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In this celebration, GRI Club acknowledges projects that transcend the ordinary, elevating construction, architecture, and quality of life. But it's not just technical mastery that's rewarded; the commitment of teams and leadership to positively impact society and the environment by embracing sustainability and corporate responsibility values is also exalted.
Each finalist and winner of these distinctions embodies the pinnacle of quality, transformation, and innovation. Following a meticulous voting process that ensures integrity and fairness in the results, the awards will be presented at the GRI Awards Europe 2024 ceremony to celebrate together and recognise true real estate excellence.
Edificio Pirita | Madrid
- CO2-zero building, all carbon used has been compensated
- Construction made of TLC with FSC Certification
- 100% of used energy is renewable
- 16 kW photovoltaic installation
Pirita is Distrito Natural's first ecological co-housing development in Madrid. It is a CO2 zero building - all the carbon emitted during its construction has been compensated- and Passivhaus that has 11 homes spread over three floors, as well as various communal spaces - terrace with vegetable garden, coworking, laundry, etc. - in which to generate community. The structure is made of cross-laminated timber (CLT) with FSC certification, which guarantees the sustainable management of forest resources, their maintenance and the future capture of more environmental carbon. The use of wood responds to environmental justifications - it is a natural material, reusable, recyclable and capable of sequestering carbon - but also to practical reasons, as it allows us to shorten construction times and its energy performance is very good - 400 times more insulating than steel. Other decarbonization strategies: -Life Cycle Analysis has been developed to calculate the carbon footprint of the project. -All materials are ecological, low impact, organic and certified, such as mineral paints, ecological varnishes and wood with FSC sustainable management certification. -Following bioclimatic design and passive architecture criteria, Pirita will present high energy efficiency and comfort - especially for summer - in an increasingly. -Recycled, recyclable and renewable materials. -The energy used by the building is 100% renewable. The building will also house a 16 kW photovoltaic installation.
Worship Square | London
- Fully net-zero project in both construction and operation
- 450 kgCO2e/m² upfront carbon, using lightweight concrete and high-grade steel, among other measures, to lower embodied CO2 by 50%
- Fully electric building
- Onsite renewable energy produced via 71m2 of photovoltaic cells
- Planting over 500 plants with a neighbouring school
Worship Square is a fully net-zero project in both construction and operation, aiming for BREEAM Outstanding, WELL Platinum, designed to achieve 5.5* NABERS rating and having achieved SmartScore and WiredScore Platinum.
Striving for sustainability excellence, the project targets <450 kgCO2e/m² upfront carbon, using lightweight concrete and high-grade steel, among other measures, to lower embodied CO2 by >50% compared to the LETI baseline. Demolition employed Biodiesel and reuses a portion of the existing structures.
Its circular economy incorporates innovative features such as an in-house wormery transforming food waste into compost for its edible rooftop gardens, and 3,200 NASA-approved air purifying plants.
The building will be fully electric, with high-efficiency air-source heat pumps, smart energy management, and onsite renewable energy produced via 71m2 of photovoltaic cells. Worship Square’s commitment to transparency includes occupiers’ live energy usage data monitoring for enhanced ESG reporting.
It won Best Community Project at the BPIC Awards 2022 for its partnership with Rise-365, creating 14 paid work placements for local youth, a career day for female students, 94 hours of community volunteering, and planting over 500 plants with a neighbouring school.
Our governance ensures responsible behaviour, embedding sustainability in procurement, and engaging contractors on ESG commitments via HB Reavis’ Environmental Code of Practice.
Worldwide Barclays portfolio
- +800 assets comprising data centers, offices, and retail branches
- 30+ key stakeholders across the business in establishing a net zero carbon roadmap for Barclays' global portfolio
JLL partnered with Barclays to achieve sustainability goals across its global real estate portfolio. Barclays had set their sustainability leadership ambition, in 2020 becoming one of the first banks to announce target becoming net zero bank by 2050. Barclays needed support translating their ambition to action and determining the optimal pathway to meet their targets. JLL engaged with 30+ key stakeholders across the business in establishing a net zero carbon roadmap for their global portfolio of +800 assets comprising data centers, offices, and retail branches, supported by a CAPEX/OPEX investment plan, data strategy, and target operating model. Powered by JLL’s Carbon Pathfinder solution, named ""Next Big Thing in Tech"" by Fast Company, JLL established materiality across all real estate related emissions scopes and modelled asset level carbon pathways across the real estate life cycle, considering both operational and embodied carbon as per the UKGBC and RIBA guidance.
JLL have supported Barclays to:
Establish the first-ever holistic strategy emphasising occupier-landlord collaboration and co-investment to mutually beneficial goals.
Integrate sustainability in decision-making, providing leadership with a forward-looking view and business case to reaching NZC targets.
Optimise its annual investment plan by adjusting portfolio strategy and planning investments smarter.
This collaboration is leading to concrete action on decarbonisation, including real-life transactions across key regions of UK, North America, and APAC, and ongoing project and capital investments planning showcasing tangible progress towards realising Barclay’s NZC ambitions.
Accenta raises 108 million euros to decarbonize buildings | Paris
Avenue Capital Group Closes on Over $1 Billion in Commitments for European Strategy Targeting Asset-Backed Lending Opportunities
The Avenue Europe strategy is focused on providing senior secured, asset-backed loans to structurally underserved borrowers across Northern Europe. As traditional lenders have reduced their lending in certain areas of the market, there is an attractive opportunity for alternative lenders with established capabilities. The Avenue Europe team leverages Avenue's origination platforms and long-standing presence in Europe to generate a large volume of recurring lending opportunities in these market niches which are generally less competitive and have high barriers to entry.
£500M PBSA transaction
The transaction sees Israeli insurance group Menora Mivtachim Group invest in Cain’s existing U.K. PBSA platform with developer Fusion Group, alongside the addition of a new development partner, Olympian Homes. The transaction marks Menora’s first direct investment into a U.K. PBSA strategy.
With Olympian, Cain will deliver two new PBSA schemes in the key university cities of Leeds and York. In Leeds, the 45-storey Cirrus Point will provide 660 beds across 255,000 sq. ft., making it the tallest PBSA building in the world and the tallest building in Leeds. It is due for completion in 2026. In York, in time for the 2025/26 academic year, Rialto House will provide 275 beds a ten-minute walk from the city centre and a seven-minute bus ride from the University of York. Both schemes will offer high-quality amenities including a gym, yoga studio, cinema, games room, co-working, group dining and shared outdoor spaces. RG Group and GMI have been appointed as contractors for the Leeds and York schemes respectively."
Edition Lake Como | Lake Como, Italy
- Omnam Group, Bain Capital Credit, and Kryalos acquired a midscale hotel on Lake Como and are rebranding it as an EDITION, the first luxury-lifestyle destination on the lake.
- They are restoring the hotel to its historic 19th-century grandeur, creating a luxurious experience that honors the hotel's history and the lake’s heritage.
