How is the Green Building Sector evolving in Romania and Bulgaria?

How is the green building sector evolving in Romania? What are the opportunities for foreign players in the?Romanian constructions market?

For more details consult the FRD Center analysis at the link https://market-entry-romania.blogspot.com/2024/06/how-is-green-building-sector-evolving.html

There is increasing interest of the major players in sustainable building and construction. In recent years, Romanian building sector has achieved the highest levels of certification in both the BREEAM and LEED green building rating systems.

Are you looking for opportunities in the Romanian Building Sector? Contact the FRD Center team at email: [email protected]

According to sector experts, environmentally-friendly constructions are no longer optional, but are gradually becoming an essential requirement for modern residential developments in Romania. The demand for green construction, which focuses on reducing the carbon footprint of buildings and minimising their impact on natural resources, has seen an ascending trend.

According to the RoGBC specialists, there are around 300 certified green buildings in Romania, of which 32% are residential properties. Of this total, 93% are Green Homes certified.?

For more details about the FRD Center analysis on the opportunities in the Romanian building sector, consult the link:?https://www.frdcenter.ro/opportunities-in-the-romanian-building-sector/

According to market players, the construction sector in Romania maintained a growing trend throughout 2023, being significantly encouraged by projects financed by initiatives such as the National Recovery and Resilience Plan (PNRR) and the National Rural Development Program (PNDR), along with other similar programs. According to forecasts, this advance will be maintained in the next period.

As for 2024, the market players observe an upward and sustained trend regarding investments and the development of important projects in the built environment. Therefore, it is expected that the development of the Romanian construction market to continue.

Do you need professional support with customised market opportunity assessment and market research in Romania, Bulgaria and other markets in Emerging Europe? Contact FRD Center at email: [email protected]

How is the green building sector evolving in Bulgaria? What are the opportunities for foreign players in the Bulgarian constructions market?

For more details consult the FRD Center analysis at the link https://market-entry-romania.blogspot.com/2024/06/how-is-green-building-sector-evolving.html

In Bulgaria also, the demand for sustainable and ecologically-focused projects has increased recently. Architects, investors as well as building owners in Bulgaria are increasingly focusing on green buildings. The environmental impact of Bulgarian traditional construction practices has triggered a strong push towards more energy-efficient and environmentally friendly designs.

Are you looking for opportunities in the Bulgarian Building Sector? Contact the?FRD Center team at email: [email protected]

The EU aims for an economy with zero net greenhouse gas emissions by 2050, according to the Green Deal. It includes the energy efficiency of buildings as an important aspect, given that the buildings sector is responsible for approximately 40% of the EU's energy consumption. It is possible that 2050 is a realistic time horizon for all buildings in Romania to become energy efficient, but this will require sustained efforts. There will be a need for an accelerated transition towards buildings with almost zero energy consumption (NZEB) and a significant improvement in the renovation rate of existing buildings. In addition, public education and awareness initiatives, as well as financial incentives, will be needed to encourage homeowners to improve their energy efficiency.?

BREEAM is the most important validation and certification system, recognized internationally, which evaluates the impact of buildings on the environment. BREEAM represents a standard for sustainable design and execution, and BREEAM certification represents a guarantee that a building complies with the principles of sustainable development.

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With a growing focus on sustainable design, green development and architecture, Romania is determined to continue creating environmentally-friendly buildings. The demand for eco-friendly structures and energy-efficient, NZEB is on the rise, and developers are stepping up to meet this need. It has been noticed that the future of green buildings in Romania looks promising, with more projects set to make their mark in the country’s sustainable landscape.

For example, the FRD Center became aware that Forte Partners recently announced obtaining of LEED v4 Platinum certification for its U?Center 2. The certification process is part of the fundamental sustainability concept of the U?Center project and was coordinated by BuildGreen, one of the main sustainability consulting companies in Central Europe and East.

Globalworth Tower Center International, one of the symbol office buildings in Bucharest, where 2,000 employees work, recently obtained the LEED certification offered by the US Green Building Council.?

This award recognizes the implementation of measures to create a healthy work space, for energy and cost efficiency.

Globalworth Tower Center International, located in the Bucharest Central Business Center area became operational in 2012 and it is the fourth tallest office building in Romania's capital. The building has an area of 22,500 square meters, with 100% rental coverage.

LEED is a green building evaluation system providing the framework for the development of green, efficient and cost-effective buildings.?

The certification obtained by Globalworth Tower Center International located in Bucharest, the capital of Romania, attests to the fact that the project offers efficient, comfortable and sustainable spaces that save energy, water and resources, generate less waste and support the well-being of the occupants. This reduces operational costs, increases productivity and contributes to employee retention.?

Do you need professional support with customised market opportunity assessment and market research in Romania, Bulgaria and other markets in Emerging Europe? Contact FRD Center at email: [email protected]

Currently, in Romania, there are 15 office buildings with BREEAM Outstanding New Construction certification, with Silk District being the only BREEAM Outstanding certified project in Iasi (NE Romania).?

