ARTICLES LABELLED WITH TAG sustainability

BIG Shopping Centers, Israel’s leading shopping center development group, announced the sealing of the first deal for the group’s energy branch. BIG Energia Holdings Kft., BIG Group’s wholly owned subsidiary, engaged in the agreement to acquire all the shares of a Romanian company which holds the rights for the wind turbines erection project in the Braila district of Romania. The project is planned to incorporate seventeen turbines, each of 6-Megawatt capacity, estimated to produce 102 MW in total.

Generation Park Y, developed by Skanska in Warsaw’s Wola district, has been awarded the LEED Core & Shell certificate at the Platinum level - an international system of building assessment for energy savings and reduction of water consumption. Consequently, it has an impact on reducing carbon dioxide emissions.

Climate change presents new challenges for the real estate sector but also an opportunity to get ahead of the competition. The topic was discussed at Balkans Property Forum 2021, Property Forum’s annual event in Belgrade.

Millennium Gardens, developed by TriGranit in Budapest, is over the design stage of the two-stage BREEAM certification, which puts the office building in the Excellent category.

Property developer Skanska and Holcim Romania Group, the producer of building materials, have announced a strategic collaboration that aims to accelerate the transition to a greener built environment. 

Hungary-based Alfa Group is entering the dynamically growing private rental sector (PRS) and will deliver the second and third phases of its Ha11er residential project in District 9 of Budapest with apartments for rent. Residential-for-rent is an already well-established market segment in Western Europe that has attracted significant interest from institutional investors. This is increasingly true for certain CEE countries as well, such as Poland or the Czech Republic, but in Hungary, Alfa Group is entering the PRS market as one of its pioneers.

According to Walter Herz, office buildings that have solutions to limit the negative impact on the environment and reduce operating costs, at the same time provide a friendlier, safer and better organized work space. What do they offer?

CEE is a competitive market based on the number of certified buildings, but companies need to accelerate carbon reduction projects, noted speakers in the ESG strategies panel of CEE Property Forum 2021, Property Forum’s first real-life event back in Vienna since 2019 which was attended by over 400 people coming from countries all over the region and beyond.

Colliers today released "Elevate the Built Environment", its new strategic framework designed to embed environment, social, and governance (ESG) best practices across the organization.

CTP successfully completed another green bond issuance, structured as a dual tranche. CTP raised a total of €1 billion under its recently increased €8 billion EMTN program. The issue included a €500 million five-year tranche, a €500 million ten-year tranche and a concurrent €150 million capped tender offer on the €650 million senior notes due October 2025. Total demand for the issue was around €3.5 billion and the tender offer well exceeded the targeted amount, evidencing and further supporting the solid standing that CTP holds amongst international bond investors less than one year after first entering the market.