Real estate advisor Avison Young has announced Wesley Thomson has joined the firm as Director of ESG, UK & Europe, to lead ESG strategy in the region.

Companies in the IT&C sector had a share of 32% in Bucharest’s office lease market in Q1 and generated 93.6% of new leasing transactions in regional cities such as Cluj-Napoca, Iași, Timișoara and Sibiu.

One of the most important factors for decision making in any business these days is understanding and complying with ESG standards. If a company wants to grow and be successful, it should follow the needs of customers and investors much more than ever before, said the experts of the ESG panel at Bratislava Property Forum 2022.

Radisson Hotel Group is making a strong commitment to decarbonize its business by setting ambitious emission reduction targets to be net zero by 2050, in line with the SBTi Net-Zero Standard, as the Group releases its 2021 Responsible Business Report.

The greater openness of Czech organisations to employ people with disabilities has begun to accelerate the necessity of adapting work environments to better meet the needs of this population. According to Colliers, a real estate service and investment management company, this demand has multiplied over the past five years partly due to the application of ESG rules.

The year 2021 was a breakthrough for the Capital Park Group. The company completed the revitalisation of its flagship investment project, the Norblin Factory in Warsaw’s Wola district. The Capital Park Group generated a consolidated net profit of PLN 245.6 million. The Group decided to publish its first sustainable development report.

Earth Hour, initiated by WWF, was joined by CPI Hungary and new energy market provider Energo Hungary.

Several large Polish real estate companies have joined forces to help refugees in Poland that are fleeing the war in Ukraine under the #Property4Ukraine initiative. The companies will provide a temporary home for 3,000 refugees from Ukraine. They are already moving into four buildings belonging to Echo Investment, Grupa Archicom, Globalworth and Skanska.

There is increased demand for all categories of property assets in Romania, with office and industrial set to continue their growth streak this year. Property Forum talked to Victor Constantinescu, Managing Partner of Kinstellar’s Bucharest office and Co-Head of the firm-wide Real Estate practice, about the impact of the pandemic on Romania’s real estate market and how the country’s property investment potential can be harnessed in the next years.

Reducing carbon emissions is surely becoming a top priority for landlords especially since numerous investors have committed to reaching net-zero emissions. At the same time, they’re also discovering that digital tools can help improve occupancy in office buildings which often stand half-empty these days due to widespread remote working. It’s high time for the industry to use disruptive technology and invest in digitization to improve utilization of space and reduce carbon emissions, says a new report on ESG and digitalization in the office market by workcloud24.