicorp Bank, Office 502, Rick Santos e jacob.volckerts@cbre.com t +44 207 182 2264
50th Street, No. 120, Ciudad de Panamá Manila e jonathan.seal@cbre.com
t +507 210 1674 Suite 1003-1005, 10f, KAZAKHSTAN
e mbarria@cbre.com.pa Ayala Tower One Exchange and Plaza, Roger Holland Nick Jopling
Ayala Avenue, Makati City, Metro Manila 1226 Premier Alatau Business Center, 3rd floor, London
PERU t +63 275 22573 Dostyk 105, Almaty, 050051 Kingsley House, 1a Wimpole Street,
Raúl Contreras e rick.santos@cbre.com t +7 727 258 1760 London W1G 0RE
Lima e roger.holland@cbre.kz t +44 207 182 2076
Avenida Aramburu 965, Suite 401, SINGAPORE e nick.jopling@cbre.com
San Isidro, Lima, 27 Pauline Goh MOROCCO
t +511 222 7914 Singapore Karim Beqqali
e raul.contreras@cbre.com.pe 6 Battery Road, 32-01 Singapore 049909 Casablanca
t +65 6224 8181 97, Boulevard Al Massira, Al Khadra 1er Etage,
USA e pauline.goh@cbre.com.sg 20100 Casablanca
Colleen Pentland t + 212 522 77 89 80
Boston THAILAND e karim.beqqali@cbre.com
111 Huntington Ave, 12th Fl, Boston, MA 02199 David Simister
t +1 617 488 7241 Bangkok POLAND
e colleen.pentland@cbre.com 46th Floor, CRC Tower, All Seasons Place, Mikolaj Martynuska
87/2 Wireless Road, Lumpini, Pathwan, Warsaw
Laurie Lustig-Bower Bangkok 10330 Rondo 1, 12th Floor,
Los Angeles t +66 265 41111 Rondo ONZ 1 Warsaw, 00-124
1840 Century Park East, Suite 700, e david.simister@cbre.co.th t +48 2254 48029
Los Angeles, CA 90067 e mikolaj.martynuska@cbre.com
t +1 310 550 2556 VIETNAM
e laurie.lustig-bower@cbre.com Marc Townsend PORTUGAL
Ho Chi Minh José Maria Magalhães
Kent Kerr Unit 1301, Me Linh Point Tower, 2 Ngo Duc Ke Porto
Miami Street, Ho Chi Minh City, S.R., District 1 Rua José Gomes Ferreira, 117
1111 Brickell Avenue, Suite 2125, t +848 382 46125 4150-442 Porto
Miami, FL 33131 e marc.townsend@cbre.com t +351 22 616 72 40
t +1 305 533 7110 e jose.magalhaes@cbre.com
e kent.kerr@cbre.com
ROMANIA
William Huberty Ionut Bordei
San Francisco Bucharest
101 California St, 44th Floor, San Francisco, Europe House, 51-53 Lascar Catargiu Blvd,
CA 94111 Bucharest, Sector 1
t +1 415 772 0487 t +40 7229 31366
e william.huberty@cbre.com e ionut.bordei@cbre.com

Joel Coren RUSSIA

Washington DC Jana Kuzina
The Victor Building, 750 9th St, NW Suite 900, Moscow
Washington DC 20001-4156 Millennium House, Trubnaya Street, 12, 107045
t +1 202 585 5773 t +7 495 258 3990
e joel.coren@cbre.com e jana.kuzina@cbre.com