Euro Tower certified as first net-zero carbon building in Romania

07
Dec
2021
News - Euro Tower certified as first net-zero carbon building in Romania #Bucharest #Cascade Group #Euro Tower #LEED #Răzvan Nica #Romania

by Property Forum | Office

Office building Euro Tower, developed by Cascade Group in central Bucharest, has obtained the first LEED ZERO CARBON certification in Romania. 


The project reached the level of carbon neutrality in 2019, as well as in 2020, according to a study realized by BuildGreen for the assessment of the building’s degree of carbon emissions during this interval. 

“Our electricity consumption comes 100% from renewable sources. We are all responsible for the efficient use and protection of the environment, and reducing CO2 emissions must not only be a goal set in the Green Deal plan, but a priority for everybody,” said Cascade Group representatives. 

The building’s decarbonization strategy was developed and implemented under the coordination of BuildGreen, a provider of certification and advisory services. 

“Globally, the real estate market is going through a historic stage that will lead to a complete change in development practices, with sustainability as central pillar in the global development strategies, and the neutralization of CO2 emissions being the trigger in moving towards the right direction,” added Răzvan Nica, Managing Director BuildGreen. 

Euro Tower has a total leasable area of 18,000 sqm and was certified as a green building in 2009. 




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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