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REAL ESTATE review
Budapest One Business Park by Futureal.
SUSTAINABILITY ACCREDITATION INCREASINGLY THE NORM Sustainability accreditation from an independent, third-party sustainability organization such as the U.K.-based BREEAM (Building Research Establishment Environmental Assessment Methodology), the American LEED (Leadership in Energy & Environmental Design) or, increasingly, WELL, is now the norm for development at the top end of the Hungarian office markets and increasingly at the higher strata of other sectors such as logistics. By Gary J. Morrell Regional and established Hungarian developers such as Skanska, Atenor, GTC, HB Reavis, CPI, Prologis, Wing, Horizon Development and Futureal all have common sustainable development policies across Hungary and Central and Western Europe. This growing use of green and sustainability accreditation systems by developers and building owners is in response to tenant demand and the need to conform to environmental regulations,
and can be seen as market forces operating in the interest of, and the safeguarding of the environment.
Dr. András Reith, director of sustainability at the architectural studio of Paulinyi-Reith & Partners.
Developers are, at the same time, constructing on better quality and higher specified buildings that have a lower negative impact on the natural environment.
“Green architectural solutions will gain a stronger emphasis in 2019, and this is also strengthened by new regulations and client needs,” Reith adds.
“Trends have become more transparent, taking into account the effects of the building industry both on people and the environment and reacting to these effects with the help of innovative technologies and architectural solutions,” comments
Developers have become increasingly concerned with interiors and the perceived wellbeing of staff in office centers, as evidenced by the fact that more are seeking WELL accreditation in addition to BREEAM and LEED sustainability accreditation.
