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Rising interest in green certification

Eurobuild CEE 28 September 2017

CEE REGION The first half of 2017 saw a significant increase in interest for sustainability certificates from the owners of completed projects, with almost all the investors in new development projects targeting the highest levels of certification, according to development, design and green certification company BuildGreen.

In 2017 the company assisted in 21 BREEAM or LEED sustainability certificate applications for in five countries, mainly in the CEE region. Among the most important projects completed by BuildGreen in 2017 are Bucharest’s Oregon Park (BREEAM ‘Excellent’) owned by Portland Trust, and Bucharest’s Globalworth Tower (LEED ‘Platinum’) owned by investment fund Globalworth, and the Unirii View office tower (BREEAM ‘Excellent’) built by Belgian investor Yves Weerts in downtown Bucharest. This year BuildGreen has also continued the green certification process for the entire portfolio of NEPI Rockcastle, the biggest real estate investor in Central and Eastern Europe, finalising several reference projects, such as the Mega Mall and Promenada shopping centres (BREEAM ‘Excellent’) in Bucharest, City Business Center (Timişoara), Aupark Košice, a mixed office-retail project with a total surface of 56,000 sqm located in Košice, Slovakia, and the shopping centres owned by the fund in the Romanian cities of Constanţa, Deva, Piteşti and Sibiu – the first green certificates to be obtained in these cities.

”The operational certifications for already completed projects formed an element of corporate social responsibility as well as the comparative valuation of portfolio assets. Also, setting minimum sustainability requirements for the entire portfolio owned by a real estate investor creates pressure for less performing assets to be improved in terms of their quality,” commented Răzvan Nica, the managing director of BuildGreen.


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