- The 148-key hotel will feature views of the Bellagio mountains, various food and beverage venues, wellness and fitness facilities, conference space, and the largest floating pool on the lake.
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Omnam Group, Bain Capital Credit and Kryalos have acquired a midscale hotel on Lake Como and, through a heavy capex program, are uplifting and re-branding the hotel as an EDITION - creating the first true luxury-lifestyle destination on the Lake. Omnam have worked with a best-in-class team to bring the building back to its historic 19th century grandeur, creating a new type of luxurious experience while honouring the hotel's rich history and the lake’s noble heritage. The 148-key hotel will have breathtaking views of the Bellagio mountains, an extensive range of food and beverage venues overlooking the lake, high-end wellness & fitness facilities, conference & event space, and the largest floating pool on the lake.
Hotel Praia del Rey | Portugal - Praia del Rey
- The acquisition includes the 5-star Marriott Praia d’El Rey Hotel, two 18-hole golf courses, and management of a large rental pool of apartments in Praia d’El Rey.
- This purchase complements Azora's portfolio of six leading hotels in Portugal, including Vilalara, Tivoli Vilamoura, Tivoli Carvoeiro, Tivoli Alvor, The Lodge Hotel, and the upcoming Hotel das Luzes.
- Azora plans to enhance the hotel and golf courses with further investments and operational improvements, reinforcing its commitment to the Portuguese tourism sector.
The transaction includes the acquisition of the 5-star Marriott Praia d’El Rey Hotel, two leading 18-hole golf courses and the management of a large rental pool of apartments in Praia d’El Rey. Purchase complements Azora’s current portfolio of 6 leading hotels in Portugal, including Vilalara, Tivoli Vilamoura, Tivoli Carvoeiro, Tivoli Alvor, The Lodge Hotel and the future opening of Hotel das Luzes, and highlights Azora’s strong conviction for the Portuguese tourism sector. Azora will continue strengthening the positioning and quality of the Hotel and the golf courses with further investments and operational improvements
Bob W Kaarti | Helsinki, Finland
- K40, located in Helsinki, is a recently renovated hotel project housed in a modernized building originally constructed in 1984.
- The five-story hotel offers 55 rooms catering to long, medium, and short-term stays, enhanced by a collaboration with Bob W, a tech-driven hospitality platform.
- With LEED Gold certification, K40 prioritizes environmental sustainability through energy-efficient features like advanced insulation, eco-friendly windows, and solar panels, ensuring both ecological responsibility and guest comfort.
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- LEED Gold Certification
K40, a recently completed hotel project, stands as a modern marvel in the heart of Helsinki. The building was constructed in 1984 and has been renovated comprehensively into a modern five-story hotel facility offering 55 rooms, with a mix of long, medium and short stays. Through the collaboration with Bob W, a tech and environmentally driven hospitality platform, it further strengthens the project’s market position, promising robust revenue projections and a competitive edge in the hotel industry. In line with the latest environmental standards, the building has achieved LEED Gold certification. The hotel’s energy-efficient features, such as advanced insulation, eco-friendly windows, and solar panels, not only minimize its ecological footprint but also ensure a comfortable and serene guest experience.
Ireland Strategic Investment Fund €500m Investment Programme | Limerick
- Ireland Strategic Investment Fund’s €500m Investment Programme to create transformative development and impact in Ireland’s 5 regional cities.
- Exemplar project in One Opera Square, Limerick, Ireland
- €80m joint venture between ISIF and Limerick Twenty Thirty
- 12,111m2 of Grade A office space, with capacity for 1,000 employees
- 1st office building in the Mid-West region of Ireland to achieve LEED, WELL and Wiredscore Platinum accreditation.
- ISIF investment in the commercial elements of the scheme, is unlocking funding for the entire development of a site which has lain largely idle for 20 years.
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An exemplar investment under this programme is One Opera Square, in the heart of Limerick city. One Opera Square is being developed by Treaty Stone Partnership DAC, a joint venture between Limerick Twenty Thirty DAC and the ISIF.
One Opera Square will comprise 12,111m2 of Grade A office space, along with a restaurant/retail offering. The building is being developed to the highest international standards of sustainability, user wellness and IT interconnectivity and will be the first office building in the Mid-West region of Ireland to achieve LEED, WELL and Wiredscore Platinum accreditation.
ISIF’s commercial investment has unlocked c.€225m of complimentary funding from EIB and CIB, and thus enables delivery of a mixed-use integrated regeneration project on a 3.7-acre city centre site that has been derelict since the early 2000’s. The overall Opera project is the largest city centre build project ever undertaken in Ireland outside of Dublin.
As a long-term focussed impact investor, ISIF was able to create a unique capital structure to facilitate the development, work collaboratively with stakeholders and take the long-term investment horizon necessary to unlock a scheme of this nature.
Office Complex "Verde" | Riga, Latvia
- 30,000 square meters of leased area
- BREEAM ""Excellent"" and nearly Zero Energy Building (nZEB) standards
- The impressive and inviting 600 m2 terraces with 5-meter-high trees and a lot of plants on each 5th floor of two VERDE complex buildings
- Natural, Latvian meadow-inspired ornamental grasses in public outdoor areas
- 80 trees with birdhouses and beehives in the Verde surrounding area
- The unique location and architectural idea an integration of the historical or Quiet Centre of Riga and the new development district of Skanste.
- €60m green loan by SEB to finance the project
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"Verde" (www.Verde.lv) is the greenest Class A office complex in Riga, located in the Skanste district, with the first phase opened in the summer of 2022 and the second phase completed in the spring of 2024. The "Verde" office complex consists of two buildings with a total leased area of 30 thousand square meters (45 thousand square meters, including the underground parking lot). This project was created according to the highest sustainability standards, BREEAM "Excellent" and nearly Zero Energy Building (nZEB) standards. An exceptional feature of Verde will be a 1,200-square-meter green terrace with trees and plants, as well as green outdoor workspaces in the courtyards of each of the buildings. The "green" worldview is embodied in the "Verde" complex through sustainable and modern architectural solutions implemented by Latvian architects Andris Kronbergs and Janis Zvejnieks (Arhis Architects), applying Class A energy efficiency and smart building management solutions. The "green" worldview is embodied in the "Verde" complex through sustainable and modern architectural solutions implemented by Latvian architects Andris Kronbergs and Janis Zvejnieks (Arhis Architects), applying Class A energy efficiency and smart building management solutions. SEB bank financed the construction of the Verde office complex by providing a five-year, 60 million euro loan to the project developer, SBA Group company Capitalica Asset Management.
Ivanhoé Cambridge | Montréal (HQ). Europe.
