Latest news with #BREEAM
Yahoo
a day ago
- Business
- Yahoo
Skanska invests $76.59m in Czech Republic's new residential project
Project development and construction company Skanska has announced a Kč 1.6bn ($76.59m) investment in a new residential project in the Czech Republic. The construction, part of the D.O.K. Radlice project, valued at Kč 1.0bn, is set to be recorded in the company's European order intakes for the second quarter of 2025. This project in Prague's Radlice district will consist of 177 low-energy apartments across three residential buildings, with one becoming the largest wooden residential building in the Czech Republic. Located near natural monuments and green spaces, the development aims to foster a quiet living environment, complete with a courtyard and playground. The single-phase project's design prioritises sustainability, incorporating green infrastructure to achieve a substantially lower carbon footprint. A preliminary analysis suggests that the wooden structure could halve the volume of concrete typically required and reduce carbon dioxide emissions by up to one-third compared to traditional building methods. The buildings aim to achieve a high rating within the Building Research Establishment Environmental Assessment Method (BREEAM) international sustainability certification. Construction is expected to be completed in 2027. Skanska, with a workforce of approximately 26,500, operates in select markets in the Nordics, Europe, and the US. Last month, the company won a significant contract in the US, valued at $250m, to construct a new parking garage and carry out enhancements at Logan Airport's Terminal E in Boston. This project is part of the Massachusetts Port Authority's Terminal E Renovation and Expansion Program. Additionally, Skanska was awarded a Nkr360m contract by the Gjesdal Municipality in Norway for the construction of the Gjesdal Health Center in Rogaland County. "Skanska invests $76.59m in Czech Republic's new residential project" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
2 days ago
- Business
- Yahoo
Baltic Horizon Fund publishes its ESG report for 2024
Baltic Horizon Fund today announces the release of its annual ESG report for the year of 2024. Baltic Horizon introduced its ESG strategy in 2019, and has since allocated consideable efforts on promoting environmental, social, and governance practices across its asset portfolio and in the investment strategies and decision-making processes. The past years, Baltic Horizon Fund has operated in a very demanding environment. In 2024, the Fund Management's attention has been concentrated on maximizing the potential of its portfolio and each asset to build a solid foundation for the future. In the area of ESG, our efforts have been focused on improving the ESG data quality and embracing green energy sources, in alignment with the growing tenant demand for sustainable and environmentally friendly spaces,' commented Tarmo Karotam, Fund Manager for Baltic Horizon Fund. Baltic Horizon Fund's ESG performance highlights in 2024 During 2024, Baltic Horizon Fund maintained a 100% portfolio BREEAM certification. The office building Meraki received its BREEAM New Construction certificate in October with the grade Excellent. This certification improves and replaces the design state certificate which had the Very good rating. The Fund uses green leases to align and formalize sustainability commitments with the tenants and has set a goal to achieve 100 % of green lease coverage. In 2024, the Fund increased the share of green leases, reaching 98 % coverage by the end of the year. The Fund has analyzed its investments in accordance with the EU Taxonomy. In 2024, 23% of the Fund's real estate investments satisfied the EU taxonomy substantial contribution criteria. This is a significant improvement from 2023 where the taxonomy alignment was 14% . During 2024, 86% of the Fund's properties electricity was renewable. 2 out of 12 assets had on-site solar panels. 10 out of the 12 assets used renewable electricity. To increase the renewable electricity in the portfolio, the Fund has signed private power purchase agreements (PPA) to purchase solar and/or wind power directly from the energy parks. Two of the PPAs became effective in 2024 and more PPAs will enter into force in 2025. During 2024, the Fund once again participated in the Global Real Estate Benchmark (GRESB). The Fund received a 3-star GRESB rating in 2024, and has thoroughly analyzed the assessment results and developed an action plan to achieve a 4-star GRESB rating in 2025. The full ESG report 2024 is attached and is also available on the Fund's website: The Estonian translation of the report is available on the Fund's website: For additional information, please contact: Tarmo Karotam Baltic Horizon Fund manager E-mail The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on You can also follow Baltic Horizon Fund on and on LinkedIn, Facebook, X and YouTube. Attachment Baltic Horizon ESG report 2024Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Business
