East Capital Real Estate announces three new BREEAM sustainability certificates
As part of East Capital Real Estate’s commitment to investing in green, environmentally sustainable assets, we are pleased to announce three new BREEAM sustainability certificates.
These latest certificates take us closer to our goal to have all properties in our fourth fund certified. The properties are SEB Estonian head office located in Tallinn, the newly commissioned Zalgirio 112 office building and the Laisves 75, distribution, retail and office complex occupied by online retailer Pigu - both located in Vilnius, Lithuania.
East Capital Real Estate obtained the BREEAM In-Use sustainability certificate on the level “very good” for SEB's head office in Tallinn. The BREEAM certification labels the building as “well balanced”, with strong results in all categories.
Features worth highlighting:
- Sorting and recycling of waste in line with the necessary prerequisites for full recycling of collected materials
- Strong security measures implemented within the building
- Very central location, which is easily accessible by public transport, on foot, and by bicycle offers a wide range of services in the immediate vicinity
Newsec, a full-service property house in Northern Europe, provides technical management in the building. Janek Hintsov from Newsec comments: “The BREEAM certification is a recognition to the building owner and the management company that another step towards a carbon-free environment and sustainable management of the building has been taken.”
In Vilnius, East Capital Real Estate has obtained 2 new BREEAM certifications:
- Zalgirio 112 office building
- Laisves 75, last mile distribution, retail and office complex.
Zalgirio 112 has obtained a BREEAM New Construction sustainability certificate on the BREEAM level “very good”. Zalgirio 112 is a newly developed 5-storey A+ energy efficient office building located in the rapidly developing and expanding part of Vilnius central business district – the "New Skansenas" quarter. The office building received high scores for its advanced engineering solutions for building efficiency and comfort, such as high-efficiency ventilation with humidification and a climate control system.
Laisves 75, last mile distribution, retail and office complex, has obtained a BREEAM International In-Use sustainability certificate which corresponds to the BREEAM “very good” standard. Completion of the certification confirms successful conversion and regeneration of this asset according to high modern environmental and energy efficiency standards. The asset is fully leased to the regional e-commerce leader PIGU and acts as its headquarters and main distribution center - the largest Lithuanian physical store with a built-in “drive in” function and a 3,500 m2 warehousing facility.
These successful BREEAM certifications complete East Capital Real Estate’s aim to certify all three assets acquired by the East Capital Real Estate Fund IV in Lithuania during the last year and this further supports the fund’s core strategy to invest in green, environmentally sustainable assets. However, the work does not stop here as we, on an ongoing basis, evaluate how we can further strengthen the sustainability profile of our properties as we seek the highest possible standards for our properties, says Albin Rosengren, Partner, East Capital Group.
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Contact information
Albin Rosengren, Partner, East Capital Group
+46 8 505 88 550, albin.rosengren@eastcapital.com
Jessica Scott, Chief Marketing and Communications Officer, East Capital Group
+46 708 72 84 55, mediaenquiries@eastcapital.com
About East Capital Real Estate
East Capital Real Estate is a leading real estate manager that focuses on commercial real estate investments the Baltics and Central Europe, primarily in the office, logistics and retail segments. We manage three funds and one investment mandate, with a total investment value of EUR 400 million, distributed across 19 properties with a lettable area of 330,000 square metres.
East Capital Real Estate is part of East Capital Group − an active asset manager based in Sweden since 1997. We offer a range of investment solutions within equities, fixed income securities, real estate and alternatives. The essence of our business is not only to find attractive investment opportunities, but also to work to drive positive change, influencing industries around the world to become more sustainable. We have a broad range of international investors including leading institutions, companies and private individuals.
For further information, please visit www.eastcapitalrealestate.com
Disclaimer:
Past performance is no guarantee for future performance. Fund units may go up or down in value up and may be affected by changes in exchange rates. Investors may not get back the amount invested. Full information such as the prospectus, key investor information documents, articles of incorporation and annual reports in English, can be obtained on our websites www.eastcapital.com, www.espiria.se, www.adrigo.se, www.eastcapitalrealestate.com, from all the local representatives or information agents, or from our distributors. Please refer to the prospectus and to the KIID before making any final investment decisions.
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