- Net zero carbon for the global portfolio by 2040
- 35% reduction in the operational carbon intensity by 2025
- At least C$6B of new low-carbon investments by 2025
- From 2025 all our new developments will be net-zero on an operational carbon basis
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At Ivanhoé Cambridge, we’ve made sustainable investment a priority and an integral part of our vision and mission. Over the long term, we believe that a sustainable real estate investment is a profitable investment. We’ve systematically taken ESG criteria into account throughout our investment process, from strategy and acquisition through to development, asset management, and disposition. We committed to achieving net zero carbon operational emissions for our global portfolio by 2040. This goal is supported by three interim objectives: a 35% reduction in the operational carbon intensity of our portfolio by 2025 (compared to 2017); at least C$6B of new low-carbon investments by 2025 (compared to 2020); and a commitment that from 2025 all our new developments will be net-zero on an operational carbon basis. We’ve also outlined our goals to improve the social impact of real estate on local communities, including improving access to affordable housing. We focus on inclusion and social impact within Ivanhoé Cambridge and in our real estate investment activities. On the governance side, we assess and manage physical climate risk throughout the investment cycle from due diligence and portfolio construction right through the holding period. To ensure we put our money where our mouth is, we take an active role as a leader and a catalyst for ESG in our industry.
OakNorth lends £29m to joint venture between ALMCOR and Cerberus to support their acquisition of two UK sites | Lancashire and Leicestershire
- Leyland located less than a mile from the M6 and M65 motorways
- Melton site is located less than two miles from Melton Mowbray town centre
- The loan will be used to support their acquisition of the 50-acre Leyland Business Park in Preston, Lancashire, and the 90-acre Melton Commercial Park in Melton Mowbray, Leicestershire, for their European Industrial Outdoor Storage (EIOS) platform.
- As a result of this latest transaction, OakNorth has now lent £37M to the JV having lent £8M previously.
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In December 2023, OakNorth, the digital bank for entrepreneurs, by entrepreneurs, provided a bespoke debt finance facility to support the latest acquisition project of ALMCOR and an affiliate of Cerberus Capital Management, L.P. ALMCOR has over 25 years' experience operating in the UK and European real estate investment markets via its core mission to identify opportunistic real estate opportunities. Meanwhile, Cerberus, which was founded in 1992, is a pioneer in alternative investing with c.$60b in assets across complementary credit, private equity, and real estate platforms. Following its launch in 2022, their joint venture (JV) has €500m of allocated capital to deploy in target markets across the UK and Europe. The £29m loan from OakNorth was used to support their acquisition of the 50-acre Leyland Business Park in Preston, Lancashire, and the 90-acre Melton Commercial Park in Melton Mowbray, Leicestershire, for their European Industrial Outdoor Storage (EIOS) platform. The Leyland site, located less than a mile from the M6 and M65 motorways, consists of high-quality warehouse units, offices, and fully serviced sites ready for bespoke development. Meanwhile, the Melton site is located less than two miles from Melton Mowbray town centre and benefits from two rail sidings, in addition to offering opportunities for redevelopment and energy generation.
Eindhoven DC4 Phase two | Eindhoven, the Netherlands
- Prologis’ Eindhoven DC4 Phase two features two warehouse facilities totaling approximately 27,600 m² and an office space of about 565 m², achieving a BREEAM 'Outstanding' sustainability rating.
- Situated near Eindhoven High Tech Campus, the development offers convenient access to highways connecting to Schiphol airport, Rotterdam Harbor, and Europe's main hinterland.
- Initially planned as speculative development on a former waste site, the project adapted to become a Build-to-Suit, highlighting its versatility and strategic location.
The fully electric facility is built with circular materials and energy-efficient technologies like heat pumps, advanced insulation, smart controls, and triple glazing. A 2.5 MW solar system minimizes emissions. With WELL 'Gold' certification, the development emphasizes employee well-being through features like nature-inclusive landscaping, outdoor seating, and beehives to support local biodiversity. Indoor greenery and smart air quality monitoring ensure a healthy workplace. Additionally, Customs and TAPA certifications guarantee secure logistics handling, while its 'Outstanding' BREEAM certification highlights exceptional environmental performance and sustainability.
Panattoni Park Pilsen West II | Nýřany, Pilsen Region
- BREEAM Certification
- Rainwater and grey water management system is designed to minimize potable water consumption
- Energy-efficient heating and cooling systems
Panattoni Park Pilsen West II, developed on a former coal mine brownfield site, exemplifies modern, sustainable industrial design with an investment exceeding EUR 70 million. The park consists of two production halls, both meeting the stringent criteria of the BREEAM New Construction environmental certification. The Panasonic building, covering a total area of 24,600 m², incorporates numerous sustainable features. Solar panels are installed on the roof, significantly reducing the building's carbon footprint. Additionally, the site includes an insect hotel and extensive cycling infrastructure, including dedicated cycle lanes and covered racks, promoting eco-friendly transportation. These features position the building to achieve the Excellent rating in the BREEAM New Construction sustainability certification. The building is outfitted with energy-efficient heating and cooling systems, ensuring optimal energy use. The rainwater and grey water management system is designed to minimize potable water consumption, further enhancing the building's environmental performance. Panattoni Park Pilsen West II not only revitalizes a former industrial site but also sets a benchmark for sustainable industrial development, reflecting Panattoni's commitment to environmental stewardship and innovation.
Alison Lambert | London
Cherine Aboulzelof | UK
Ana Estrada | London
Cristina Garcia Peri | UK/Spain
AustralianSuper | Europe
- Australia’s largest pension fund
- Investing €1.5bn in one of the largest data centre businesses in Europe
- Minor investment in Vantage Data Centers
The Valesco Group | Paris
- One of Europe’s fastest growing real estate fund managers
- €2.5 billion portfolio in just five years
- €460 million acquisition of Sequana Tower
Amidst a challenging macro backdrop, London-headquartered The Valesco Group, has continued on its trajectory of becoming one of Europe’s fastest growing real estate fund managers. The firm has amassed a €2.5 billion portfolio in just five years despite black swan events including Brexit, a global pandemic, war, inflation, cost of living crisis and soaring interest rates. The last year saw Valesco’s differentiated thesis in action – unlocking mission critical assets, out of pricing dislocations and complex situations in challenging environments, underpinned by strong real estate fundamentals, tenant profiles and pathways to ESG excellence. Executed against one of the most highly volatile and illiquid macroeconomic backdrops in recent history, in June 2023 Valesco completed the €460 million acquisition of Sequana Tower. The iconic tower in Paris is the global headquarters of Accor, the largest hospitality group in Europe. The landmark acquisition represented the largest office deal of the year in Continental Europe and the largest office deal in France since 2021. The investment also represented the first acquisition from Valesco’s new fully discretionary fund, which had a 9-figure equity closing in June 2023, anchored by sovereign wealth capital, demonstrating its ability to raise and deploy capital with conviction, even in a challenging market.
