ARTICLES LABELLED WITH TAG sustainability

The South Tower of City Gate in Bucharest, developed and managed by GTC, has been awarded the LEED Gold v5 certificate. This is the latest version of the world's green building standard, outlining steps towards near-zero carbon emissions, prioritizing people, and supporting building resilience. City Gate is the first property in Romania and only the fourth existing building in Europe to achieve this recognition, following projects in Italy, Spain, and Sweden.

Nepi Rockcastle has inaugurated its first photovoltaic park in Chișineu-Criș, Arad County, Romania, marking a milestone in the shopping centre developer's sustainability efforts.

Local property developer Sema Real Estate has launched pre-sales for the first phase of its Sema Home residential project in central-western Bucharest.

By 2025, more than a third of the energy consumed by properties managed by Granit Asset Management will be sourced from renewable energy. The cooperation between Grandum Property Management and Parkl has resulted in the implementation of energy efficiency solutions alongside a smart parking and mobility system for tenants at the Alkotás Point office building.

Romania is positioning itself as a key retail market in Central and Eastern Europe, with developers shifting focus from large cities to smaller communities, according to a Colliers report. While large cities previously concentrated three quarters of modern retail stock, rising incomes and demand for modern formats are making communities of around 50,000 inhabitants attractive for new investment, with retail parks driving development.

America House has received Access4You Gold certification for its accessibility facilities, reinforcing its commitment to inclusive design and barrier-free access. The certification confirms standards to accommodate individuals with locomotor disabilities, including wheelchair users, elderly individuals, people with reduced mobility, and visitors with strollers, as well as access for blind and hearing-impaired visitors.

Speedwell is strengthening its collaboration with Garanti BBVA Romania through a new €8 million financing agreement. The facility will fund the development of Building C8, the fourth building within The Ivy, Speedwell's residential project near Băneasa Forest. With this deal, Garanti BBVA's total financing for The Ivy now reaches almost €40 million.

Alesonor has partnered with Pescariu Sports&Spa to create a 12,000 sqm sports and leisure complex within the Amber Forest suburb, with a planned investment of €8 million. The project will feature outdoor tennis and padel courts, two leisure pools, and a 2,200 sqm central building including a semi-Olympic swimming pool, spa, and fitness club.

Nepi Rockcastle successfully issued a €500 million green bond that was eightfold oversubscribed, with an orderbook exceeding €4 billion from over 200 international investors.

Two hotel developments by Wing, the Ibis & Tribe Budapest Stadium Hotel and the Tribe Budapest Airport Hotel, have obtained BREEAM certification. The dual-branded Stadium Hotel is the first hotel in Hungary to achieve the highest rating, the BREEAM In-Use "Outstanding" category, joining only four hotels worldwide that hold this top-level sustainability certification.