News
A sentiment report published by SIOR (Society of Industrial and Office Realtors) Europe and the University of the Built Environment has found cautious optimism among commercial real estate professionals. However, it also warns of a growing divide between prime and secondary stock.
The report says that ESG compliance is becoming a crucial factor in attracting finance, tenants and investment across Europe.
The research finds that ESG considerations are essential for accessing finance, securing occupier demand, and ensuring long-term asset viability.
“European real estate markets are entering a quality reset, where asset performance depends on ESG compliance, data transparency, and professional capability,” commented Matthew Leguen de Lacroix, the head of business development for EMEA at SIOR, speaking at MIPIM, the annual global property and investment conference and exhibition, held in Cannes, France.
“ESG has shifted from a reputational consideration to a practical gatekeeper for financing, leasing and long-term viability. Yet members report ongoing uncertainty, concerns about ‘certification theater’ and difficulties evidencing clear pricing impacts. Non-compliant buildings already face exit risk,” the SIOR report concludes.
The object of the study was to review the sentiment of SIOR members. The research focused on both how ESG affects member’s day-to-day project work, and how the application of AI will impact real estate.
Budapest ONE Achieves BREEAM In-Use ‘Outstanding’ Certification
All three phases of the Budapest ONE office building have now achieved the highest BREEAM In-Use “Outstanding” certification, which assesses the actual, operational performance of the project.
The result makes the 66,000 sqm complex, developed by Futureal, the highest-ranked office building in Hungary within the BREEAM framework, according to the developer. Its performance is supported by on-site solar energy generation, which helps reduce tenants’ energy costs.
Describing “exceptionally high percentage scores,” Futureal says, “Auditors rated the building’s performance as outstanding in several areas, including accessibility, flexibility and water management. CBRE participated in the certification process as both an advisor and an assessor.”
The complex was designed with a strong focus on energy efficiency and reducing environmental impact. The office building operates an energy-efficient, intelligent central building management system and is equipped with a heat recovery ventilation system.
A total of 150 solar panels with a combined capacity of 81.76 kWp have been installed on the roof. The system generates approximately 80,000 kWh of electricity annually, reducing carbon dioxide equivalent emissions by nearly 18 tonnes per year. The green energy produced results in annual savings of several million forints overall, proportionally lowering tenants’ energy costs, according to Futureal.
“Our objective with Budapest ONE was to ensure that sustainability delivers measurable results and visible business advantages in everyday operations. Achieving the ‘Outstanding’ certification for the entire building confirms that we are capable of developing long-term, value-retaining office buildings in line with the most stringent international standards,” comments Gábor Radványi, chief architect and head of sustainability at Futureal.
The building also holds the highest “Gold” rating from Access4You, as well as WELL Core “Platinum” certification. Futureal says tenants benefit from a green rooftop garden, bicycle storage with showers, EV, bicycle and scooter charging facilities, selective waste collection, and a nearly 500-meter-long rooftop running track. Inside the complex, there is half a hectare of open community space and green areas.
The full article is available at bbj.hu.