Ivanhoé Cambridge | Montréal
- C$77B repositioned portfolio benefits from increased geo-sectoral diversification
- Repositioning by completing around 300 transactions totalling over C$50 billion in the last few years
- Share of logistics assets increased from 13% to 23%
- Share of shopping centres halved from 22% to 10%
- C$4 billion in acquisitions and C$3 billion in developments completed in 2023
Guided by our mission and duty to create value for Quebecers, we invest in real estate globally to generate sustainable performance. Since 2020, we shifted our business model to prioritize our role as an investor and strategically focused on repositioning our portfolio by: • De-emphasizing our investments in traditional retail and office sectors. • Building momentum in buoyant sectors, including residential, logistics, and life sciences, as well as alternative assets within these sectors. • Investing in modernization and innovation for the benefit of our industry. • Integrating ESG factors into all our actions. Over the last few years, we successfully realized our strategic repositioning by completing around 300 transactions totalling over C$50 billion. Since the pivot, C$5.5 billion in value added has been generated compared with the benchmark index. We achieved our plan faster than expected, all while navigating difficult market conditions. Today, our C$77B repositioned portfolio benefits from increased geo-sectoral diversification, boosting its resilience and performance. Most notably, our share of logistics assets increased from 13% to 23%, and our share of shopping centres halved from 22% to 10%. In 2023, despite challenging real estate environment, we delivered a return of -6,2%, beating the benchmark index by 3.8% and outperforming it for the third time in the last three years. Last year, we completed C$4 billion in acquisitions and C$3 billion in developments.
SOLEC Zeitraum Student Housing | Poland, Warsaw
- A modernist office building at 22 Solec St. in Warsaw has been converted into one of Poland's largest student residences, offering 214 beds and communal spaces like a cinema, study rooms, and a public viewing terrace.
- The dormitory spans two interconnected buildings with eight and 12 floors, totaling 5,239 m², and includes amenities such as accessible facilities, dedicated study and play rooms, a self-service laundry, and a bicycle storage room.
- Operated by ZEITRAUM, a subsidiary of Zeitgeist, the ground floor features rental units for a grocery store, sports studio, café, and fitness club, with the location providing easy access to universities and the cultural attractions of the Powiśle district.
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Modernist office building at 22 Solec St. in Warsaw converted into one of the biggest student residences in Poland. The dormitory offers 214 beds and attractive communal spaces such as a cinema, study rooms and a public viewing terrace. The new dormitory is housed in two interconnected buildings with eight and 12 floors respectively, with a total floor area of 5,239 m2. Numerous amenities await the students. In addition to the obvious ones, such as adapting the building for the disabled, students will have dedicated rooms for playing or studying, as well as functional premises such as a self-service laundry and a bicycle storage room. The operator and co-developer of the building concept is ZEITRAUM, a subsidiary of Zeitgeist, which today manages seven of the group's student residences in the Czech Republic and Poland. Solec 22 is not only a space for students. The investor has decided to dedicate part of the ground floor to rental units: a grocery store, a sports studio, as well as services such as a café or a fitness club. Talks with potential tenants are currently underway. The key magnet is the location. The building is close to universities such as the University of Warsaw and the Fryderyk Chopin University of Music, but also in the heart of the capital's cultural and entertainment life. On the one hand, it borders the Vistula boulevards, offering numerous restaurants and recreational areas. On the other, it is a gateway to the attractions of the Powiśle district.
Wroclaw Jaworska | Wroclaw, Poland
- Wroclaw Jaworska is a PRS project with 681 units, developed by Resi4Rent, a joint venture between Echo Investment and a global investment fund represented by Griffin Capital Partners.
- The project addresses Poland's housing shortage, worsened by the influx of Ukrainian refugees, and promotes inclusivity and cultural diversity with residents from about 90 countries. It offers amenities like Wi-Fi, a billing management panel, technical service, customer service desk support, and inclusive events.
- Notable for its aesthetics, the project features the largest mural in Lower Silesia, created by artist Olaf Cirut, depicting plants from the Herbarium horti botanici Vratislavienis and the Silesian Herbarium, as well as a synthetic plant cell.
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Wroclaw Jaworska is a PRS project, offering 681 units. Its investor is Resi4Rent, a joint venture between Echo Investment and a global investment fund represented by Griffin Capital Partners. The Resi4Rent platform helps solve Poland's housing shortage, particularly evident after the admission of refugees from Ukraine while promoting inclusivity and cultural diversity (the Resi4Rent community includes people from about 90 countries). Residents can access Wi-Fi, a billing management panel, technical service, ongoing customer service desk support, and inclusive events and benefits. The project is distinguished by its original aesthetics. On one of the building's walls, on an area of 760 sqm, the largest mural in Lower Silesia was created by artist Olaf Cirut. Its theme is plants from, among others, the Herbarium horti botanici Vratislavienis and the Silesian Herbarium, as well as a synthetic plant cell.
Flex Living arrives in Spain with MOMENTUM | Spain
- MOMENTUM, a Spanish Investment and Development Real Estate company, is a pioneer in Flex Living projects (serviced apartments), offering comprehensive services from strategy to project implementation. Founded by Ignacio Pareja and Gabriel Fernández de Gamboa, the company anticipates market needs to provide tailored solutions for clients.
- The first Flex Living portfolio, delivered to Greystar, includes 2,500 units in Rivas-Vaciamadrid, San Sebastián de los Reyes, and Valdebebas, all meeting high environmental standards with BREEAM Excellent certification.
- A second platform with 3,473 units in Madrid (Alcobendas, Carabanchel, Vallecas PAU), Barcelona (Sant Cugat), and Bilbao (Barakaldo) is set to be available between 2024 and 2026, with a third platform in planning. MOMENTUM Arquitectura leads in designing Flex Living projects in Spain.
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MOMENTUM, a Spanish Investment and Development Real Estate company, has pioneered the introduction in Spain of the development of Flex Living projects (serviced apartments), offering its investment partners all of the services forming part of the chain of value, from defining the strategy and sourcing the opportunities through to the technical development of the projects and their implementation. It has always been part of the DNA of the founding partners, Ignacio Pareja and Gabriel Fernández de Gamboa, to anticipate the needs of the market and offer the best solutions for each vital moment in the lives of their clients, i.e. thousands of people and families. The first Flex Living portfolio, which has already been delivered to Greystar and is now fully up and running, is composed of 2,500 accommodation units located in Rivas-Vaciamadrid, San Sebastián de los Reyes, and Valdebebas, in the Autonomous Region of Madrid; all projects boast the highest environmental standards, such as BREEAM Excellent certification, a pioneer in hotel use at a national level. The second major serviced-apartments platform, with 3,473 units located in Madrid (Alcobendas, Carabanchel, and Vallecas PAU), Barcelona (Sant Cugat), and Bilbao (Barakaldo), will become available between 2024 and 2026, and the company is already raising capital for a third platform. MOMENTUM Arquitectura has designed more square metres of Flex Living projects in Spain than any other firm of architects.
Deepki Ready | Global
- Deepki offers comprehensive solutions for real estate owners and investors to manage ESG performance effectively.
- Their data intelligence platform and environmental consulting team help organizations measure, manage, and enhance asset sustainability, addressing regulatory compliance and climate risks.
