Rhys and Andrew leave DTZ to set up Celtic Asset Management (CAM) in Warsaw serving Inter Ikea as its main client. Craig joins a short time later to assist in leasing and concentrate on other clients. 70,000sq.m of office and Hotel projects undertaken and let in Poland and Lithuania. Part of the portfolio was sold to SEB for 72m Euro. Tenants included Hewlett Packard, Samsung, UPC, Pramerica, PWC, Fiat, Nestle, ABN AMRO and Accor. In addition acquired 5.2ha. which is now developed as the 90,000sq.m Wisniowy Gardens, and let the 32,000sq.m Reform Plaza in Warsaw.