ARTICLES LABELLED WITH TAG sustainability

The Vibe office building, developed by Ghelamco in the business centre of Warsaw, has received BREEAM certification with the highest possible rating of Outstanding.

MDC2 Park Gliwice has achieved one of the highest scores in Poland, receiving the BREEAM Outstanding New Construction certification. With a score of 92.6%, it sits amongst the top ten certified industrial buildings in Europe.

In total, 121,000 sqm of office premises in 6 A-class office buildings that form a significant part of the Investika real estate fund´s portfolio in Poland has achieved international environmental BREEAM certification. Four properties have been certified at the “Excellent” level, while two have obtained the “Very Good” level. Successful BREEAM certification, one of the two most widely recognized international sustainability standards for buildings, is part of Investika real estate fund´s ESG strategy.    

Further action is needed to meet national and global climate goals, while high costs of green practices has been cited as a barrier to sustainable building, finds the 2024 Sustainability Report of The Royal Institution of Chartered Surveyors (RICS).

Romanian developer Iulius says its entire portfolio holds green certifications or is pending certification, with more than 500,000 sqm being included in the LEED standard for green buildings.

Experts from Cushman & Wakefield note in their latest report that the residential sector in Poland is developing ESG strategies focused on environmental aspects. However, PRS and co-living investors are also undertaking community-oriented initiatives.

Romanian construction group Bog’Art has published its first sustainability report that outlines the company’s results and objectives under the ESG development framework. 

The European Commission’s pending updates to the Sustainable Finance Disclosure Regulation (SFDR) promise potential opportunities for EU real estate investors. As the Commission considers the SFDR revisions, anticipated for an early 2025 release, investment firms should prepare for greater transparency and closer oversight of their portfolios. Strategic policy and research consultant Lisa Chase (Lucky Fish Research and Communications) has summarised the policy framework for Property Forum.

Agnieszka Gutowska, Head of Brand Marketing & Communication at Nhood Services Poland has talked to Property Forum about the implementation of the ESG principles in the new retail projects, the costs of modernization of the older ones and the approach of the tenants to the ‘new green deal’.

Mihnea Cristescu, Project Manager & Sustainability Consultant, Cushman & Wakefield Echinox, spoke with Property Forum about the cost approach to sustainable developments and the role of consultants in shaping real estate projects with strong ESG credentials.