- Deepki empowers companies to develop impactful ESG strategies, implement carbon reduction pathways, and safeguard asset value through sustainable practices.
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Deepki’s end-to-end solutions allow visionary real estate owners and investors to take control of their ESG performance. The market-leading data intelligence platform, coupled with an expert team of environmental consultants, enables organizations to stay ahead of the curve by measuring and managing the sustainability of their assets in line with regulations, tackling both physical and financial climate risk, developing impactful ESG strategies and implementing carbon pathways to reach net zero. By directing the flow of capital to support the environmental transition, companies are equipped to protect the value of their assets and create virtuous real estate.
AI-driven Retrofit Recommendation Engine | HQ Berlin
- BuildingMinds integrates ESG metrics with financial KPIs using AI and ML models to optimize decarbonization strategies and provide comprehensive ESG reporting solutions.
- The platform features a Retrofit Recommendation Engine that identifies improvement areas, estimates retrofit costs, and calculates CO2 reductions, leveraging a Random Forest Classification algorithm trained on over 1,000 real retrofit projects.
- Upcoming enhancements include 10-year retrofit ROI estimates, break-even year visualizations, and multiple retrofit scenario comparisons, positioning BuildingMinds as a leader in proptech innovation.
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As a unique proptech platform to directly link ESG with financial KPIs, BuildingMinds product is leading the industry in its innovative application of AI. Leveraging ML and AI-driven models, the platform not only provides transparency and actionable insights but also optimizes decarbonization strategies and offers extensive ESG reporting solutions. A standout feature is our Retrofit Recommendation Engine, which is currently able to identify improvement areas, estimate retrofit costs for individual buildings or entire portfolios as well as calculate retrofit CO2 reductions and stranding year. Trained over 1,000 real retrofit projects, the engine ensures cost-effective and reliable sustainability solutions using a Random Forest Classification algorithm for precise recommendations. BuildingMinds is committed to enhancing the tool with advanced features, such as calculating 10-year retrofit ROI estimates, break-even year visualizations and multiple retrofit scenario comparisons. These industry-leading enhancements will be introduced sequentially, by the end of the year. BuildingMinds' unique proptech capabilities in providing ROI and break-even point estimations will set it apart in the market, solidifying its position as proptech of the year.
Built AI | London, UK
- Built AI, consisting of real estate and data science experts, uses advanced AI to enable real estate firms to underwrite opportunities with unmatched accuracy in minutes, accessing superior data.
- Clients like Knight Frank IM, LondonMetric, Deutsche Finance International, RO Group, and CBRE have tripled deal screenings and reduced underwriting time by 90% with Built AI, which identifies errors in investment documents and interprets complex deal data quickly.
- Built AI enhances data-driven investment decisions by unlocking data from various sources, capturing 6x more market data, and is a strong contender for GRI’s Proptech of the Year Award.
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Built AI is a team of RE PE and data science experts. We have developed advanced AI technology to enable real estate firms to underwrite opportunities with unparalleled accuracy within minutes, while accessing better data. Built AI empowers firms to enhance decision-making, reduce opportunity costs and prioritise strategic initiatives. Global investment managers (e.g. Knight Frank IM), publicly-traded REITs (e.g. LondonMetric), private equity firms (e.g. Deutsche Finance International), family offices (e.g. RO Group) and brokers (e.g. CBRE, Tuatara) have achieved transformative results with Built AI. Our clients now screen up to 3x more deals and have reduced underwriting time by 90%. Alarmingly, 88% of Excel models contain mistakes. Built AI identifies errors in investment documents, ensuring accuracy and mitigating the costly risks of misinformed decisions. Our AI interprets complex deal data from any file type to produce financial analyses in minutes. Our clients automatically underwrite every deal entering their pipeline, preventing missed opportunities. Built AI unlocks the wealth of data scattered across emails, spreadsheets and folders, enabling firms to capture 6x more market data and facilitate better data-driven investment decisions. Built AI is a disruptive, robust product no other service provider can match. Our demonstrated track record of supporting leading institutions makes Built AI a top contestant for GRI’s Proptech of the Year Award.
Praia D'El Rey | Óbidos (Portugal)
- Azora expands its Portuguese hotel portfolio with the acquisition of the 5-star Marriott Praia d’El Rey Hotel, two 18-hole golf courses, and management of rental apartments at Praia d’El Rey.
- This acquisition adds to Azora’s existing portfolio of 6 prestigious hotels in Portugal, including Vilalara, Tivoli Vilamoura, Tivoli Carvoeiro, Tivoli Alvor, The Lodge Hotel, and the upcoming Hotel das Luzes.
- Azora plans to enhance the Hotel and golf courses through additional investments and operational improvements, reflecting its confidence in the Portuguese tourism sector.
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Azora further strenghtens its hotel portfolio in portugal with the acquisition of praia d’el rey hotel 5* & golf resort The transaction includes the acquisition of the 5-star Marriott Praia d’El Rey Hotel, two leading 18-hole golf courses and the management of a large rental pool of apartments in Praia d’El Rey. Purchase complements Azora’s current portfolio of 6 leading hotels in Portugal, including Vilalara, Tivoli Vilamoura, Tivoli Carvoeiro, Tivoli Alvor, The Lodge Hotel and the future opening of Hotel das Luzes, and highlights Azora’s strong conviction for the Portuguese tourism sector. Azora will continue strengthening the positioning and quality of the Hotel and the golf courses with further investments and operational improvements.
Strategic Investment Park - Stalowa Wola | Stalowa Wola, POLAND
- Stalowa Wola, located in southeastern Poland, boasts a robust economic environment anchored by an 86-year legacy of the Central Industrial District, supporting over 6,000 businesses ranging from global corporations to local enterprises.
- The city features a Strategic Investment Park spanning 996 hectares, established to attract investments in key sectors such as energy, electromobility, aviation, and defense. Supported by essential infrastructure providers, the park aims to create optimal conditions for investors, including those interested in gigafactory projects.
- Ongoing infrastructure developments and plans for foreign language education and bilingual communication underscore Stalowa Wola's commitment to attracting global investments and fostering a diverse and vibrant community.
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Stalowa Wola, in southeastern Poland's Podkarpackie Voivodeship, has rich economic potential, stemming from an 86-year tradition of the Central Industrial District. It hosts 6000 businesses, from global corporations to small enterprises, supported by a skilled local workforce. The city’s highlight is the 996-hectares Strategic Investment Park, established by the Act of July 21, 2021, offering Investment opportunities in energy, electromobility, transport, hydrogen technology, aviation, automotive, defense, high-tech electronics, processors, and plastics. The park is supported by PGE Dystrybucja for high-voltage power grids and HSW Wodociągi for essential utilities. Ongoing infrastructure development aims to create ideal conditions for investors, positioning Stalowa Wola as a top investment destination in Poland and globally. The park attracts significant interest, especially from companies planning gigafactories. This development stimulates broader investments in Stalowa Wola, enhancing the city's appeal and diversifying its social structure. The municipality is planning to ensure access to foreign language schools and bilingual communication, making the city attractive to residents and newcomers. The Strategic Investment Park drives Stalowa Wola’s growth, drawing reputable companies with favorable employment conditions.
