Skanska to build CEE’s first climate-neutral office project

16
Jul
2020
News - Skanska to build CEE’s first climate-neutral office project #climate change #Czech Republic #development #green #office #Prague #Skanska #sustainability

by Property Forum | Office

Skanska plans to build the first climate-neutral office building in the CEE region. The developer is going to use a solution based on structural timber, as wood is a natural resource that will help reduce the carbon footprint. Construction works on the office building located on Radlická Street in Prague are planned to begin in 2023. Skanska has made a global commitment through a climate target of net-zero carbon emissions by 2045, with a 50% reduction by 2030.


Together, building and construction are responsible for 39% of all carbon emissions in the world, with operational emissions (from energy used to heat, cool and light buildings) accounting for 28%. The remaining 11% come from embodied carbon emissions or ‘upfront’ carbon that is associated with materials and construction processes throughout the whole building lifecycle.

The office building which is under design and aims for climate neutrality is going to be located on 13,000 sqm land on Radlická Street in Prague 5 in close proximity to a subway station. The leasable space is estimated to be 30,000 sqm.

“To achieve our goal of a climate-neutral building, besides other highly efficient and sustainable solutions, we are going to replace structural elements from concrete to timber. Wood has amazing qualities. One of the best, especially in the current context of accelerating climate change, is the fact that the material has a very low carbon footprint. Wood not only stores CO2, it can also be re-used when the lifecycle of the building is over. The use of wood is a part of an ongoing natural lifecycle,” said Alexandra Tomášková, Executive Vice President Operations Hungary & Czech Republic at Skanska Commercial Development Europe.

Why is wood such a sustainable material?

Trees take carbon dioxide from the air and while converting it into wood they release oxygen back into the atmosphere. But the older the tree gets, the slower it grows, using less and less CO2. Eventually, it starts to decay, releasing CO2 back into the air. If we use the wood before the end of its lifecycle as a material, CO2 stays preserved in the timber for decades.

Using wood instead of steel or concrete means less fossil fuel consumption and, as a result, less greenhouse gas emissions. Wooden construction is easily prefabricated, reducing the amount of work that needs to be done right on the site. In addition, core construction from timber is faster to build than concrete, being also easily recyclable.




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New leases

  • Cordon Electronics, a specialist in electronics and advanced technologies, has renewed its lease agreement at MLP Pruszków II, in the immediate vicinity of Warsaw. The company will continue to occupy a total of 7,770 sqm of modern space, a footprint that includes 458 sqm dedicated to office operations.
  • mBank, the digital banking company in Poland, has decided to relocate its largest corporate branch in Lower Silesia to the Infinity office building in Wrocław. The company will occupy nearly 1,300 sqm on the fourth floor of the building. The tenant will move into the development owned by Avestus Real Estate and Alchemy Properties in January 2027.
  • GSP Global Solutions Provider has further expanded its cooperation with CTP by leasing an additional nearly 7,000 sqm in CTPark Budapest Vecsés on a long-term basis.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.


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