Prague's famous brutalist-style Intercontinental Hotel is undergoing a complete renovation. After the reconstruction, the hotel will operate with sustainability principles and will become part of the Fairmont chain, the daily E15.cz reports without mentioning the price of the planned reconstruction.

Investors and tenants in Romania appear to have higher expectations regarding the environmental characteristics of the building than their counterparts in other countries, according to a survey by CBRE of 20 building owners in Romania. 

The Echo-Archicom 2030 strategy is to follow a road map that lays out year by year how both companies are to decarbonize through zero-emission developments while further increasing the role of greenery in the group’s projects and supporting appropriate city development. The developers also intend to provide their employees with equal career and training opportunities, maximize construction site safety and strengthen its corporate governance.

Heimstaden Bostad has established a combined green and sustainability-linked financing framework to enable the issuance of green and sustainability-linked financing instruments.

Alicja Kuczera, CEO of the Polish Green Building Council (PLGBC) talked to Property Forum about the impact of the energy crisis on the local property market, the development of a circular economy and environmental awareness in Poland.

CEE-based media and event platform Property Forum has launched a news portal, green-forum.eu, publishing stories on the topic of ESG with a geographical focus on Central and Eastern Europe. Designed to bring you the latest news and information from around the region in real-time, Green Forum’s goal is to provide its readers with the most accurate, up-to-date and unbiased news possible.

Developer Garbe Industrial Real Estate CEE has completed the construction of the first building of its industrial park in Piešťany, Slovakia. The new development is in line with the company’s sustainable philosophy and the hall's roof features photovoltaic panels, which will be the primary renewable energy source.

In Prague 7, Skanska is preparing the first office project in the Czech Republic which is being built on the principle of the circular economy. The Mercury project is being built with materials from demolished buildings and will have 20,000 sqm of premium office and retail space.

The office market in Bucharest could start to see a mode generalized increase in rents due to a limited volume of deliveries slated for 2023 and a limited vacancy rate for modern buildings, predict experts of Colliers. 

The Hungarian property company is bolstering its sustainability efforts by entering an agreement with the fast-growing Norwegian Proptech company Varig Technologies.