ChorusLife | BERGAMO
- Smart Urban Redevelopment: ChorusLife transforms a former industrial site near Bergamo into a vibrant, barrier-free district spanning over 70,000 sqm, promoting community and social engagement.
- Comprehensive Amenities: Featuring diverse offerings such as an arena for events, retail shops, a large SPA, food areas, a rooftop restaurant, a 4-star hotel, extensive parking, and green spaces, all designed for social interaction and sustainability.
- Sustainability Leadership: Pursuing LEED for Neighbourhood Development certification and aiming for additional certifications like WELL, WIRED, GRESB, and SFDR, ChorusLife integrates state-of-the-art sustainable solutions and digital innovations to enhance quality of life.
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ChorusLife is the new smart district of Bergamo, designed and built to redevelop an abandoned industrial site close to the center. More than 70,000 sqm, more than 100.000 cubic metres of land cleaned of polluting material to provide a new neighborhood to the citizens. A barrier-free place that celebrates life, where people can build communities and sense of belonging. Fun, entertainment, shopping, wellbeing, sports for a more social and sustainable life: with the first city Arena of Bergamo to host any kind of event up to 6,500 seats; 30 shops in 10.000 sqm of retail choices; a SPA of more than 8,500 sqm in size; a 2,400 sqm food area and a rooftop restaurant with a magnificent view over Bergamo Old Town. Not to mention a 4*S Hotel for business events, 1,000 parking spaces, social squares and green areas for the whole family and 74 apartments with state of the art sustainable solutions. Innovation is the driving force of the district, with a native app that will facilitate interactions between people and all the areas, from the latest generation of home automation to digital systems for real-time management. ChorusLife has always been driven by 11 out of 17 Sustainable Development Goals set in the UN’s 2030 Agenda: one of the first 3 Italian districts, and one of the first 10 in Europe, to be certified for LEED for Neighbourhood Development certification. Also considering the run for obtaining WELL, WIRED, GRESB and SFDR certifications. It will be open by the end of 2024.
Westminster Fire Station | London
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Originally built in 1906, Westminster Fire Station in Victoria has been converted into 19 modern units, blending original architectural features with bespoke fixtures. Some original elements remain, though the fireman’s pole has been removed.
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Units include one, two, and three-bedroom apartments, offering panoramic views of the London skyline and Big Ben. The former fire truck turning circle now serves as a tranquil enclosed courtyard.
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Located in the heart of Victoria, the station provides short to long-term accommodation options with a concierge service available.
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The 1906 building is located in the heart of Victoria. The renovation transformed it into 19 design-led units, including a mix of one, two, and three-bedroom apartments with custom fixtures and fittings to complement its unique architectural features. This original conversion was sympathetic to the building’s heritage, and a selection of original features remain, although the fireman’s pole is no longer in place. A selection of the apartments also boasts panoramic views of the London skyline and Big Ben. The enclosed courtyard, which was once a turning circle for fire trucks and an exercise yard for the firemen, now provides a calm and secluded respite from busy city life. Westminster Fire Station provides accommodation for days, weeks, or months with a concierge service on hand.
YY London | Canary Wharf
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NABERS-rated Workspace: YY London is among the UK's first NABERS-rated workspaces, focusing on productivity, health, and sustainability with smart technology and WELL Platinum amenities.
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Transformative Retrofit: Transformed from Canary Wharf’s original office building, YY London is now Europe’s smartest workplace, achieving BREEAM Outstanding certification and aiming for net zero emissions through innovative retrofitting.
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Sustainable Benchmark: The retrofit reused much of the existing structure, saving 10,260 tonnes of CO2 emissions, and improved energy performance by 62%. Smart technology optimizes energy, water, lighting, and air quality, enhancing occupier productivity and engagement.
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YY London is one of the UK's first NABERS-rated workspaces, prioritising productivity, health, and sustainability. With smart technology, WELL Platinum amenities, and biophilic design, it offers flexible, efficient spaces that enhance well-being and redefine the modern hybrid workplace. The building represents the transformative retrofit of one of Canary Wharf’s first office buildings into one of Europe’s smartest and most sustainable workplaces. Innovatively retrofitted, the 415,000 sq ft all-electric BREEAM Outstanding building aiming for net zero in operation sets a new benchmark for ESG focused workspace. Through the refurbishment, much of the building’s existing structure was reused, saving an estimated 10,260 tonnes of CO2 emissions compared with demolition. YY London’s transformation, including a new glazed façade, has resulted in a 62% overall improvement in energy performance compared to the original building. Smart technology optimises occupier energy use, water use, lighting, heating and air quality reducing CO2 in operation and enables direct occupier engagement with the building’s management system to optimise their working environment, thereby improving productivity and taking the friction out of work. YY London is part of the catalyst driving the wider reimagination of Canary Wharf, providing a sustainable Grade-A building suited to modern occupier requirements that demonstrates how the estate’s older buildings can be sustainably revitalised for the future.
Diuna | Warszawa, Taśmowa 7, Poland
Our revitalisation of this 2008-built, originally well-loved and award-winning but nowadays tired business park was driven by sustainability, tenant well-being, and minimal carbon footprint. The refurbishment produced only 32 kg/m² of embedded carbon compared to the typical 500-1,000 kg/m² in new builds. Overhauling the HVAC and BMS aimed at a 49%-55% reduction in energy consumption and GHG emissions. In 2023, energy consumption decreased by 12%, reducing 827 tonnes of CO2, with expectations to double this in 2024. Despite increased occupancy, operational CO2 emissions decreased. Social integration includes an inviting park, free office space for social/ESG purposes which resulted in a partnership with UNICEF, and improved public transport access and sustainable commuting by co-funding the construction of a new public road incl. bus stops and cycling infrastructure. Healthy living initiatives, educational QR codes, exercise and relaxation zones, and health clinics enhance occupants’ well-being. These efforts increased occupancy from 40% to 75% in 2.5 years with a 100% renewal rate, demonstrating Diuna's proof of concept.
STOREX Cricklewood | 400 Edgware Road, London NW2 6ND
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Sustainable Conversion: STOREX Cricklewood, acquired by EQT Exeter, demonstrates sustainable practices by repurposing a building instead of demolishing it. The facility now serves as self-storage and enterprise space, including affordable units for small businesses, promoting local economic growth and community benefits.
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Environmental Impact: The project focused on maximizing the existing building's structure to reduce carbon emissions. Rigorous engineering analyses and testing of the steel frame, composite deck, and foundation piles ensured they could support new loads without additional strengthening, employing advanced techniques like 3D modeling and in-situ pile testing.
