WiredScore certification recognizes and promotes best-in-class digitally connected buildings globally and helps increase the value of the building for both potential tenants and future owners. The widely recognized WiredScore certification seal is a trusted symbol that identifies buildings that have been independently certified to provide the best-in-class connectivity infrastructure that businesses require to thrive.
CBRE, one of the global and national leaders in commercial real estate investment and services, has launched the third edition of their research report, 'Is Sustainability Certification in Real Estate Worth it?'. The report, conducted in 19 European countries, including Romania, confirms a significant correlation between sustainability certificates, higher energy performance, and office building market value.
River Plaza, a class A office building, centrally located in the Timpuri Noi HUB, on the bank of Dâmboviţa river, officially becomes a green building, obtaining the BREEAM In-Use Very Good certification at the end of the second quarter of this year.
PPF Real Estate’s two office buildings in central Bucharest - Crystal Tower and Metropolis - are now running partially on solar power after their rooftops were successfully converted into photovoltaic sites.
Oregon Park, one of the largest and most sustainable office projects in Romania, owned by the Lion’s Head investment fund, achieved the Well Health & Safety certification, granted by The International WELL Building Institute (IWBI). The certification recognizes the implementation of measures that ensure a work environment with a positive impact over the health and well-being of employees.
SPEEDWELL, one of the most active real estate developers in Romania, publishes its 2022 Sustainability Report, the first official ESG reporting document of the company. The report emphasizes core sustainability pillars, identified in relation to stakeholder consultation and global best practices. Furthermore, it highlights the sustainability initiatives undertaken and planned by the company and their relation to business operations and growth. Concomitently, SPEEDWELL announces its Sustainability Strategy, the company’s blueprint for sustainability, risks, and opportunities, emerging from both the strong business and sustainability performance of the company in the past few years on the local market.
Building owners in Romania are much more interested in ESG standards and also have higher expectations when it comes to sustainability than their counterparts in other countries. A survey by CBRE, the global real estate consultancy market leader, of over 500 commercial real estate professionals worldwide shows that the main drivers for companies to move towards ESG are regulations, such as the Paris Agreement and the Goals of UN sustainable development, rising operating costs and increasing control from owners.
Euro Tower, the landmark office building owned by Cascade Group in the Central – North of Bucharest, officially becomes the first LEED Zero Carbon certified building in Romania.
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