ARTICLES LABELLED WITH TAG green

Four CTP buildings in Hungary have received the BREEAM In-Use Excellent certification withCTPark Arrabona - GYR1 in Győr having the highest score among the BREEAM In-Use certified buildings in Hungary. As a result of the comprehensive certification process covering the entire portfolio of the company, all of CTP's properties in Hungary have received BREEAM In-Use certification and 4 buildings have earned an Excellent rating.

CTP will modernise the Spielberk office complex near the Brno city centre. The aim is to lower energy consumption and ultimately reduce the carbon footprint of the site. CTP is investing almost €1.5 million (CZK 40 million) into modernising the energy system.

On 5 August 2020, CPI Property Group auctioned HUF 30 billion (about €86 million) of senior unsecured green bonds with a 10-year bullet maturity. The bonds carry a coupon in Forint of 2.25% and were sold at a yield of about 2.02% following a robust investor response with bids of more than HUF 45 billion received at auction. The issuer was the Group’s subsidiary CPI Hungary Investments Kft., with an unconditional guarantee from CPIPG. Raiffeisen Bank Zrt. acted as sole mandated lead arranger on the offering.

In September 2019, CTP announced its goal to certifiy its entire portfolio of industrial buildings according to the BREEAM standard, and in January began the certification process in six countries with local appraisers. CTP now announced the 80% milestone and the 100% certification of its country portfolios in Romania, Serbia and Poland.

AFI Europe Romania has finalized and completely sold phase I of AFI City, the first residential project developed by the company in Romania. The first phase consists of 190 apartments and 228 parking lots, and is located in northern Bucharest, in the Bucurestii Noi neighborhood.

The industrial real estate sector in Romania will receive a boost thanks to an agreement signed between the European Bank for Reconstruction and Development (EBRD) and Warehouses De Pauw (WDP). The EBRD will provide WDP with a €150 million senior unsecured loan to support the company’s portfolio expansion in the country.

United Business Center 3 in Timișoara has become the only LEED ‘Platinum’ certified office building in Romania outside Bucharest and the third one in the country.

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.

Westbridge Advisory International AG, the international entity of operating cost optimizer Westbridge Advisory, has converted a portfolio of six office buildings for Union Investment in Poland to green electricity. By bundling the entire supply with a single utility and the switch of the entire portfolio to green electricity, it was possible to reduce CO2-emissions by roughly 7,600 tons. The properties, located in Warsaw, Wroclaw and Poznan, have a total rental area of around 155,000 sqm and an aggregated annual electricity consumption of 25 gigawatt-hours.

The LivinnX Kraków student residence, developed by Golub GetHouse, has signed an agreement with Tauron, which includes the purchase of electricity obtained entirely from renewable sources, i.e. hydroelectric power plants and wind farms. LivinnX will use the electricity offered as part of the EKO Premium product, which is the only solution in Poland to have a Green Energy Sale Guarantee, confirmed by the Polish Association for Energy Certification.