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Community Engagement: By offering flexible rental spaces for various uses such as storage and light industrial activities, STOREX Cricklewood supports local businesses and enhances economic opportunities, contrasting with the previous limited impact of the building's former occupant.
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STOREX Cricklewood exemplifies outstanding social and environmental impact through innovative reconversion and sustainable practices. EQT Exeter acquired a building, which was facing an uncertain future after its original occupant left, rather than opting for demolition and rebuild we chose to repurpose the structure, highlighting our commitment to sustainability. The repurposed facility now serves as a self storage and enterprise development space, including affordable workspace units for small businesses. This transformation provides significant benefits to the local community by offering flexible rental spaces supporting various uses, including storage for goods and equipment and fabrication/light industrial activities. This dual-use model enhances local economic opportunities, contrasting sharply with the limited economic impact of the building's previous occupant. The project's structural engineering strategy focused on maximising the use of the existing building to avoid unnecessary demolition and new construction, which would have resulted in higher carbon emissions. The existing braced steel frame and composite steel deck were rigorously analysed and tested to ensure they could support the new loads without needing strengthening. Techniques included 3D analysis modelling, static load testing with water bags, and innovative in-situ pile testing to confirm the safe working load of the piles.
Project Wave | United Kingdom
In December 2023 Martley Capital Group provided a £32.25m mezzanine loan to refinance a portfolio of five retail warehouse assets owned by Tristan Capital Partners’ European Property Special Opportunities 3 Fund. The loan was secured against five properties in Luton, Glasgow, Sunderland, Cardiff and Newport with a GLA of 897,100 sq ft. The mezzanine loan, made to facilitate the amalgamation of three separate debt facilities into one larger loan, was the first debt deal to be completed by new platform founded by Richard Croft as part of its gap financing strategy identified to provide loans for new acquisitions or where borrowers need to refinance upcoming maturities without investing large amounts of fresh equity. The portfolio, which is let to 45 tenants including Aldi, B&M, B&Q, was originally acquired by EPISO 3 in three separate transactions with three senior loans that were due to mature in October 2023. The properties comprise the Forge Retail Park in Glasgow, the East Retail Park in Newport, the Hylton Riverside in Sunderland, the Hatters Way in Luton and Brooklands Retail Park in Cardiff.
Refinancing of Testa for Blackstone
Companies involved: (If disclosure is allowed): Blackstone, JLL, BofA, SocGen, Santander, AXA, BNP
Key Highlights: -€1.6Bn refinancing of Blackstone’s Spanish for-rent platform, which encompasses over 10,000 assets; financing provided via 17 banks
280 Bishopsgate
Delancey, together with a financial institution, provided £235m in debt funding to CBRE Investment Management, King Street Real Estate and Arax Properties to refinance 280 Bishopsgate, a Grade-A sustainable and wellness-focused office scheme in the City of London, with Delancey acting as Junior Lender for £31.7million mezzanine tranche. The loan will repay an existing facility nearing maturity. In a lending market characterised by significant structural changes, the exceptional level of lender interest underscores the enduring value and resilience of prime office assets like 280 Bishopsgate. The wellness and sustainability-centred property, located in the heart of the City, underwent a comprehensive redevelopment in 2022 and is fully occupied by prestigious tenants such as Baker McKenzie, Abrdn, and Cognizant. The 275,000 sq ft property has also achieved BREEAM Outstanding, International Well Building Institute Platinum, CyclingScore, and WiredScore Platinum certifications. The competitive terms secured for the property, along with numerous offers from leading banks and debt funds, reflect the quality and stability of the asset as well as Delancey’s ability to underwrite and structure a compelling refinancing offer. Delancey continues to have high conviction in Grade A-plus offices in super-prime locations, with blue-chip occupiers continuing to demand best-in-class space, while the drop-off in office development creates a compelling demand-supply dynamics.
Promenada Craiova, Romania | Romania
Promenada Craiova, Romania, NEPI Rockcastle’s flagship development project, a property with a vision of long-term impact based on mindful resource utilisation. The group invested €136 million in the property, the largest shopping centre development by size and investment value opened in CEE in 2023. Promenada delivered a notable "first" when it was opened: the global giant Inditex chose the location for its first Lefties store in the CEE. 140 retailers line the double height mall with soaring glass roofs and atriums. Promenada highlights advanced sustainable practices: integrates renewable energy production over the parking areas of the development, in what is believed to be the largest installations of its kind in Romania. The project attracted 55,000 visitors on the first day of trading, and more than 100,000 on the first weekend. The development, entailed the construction of a new boulevard, improving traffic and accessibility not only for the asset but also for the whole neighbourhood.
Merlata Bloom Milano | Milano
Merlata Bloom Milano is the most important retail project opened in Italy in recent years. The mall is the “beating heart” of the largest regeneration project post-Expo 2015: stands out for its mix of iconic and sustainable architectural solutions, technology and innovation in customer service, a range of retail, food & leisure. Let the numbers speak: - catchment area of 3.600.000 inhabitants - 70,000 sqm GLA - 210 commercial spaces - 8,000 square meters dedicated to leisure with a cinema of the latest generation - 26% of gla dedicated to food & leisure - 30% of brands new in a shopping mall or even for the first time in Italy. - 5,000 square meters of indoor greenery - high degree of energy efficiency conceived at a design level - BREEAM New Construction -Very Good and BREEAM In Use - Excellent The mall has already been visited by over 5 million visitors, also thanks to its connections.
Westfield CNIT Eole | Paris la Défense
Designed in 1958, the CNIT is a mixed-use center (offices, shops, services), an emblematic building of Paris La Défense and an icon of modernist architecture. For the past 20 years, Unibail-Rodamco-Westfield and Cro&Co Architecture have accompanied the transformation of the CNIT, adapting it to changes in its environment while preserving its identity. In May 2024, to coincide with the arrival of the Eole RER station in the CNIT basement, where up to 70,000 visitors a day will pass through, the team created a new shopping mall (45 shops over 9,000 m2) and new connecting spaces. For this restructuring, the team has developed : - A high-quality range of shops and services, with exclusive brands (Toca Social, Aroma-Zone, Yann Couvreur Café...). - An open, warm and luminous environment, incorporating noble materials (bamboo parquet), tempered lighting and natural light down to level -2... - An intuitive user experience, highlighting the building heritage. The spindle lines of the Cnit vault are reproduced on the floors and ceilings of the lower level, to anchor the space in its context and guide visitors naturally. - An exemplary environmental approach, with natural thermal regulation of the space without heating or air-conditioning. (BREEAM Excellent certification). - A positive contribution to the region and its economy, with the creation of over 300 jobs.
