Demand for sustainable development increased significantly throughout 2016, says BuildGreen
BuildGreen, Romania's development, design and green building certification company, ended the year 2017 with a portfolio increase of over 100 per cent, surpassing the level of 2,7 million sqm of properties assisted for certification. For 2017, the company plans to consolidate its international presence and increase its portfolio with 30 per cent.
The demand for sustainable development and certification of buildings increased significantly throughout 2016. Three major trends characterize the market evolution: a spectacular growth of interest coming for retail developers, along with positive signals from the industrial and residential segments; increased demand for sustainability outside Bucharest; the rise of a new type of customer: the end-user.
"Among the most notable projects started by BuildGreen in 2016 is the certification of NEPI's property portfolio in Central and Eastern Europe," said Razvan Nica, managing director, BuildGreen. "The fact that Europe's biggest real estate company chooses to implement green building solutions represents a positive signal for the entire real estate market and an unprecedented recognition of sustainability as a strategic tool in the successful development and management of commercial properties.
The second positive market signal is given by the increased demand from end-users, which could be considered the "tipping point" of large-scale adoption of green building principles. As of last year, we have been receiving more and more requests for certifying owner-occupied buildings, coming from companies outside the real estate sector. We already manage 3 projects of this type."
In 2016, BuildGreen signed consultancy contracts for 33 new projects - located in Romania, as well as in other Central and Eastern European countries, such as Czech Republic, Slovakia and Croatia. The new contracts represent a 67 per cent growth in the number of projects managed by BuildGreen.
Big real estate investors from Romania and from across the borders, small developers or even final users are among the new clients contracted by BuildGreen in 2016. The new contracts include projects such as The Bridge, developed by Forte Partners, Unirii View, the office tower built by Belgian investor Yves Weerts in downtown Bucharest, or Globalworth Tower, owned by Globalworth investment fund. Also, in 2016, NEPI assigned BuildGreen to manage a thorough certification process that covers NEPI's entire property portfolio in four key markets.