BREEAM Excellent Certification for Luxuria Domenii Residence Project
27 August 2020 • Real estate
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Business review Mihai Cristea 27/08/2020 | The new efficiency standard in Real Estate: BREEAM Excellent Certification for Luxuria Domenii Residence Project
2020 is about change, improvement and solutions for a better quality of life. The preoccupation for green solution is a must and certifications on sustainability and energy efficiency are a strong asset in real estate nowadays. In Bucharest, there is only one residential project registered to receive the BREEAM Excellent Certification, offering an impressive amount of advantages: Luxuria Domenii Residence, project of Impact Developer & Contractor.
Alignment to international standards
Bucharest is a city in continuous development, with focus on Smart City projects and green solutions that will improve the lives of citizens. The responsibility for making notable changes lies with the authorities, who must implement solutions for a green infrastructure, but also with real estate developers, who must build sustainably and with a future perspective.
In the capital, green spaces occupy only 7.5% of the city’s surface, 39% of the areas with vegetation being in District 1, including Băneasa Forest. According to Vital Signs statistics, the green space index is 9.86 sqm / inhabitant, 12 times lower than in Vienna (120 sqm / inhabitant), which means that projects including large areas of green spaces are a must.
The housing and development environment are essential for the lives of citizens and in the current context, where people are more interested than ever in the quality of life, alignment with international housing standards is a topic of utmost interest.
Experienced real estate developers know the importance of building in accordance with the requirements of the future and have chosen to invest in sustainable projects, friendly to both the environment and residents, in terms of a higher standard of living and low maintenance costs.
Green buildings are beginning to be part of the urban landscape, shaping the reality of the future and BREEAM Certification is the most important method of assessing global sustainability for design, infrastructure and buildings, which recognizes and reflects the value of higher performing assets in the life cycle of the built environment, from new construction to use and refurbishment.
The certification is a process performed by a third party, specialists in assessing the environmental, social and economic sustainability performance of an asset, using the standards developed by the international authority BRE Group.
Sustainability, investment decision factor
A study by Cushman & Wakefield claims that 93% of respondents consider sustainability a valuable and relevant differentiator. Therefore, BREEAM Certification increases the attractiveness of the building and facilitates its trading. At international level, the sustainability of a residential compound is among the essential criteria for choosing a home, offering greater confidence in the project, a better estimate of its long-term value, and a better investment rate. In the next years, the citizens will prefer the new quality standards and they will prioritize this aspect in their decisions.
Residential Projects with BREEAM Excellent Certification in Bucharest
29 Years on the real estate market demonstrate the power to adapt to the globalization context and the continuous improvement of the business. Impact Developer & Contract is a joint stock company which aligns to international business and corporate social responsibility standards.
For Impact, sustainability is a priority in project development and the flagship projects are real proofs. Taking care of the 3 P’s of sustainability that have a strong impact over the business is a regular practice, since the planet, the people and the profit are essential assets for Impact.
According to Build Green, the leader of the local consulting market in the field of design, development and certification of sustainable constructions, at this moment, in Bucharest, only one residential project ticks the BREEAM criteria, with the Excellent rating: Luxuria Domenii Residence.
Designed to fit the energy class A and green buildings category, Luxuria is the first premium project of the developer Impact and also the first up-scale residential development that received this certification.