Autism Commitment (Compromiso Autismo) | Spain
The Gmp Foundation was created in 2008 to improve the life of people with disabilities, including Autism Spectrum Disorder (ASD). In Spain, almost 1 million students with special needs receive educational support, being those with ASD the largest group (29.7%). However, many education professionals lack adequate training. For this, a specialised training called "Autism Commitment" was launched by Gmp with the Autismo Madrid Federation and the AUCAVI Foundation. Gmp finances all the costs, provided that the schools commit all their staff to take the training. The program ends with a “cognitive accessibility” plan and a good practices accreditation for the schools. Currently, 8 schools in Madrid are accredited and more than 800 professionals have been trained. The program will expand to the Region of Murcia and potentially nationwide. An online course was also created in collaboration with "Autismo España," which was taken by 15,791 professionals in 2023. Additionally, the Gmp Foundation develops initiatives to raise public awareness about autism, highlighting the skills of people with ASD such as in the project “Gmp from My Eyes,” which promotes the artistic talents of José Martínez, a person with ASD and sensory impairment. For further information, please see: https://www.youtube.com/watch?v=sSPRGEGTPAw and www.fundaciongmp.org.
Shortening the distance between people and opportunities - 3.5 million donation over 78,845 people impacted
Diuna
- Public Park and Accessibility: We created a 6,000 sqm park and made it accessible to the public.
- New Public Road: We are co-funding a new public road, significantly improving the micro location.
- Cycling and Connectivity: We integrated Diuna with the public infrastructure, promoting sustainable commuting.
- UNICEF Partnership: We partnered with UNICEF, providing them with rent-free spaces for staff training.
- Inclusivity Certification: Significant CAPEX was allocated to ensure the asset’s inclusivity.
- Free Conference Facilities: The centre is available free of charge for ESG initiatives, fostering community engagement and awareness. It doubles as an exercise area, offering free yoga sessions for our workers.
- Healthy Wellbeing Scheme: A wellbeing scheme encourages tenants to prioritize their health and make mindful lifestyle choices through QR codes in common areas.
- Wellness Retail: We signed multifunctional, mental health, and veterinary clinics, providing a comprehensive wellness services are available to the surrounding community.
European platform | Europe
- Stoneweg's Acquisition of Cromwell's Platform: Stoneweg has entered a binding agreement to acquire Cromwell Property Group's European fund management platform. The acquisition includes co-investments totaling €3.9 billion in real estate assets under management. Total consideration for the acquisition is €280 million, pending regulatory approvals and closing adjustments.
Stoneweg has entered into a binding agreement with Cromwell Property Group (Cromwell) to acquire Cromwell’s European fund management platform and associated co-investments, which totals €3.9b of real estate assets under management, for a total consideration of €280m, subject to closing adjustments and regulatory approvals.
Studio B in Warsaw sold to Stena Real Estate AB for EUR 86 million | Warsaw, Poland
- Skanska sold the Studio B office building in Warsaw to Stena Real Estate AB for EUR 86 million in May 2024.
- Despite market challenges like capital freezes, the transaction underscores robust demand for sustainable, high-quality real estate in prime urban locations.
- Studio B, located in Warsaw's Wola district, exemplifies modern design and sustainability, meeting stringent ESG criteria with 17,600 sqm of innovative workspace fully leased to tenants such as Societe Generale Group and C.H. Robinson.
Buyer: Stena Real Estate AB
Transaction Value: EUR 86 million
Location and Property: Studio B in Warsaw's Wola district, part of a larger office complex.
Tenant Profile: Fully leased to notable tenants including Societe Generale Group, C.H. Robinson, and Unum Życie.
Strategic Focus: Reflects Skanska's commitment to delivering sustainable, user-friendly office spaces that align with modern urban demands and ESG principles.
Partnership Impact: Marks the third transaction between Skanska and Stena Real Estate AB in Central and Eastern Europe, showcasing a successful collaboration driven by shared values and ESG commitment.
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In May 2024, Skanska successfully sold the Studio B office building in Warsaw, Poland, to Stena Real Estate AB for EUR 86 million. This transaction is particularly notable as it occurred despite the broader market context of capital freezes and significantly reduced investor activity. It highlights the unwavering demand for high-quality, sustainable real estate in prime urban locations. Studio B, located in the rapidly developing Wola district, exemplifies forward-thinking design and construction principles, having been built to meet ESG criteria. It is part of a larger office complex, delivering 17,600 sqm of innovative and sustainable workspace. The building was fully leased before completion, attracting tenants like Societe Generale Group, C.H. Robinson, Unum Życie (an insurance company). The sale of Studio B is a testament to Skanska's leadership in delivering future-focused, high-quality developments that meet the evolving needs of modern urban environments. This transaction, the third one between Skanska and Stena Real Estate AB in Central and Eastern Europe and a fourth Skanska building acquired by them, reflects a successful partnership based on shared values and a strong commitment to ESG principles. This transaction not only underscores the dynamic and attractive investment market in Warsaw but also showcases how Skanska's strategic approach to creating user-friendly, functional, and sustainable projects meets the high demands of tenants and investors alike.
BREDS’ acquisition of a $1.0 billion performing senior mortgage loan portfolio from Deutsche Pfandbriefbank (“pbb”)
German lender, pbb, on an all-cash basis.
- The portfolio of senior mortgage loans was originated by pbb and comprises 11 loans securedagainst multifamily, office, and hospitality assets in the U.K. and U.S.
- The transaction highlights BREDS’ unique ability to serve as a capital solutions provider to keyrelationship banks as they proactively manage their balance sheets. BREDS was able to leverage experience closing scaled transactions with a wide variety of structures and managed capital to offer a one-stop solution.
- BREDS has the unique advantage of sitting within the broader $586B Blackstone real estate business.
- As thematic lenders with a $14B loan book in Europe and $29B in the US (includes BXMT), BREDS is focused on originating new loans, while also providing comprehensive financing solutions across the capital structure and risk spectrum.
- This transaction follows BREDS’ and BREIT’s recent investment into a JV holding a 20% equity stake in a venture holding a ~$17B Signature Bank senior mortgage portfolio from the FDIC.
How does the GRI Awards Europe 2024 work?
Debt and equity investors, developers, operators, banks, funds, financiers, construction companies, and entities operating in the European real estate sector.
Nominations will be accepted by 14th June to participate. It can be made by the general public for either their own or third-party projects. There is no cost to submit a project, company or transaction.
No, the projects don't need to be fully concluded. If at least one of the phases of your project (it doesn't matter if phase 1 or conclusion) was delivered or is expected to be delivered from June 2023 to December 2024, you are eligible to submit.
No, for this edition all the projects or transactions must be delivered (or expected to be delivered) from 1st June 2023 to 31st December 2024.
No. There is no cost to submit a project, company or transaction.
GRI Club will evaluate each nomination and select up to 10 (ten) projects in each category to proceed to the next stage. The chosen projects will be announced on the official awards channels.
Through open online voting by the public and club members, 3 (three) finalists will be selected for each category. This Top 3 will be announced on the official awards channels.
The overall winners of each category will be announced on the day of the awards ceremony, at an exclusive cocktail reserved for GRI Club members and Europe GRI participants.
Awards steps
& Opening of Final Voting
& Opening of Final Voting
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