Phase 1 Office Silk District has an area of over 20,000 square meters. Prime Kapital, one of the most important real estate investors, developers and operators in Romania, obtained the international BREEAM Outstanding New Construction certification, the highest rating for environmental performance and sustainability in the industry, for the first phase of the office component in the Silk District, an impressive urban regeneration project that transforms an old industrial platform into a modern neighborhood in Iasi.

Are you looking to take advantage of the market expansion opportunities in the Romanian and the Bulgarian Building Sector?

Consult this link for more details: https://www.frdcenter.ro/emerging-europe-market-and-ma-opportunities/

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VGP, the European supplier of logistics spaces and high-quality semi-industrial real estate, marks a new stage in the development of VGP Park Timisoara by expanding the logistics park. The new building is equipped with state-of-the-art facilities, including an air-to-air heat pump system, and will be BREEAM Excellent certified.?

Do you need professional support with customised market opportunity assessment and market research in Romania, Bulgaria and other markets in Emerging Europe? Contact FRD Center at email: [email protected]

Some of the companies in Romania operating in the sustainable building are: VILAECO GREEN BUILDING is specialised in design of green and sustainable buildings, with a focus on energy efficiency

BUILDGREEN ROMANIA - provides consulting services for the certification of buildings from the point of view of sustainability, according to the LEED - USA and BREEAM - Great Britain accreditation systems.

GREEN BUSINESS SRL is specialized in the implementation of urban mobility, medical and educational infrastructure projects. With more than 15 years of experience as a project integrator, Green Business is the largest developer of electric bus transport projects in Romania.

In Romania, operates the RoGBC - the Romanian Green Building Council, an organization that is actively involved in promoting energy and environmental performance in the construction sector. Some of its initiatives include: the Green Homes certification program, the encouragement of green financing solutions offered by partner banks (Raiffeisen Bank, Alpha Bank, Garanti Bank, BCR, Libra Bank, Vista Bank, Banca Transilvania, Procredit Bank, BRD and ING). RoGBC, which includes approximately 100 companies, successfully coordinated the "SMARTER finance for families" initiative and is currently the coordinator of the European project "LIFE SMARTER finance for EU", which will be completed in June 2025.?

The similar organisation in Bulgaria is The Bulgarian Green Building Council (BGBC) which has played a crucial role in promoting sustainable development in the country.? Similarly as their Romanian counterpart, they have been generating collaborative efforts to drive sustainable architecture and construction practices into Bulgaria. Through partnerships with local and international organizations, the BGBC aims to create a more environmentally conscious and resilient built environment for present and future generations.

The Bulgarian Green Building Council (BGBC) is a non-profit organization with a mission to transform the built environment by changing the way buildings and communities are designed, built and operated. A member of the?World Green Building Council, a world-wide network of organizations,? working together to build awareness in the public sector, build capacity through professional education, engage business to measure sustainability in the supply chain and product manufacturing, and aid government in developing sustainable policies.

One of their programs is "Adapted Senior Training Program on BIM Methodologies for the integration of EPD in Sustainable Construction Strategies".?

Are you looking to take advantage of the market expansion opportunities in Romania and Bulgaria??

Contact the?FRD Center team?at email:[email protected]

Notable examples of Bulgaria’s top green buildings include the BREEAM-certified Capital Fort business centre, which incorporates sustainable design principles, energy-efficient systems, and renewable energy sources. LIDL Mladost Sofia stands out as Bulgaria’s first BREEAM Outstanding retail building, setting high standards for sustainable retail spaces. The Serdika Shopping Center, certified DGNB Platinum, demonstrates exceptional environmental performance.

Bulgaria boasts several impressive green buildings, showcasing the country’s commitment to sustainable design and construction. These buildings have obtained various certifications that highlight their environmental-friendly features and energy efficiency. For more details consult the article: https://constructive-voices.com/bulgaria-top-green-buildings/

One of the players in green building assessment in Bulgaria is MOMERIN - the leading BREEAM assessor company in Bulgaria and the region withmore than 708 507 sq.m. of Certified BREEAM Buildings and ongoing new 29 ha in 33 registrations practically in every type of buildings!

Do you need professional support with customised market opportunity assessment and market research in Romania, Bulgaria and other markets in Emerging Europe? Contact FRD Center at email: [email protected]

The DEMO report “Building Sector in Romania – 2023” published by FRD Center has the following SUMMARY:

1. Romanian Building Sector market size
2. Estimations
3. Current developments
4. Expected evolution
5. Examples of Major Projects
6. Infrastructure
7. Defense, Commercial, Industrial, Logistic, Residential
8. Romanian Players analysis

• land and tunneling contractors
• electrical installations contractors
• civil and industrial building contractors
• water, gas, plumbing, HVAC contractors

For more details, feel free to consult the link: https://market-entry-romania.blogspot.com/2023/11/are-you-looking-for-opportunities-in.html

For the free download of the FRD Center report “Building Sector in Romania – 2023” go to the link: https://www.frdcenter.ro/wp-content/uploads/2023/11/Building-Sector-in-Romania.pdf

Are you looking to take advantage of the market expansion opportunities in Romania and Bulgaria??

Contact the?FRD Center team?at email:[email protected]