News Article Eric Assimakopoulos ESG hotel retail Revetas Romania
by Property Forum | Investment

Revetas Group says it has shifted its entire portfolio of assets in Romania to renewable energy, as a continuation of the company’ commitment to ESG practices. 

The energy that will power the local projects is generated from wind, hydroelectric and solar power plants. 

“Radisson Blu becomes the first hotel in Romania to implement such an initiative, using 100 % renewable energy, sourced from wind power plants (73%), and hydroelectric power plants (27%),” said Eric Assimakopoulos, Founding Partner of Revetas. 

Revetas’ portfolio in Romania includes Project Nemo hotel complex, The Landmark prime office building, all located central Bucharest and Vitantis Shopping Center located in Bucharest, District 4. 

“These initiatives can have huge benefits on the assets’ sustainability, desirability, and subsequent return on investment. ESG gains momentum now more than ever and we need to focus on reducing the environmental impact and improve the wellbeing of the employees, providing a base for both landlords and tenants for a collaborative and aligned environmental outlook,” added Assimakopoulos. 

The group focuses on commercial property, including office, retail, hospitality and logistics, and more recently on residential assets at pan-European level.