Bogdan Doicescu, Development Director & Executive Board Member at Bog’Art, spoke to Property Forum about the cost forecast for the construction market in 2022 and the company’s plans to diversify their activity with their own residential developments in Bucharest.

As of May 2022, Alena Liškay Králíková is the new ESG Manager of Czech development company Crestyl. According to her, while thinking about ESG in real estate businesses, it is important that buildings are not only serving the company´s ESG goals but also their residents, tenants and the entire neighbourhood too.

GTC has published its latest ESG report, summarizing the Group’s activity for the previous year. The 2021 report presents industry-unique data on GTC’s engagement in sustainable development, responsible construction and asset management, collaboration with local communities and responding to stakeholders’ expectations. The report highlights that 88% of GTC's portfolio is environmentally certified and the success of GTC Group’s “green” eurobonds in 2021.

The most exposed sectors to the inflationary pressures in Romania are the residential, industrial and retail ones, with a lot more resilience found in the office segment, suggest representatives of real estate consultancy Cushman & Wakefield Echinox. 

Revetas Capital has completed its sustainability-focused investment project at the Bonarka for Business “B4B” office park in Kraków, the B4B Oasis. By activating the common areas, the workplace is enhanced, thereby reducing the overall density within the buildings.

The listing value of commercial real estate properties such as shopping malls, office buildings and logistics centres could grow in the short and medium-term in Romania. The increase will be recorded in a volatile context generated by rising building material and utility prices, increasing inflation, as well as the border conflict and the effects of the pandemic, according to Colliers.

Zacaria Group, the largest developer of logistics spaces in Sibiu, will open next year a retail park in Cisnădie, Sibiu, following an investment of more than €11 million. 

7R, a Polish developer specialising in providing warehouse and industrial space, has published its first ESG report, setting sustainable development goals until 2025. The company's priority is to strive for climate neutrality and to support customers in this regard. 7R declares that ESG is the foundation of its operations and is part of a long-term strategy of increasing the value of the company itself and its products, which benefits tenants, investors, local communities and employees.

Green certificates are becoming the norm in CEE but words like 'excellent' or 'platinum' don't always provide enough information about a building's overall environmental impact. Developers, architects and advisors were discussing the real cases of ESG principles` implementation during a panel at the European ESG Property Forum conference in Warsaw, moderated by Oana Stamatin, ESG Chief Officer at Colliers.

Data is key for the execution of a successful ESG strategy, according to the first panel discussion at the European ESG Property Forum conference in Warsaw where leading investors, bankers and advisors provided insight into the topic.