White Star Real Estate publishes first ESG report

20
Dec
2023
News - White Star Real Estate publishes first ESG report #ESG #Poland #sustainability #White Star Real Estate

by Property Forum | Investment

White Star Real Estate has published its ESG report for the year 2022, which includes a review of activities related to the areas outlined in its ESG Policy: environmental, social and corporate governance. Despite no legal obligation to prepare a non-financial report for 2022, the company opted to create a report in reference to the Global Reporting Initiative (GRI) guidelines.


"Sustainable development is a key priority for us – constructing and maintaining facilities aligning with the highest environmental, social, and ethical standards. We regularly assess project quality based on BREEAM certification standards. Notably, our commitment to sustainable development was evident in the release of our first Sustainable Development Report, coinciding with the 10th anniversary of receiving the initial BREEAM final certificate for The Park Warsaw. This milestone occurred at a time when few companies paid attention to green building certifications", said Agnieszka Wójcicka-Krupa, Sustainability Manager at White Star Real Estate. 

By the end of 2022, over 85% of White Star Real Estate's investment portfolio buildings held BREEAM or LEED certification.

"Investing in environmentally friendly solutions in construction represents a conscious effort to shape our environment positively and enhance the quality of life for those inhabiting or using our buildings. Despite no legal obligation for a non-financial report in 2022, we analysed our environmental impact. As a socially responsible company, we aim to inspire the industry toward sustainable development. Through this analysis, we draw conclusions to improve our future practices”, added Agnieszka Wójcicka-Krupa.

In accordance with WSRE's ESG Policy guidelines, the company monitored greenhouse gas emissions in Scope 1 and 2, following the GHG Protocol in 2022. Future plans involve expanding the analysis to include indirect emissions in the value chain (Scope 3), such as waste management, business travel, and employee commuting.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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