S IMMO Hungary to build a fully ESG-compliant office portfolio

Office Retail
June 7, 2022

S IMMO has recently made major commitments towards building a fully ESG-compliant office portfolio in Budapest with a large acquisition and an ambitious green energy initiative.

Blue Cube - S IMMO

"ESG compliance is a key issue for the coming years. There will be an increasing emphasis on considering and implementing investments that ensure sustainability and reduce the ecological footprint of buildings and companies. Slowly but surely, all players in the Hungarian commercial real estate market will be forced to bring their buildings up to EU green standards," – said Géza Barabás, Director of S IMMO Hungary.

 

As a first step, S IMMO Hungary has integrated sustainable facilities such as BudaPart Gate into its portfolio and has rethought the way it operates its buildings with renewable, green energy. The Pódium has recently received a BREEAM In-Use Asset Performance rating at the "Very Good" level, and the Blue Cube and River Estates office buildings are already BREEAM certified, as is BudaPart Gate, in addition to its LEED Gold certification. The company's long term goal is to ensure that all S IMMO office buildings meet the highest possible sustainability standards.

BREEAM In Use Very Good rating for the Blue Cube office building

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