- Yahoo
First Radisson RED hotel in London set to open in 2029
Radisson Hotel Group has entered a partnership with PPHE Hotel Group to launch the first Radisson RED hotel in central London, UK. According to Radisson, the new hotel is expected to open its doors in 2029, bringing a "cutting-edge upscale design" to the hotel sector. The hotel will be situated near the City of London's financial district and within walking distance of Liverpool Street Station. PPHE has agreed to acquire a mixed-use development site for the project, which includes plans for at least 182 bedrooms, a restaurant, a bar, a gym, and office space. The transaction is anticipated to close in the coming months. PPHE Hotel Group co-CEO Greg Hegarty said: 'This site will be a great addition to our development pipeline as we continue to extend our portfolio and presence in the London market. "It is an exciting project which leverages our 'Buy, Build, Operate' business model and expertise, as well as our multi-brand and multi-market segment strategy. We look forward to bringing Radisson RED to central London, following our recent Radisson RED openings in Berlin and Belgrade.' The development site currently houses two old office buildings that are set to be demolished to make way for the new hotel. The design of the Radisson RED hotel will focus on sustainability, aiming for a BREEAM 'Excellent' environmental accreditation. This commitment to eco-friendly practices is expected to enhance the hotel's appeal to environmentally conscious travellers and stakeholders in the hotel sector. Radisson Hotel Group executive vice-president and global chief development officer Elie Younes said: "Over 65% of our owners have more than one hotel with us, due to the relevance of our brands, our approach, and results. This marks our first Radisson RED in central London and reflects our commitment to growing our lifestyle portfolio in key global cities. "We value our long-standing partnership with PPHE Hotel Group and are grateful for their continued trust in our brands and people." "First Radisson RED hotel in London set to open in 2029" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
Veidekke secures contract for environmentally certified building in Norway
Norwegian contractor Veidekke has obtained a contract, valued at approximately Nkr2.3bn ($227.3m) excluding VAT, from Kongsberg Defence & Aerospace (KONGSBERG), a local supplier of defence and aerospace-related systems. The turnkey contract comprises the construction of an environmentally certified building for KONGSBERG. The Utsikten building, located in Kongsberg Technology Park, will span 65,000m² across eight floors and offer around 2,300 workplaces. It is designed to be a hub for technology, innovation, administration, and IT. The project, which has been in development since November 2024, is stated to be a collaborative effort between KONGSBERG, Veidekke, architects, and subcontractors, along with other consultants. Veidekke group CEO Jimmy Bengtsson said: 'This is a huge and important project for a lot of people, locally, nationally and internationally, and it is important for us at Veidekke. We are therefore very proud of the good partnership we have had during the development phase where we have arrived at the functions, solutions and qualities that now allow us to enter into a contract. "We want to thank KONGSBERG for the confidence shown in us and are looking forward to extending the good partnership into the construction phase.' Focusing on the creation of a future-oriented and sustainable building, the development will aim to be certified according to the Building Research Establishment Environmental Assessment Method (BREEAM) Excellent standard and compliant with EU taxonomy and energy class A. Energy-efficient technical systems and sustainable energy solutions are expected to significantly reduce greenhouse gas emissions during both the construction and operational phases. The completion of the building is expected in the first half (H1) of 2028. In addition, Veidekke's unit Veidekke Logistikkbygg received a contract from Oslo Airport City for the construction of an environmentally certified logistics facility, which will be leased to Oslo Fryselager. This turnkey contract is valued at around Nkr125m excluding VAT. The 8,900m² facility is designed to meet Oslo Fryselager's operational needs while providing higher storage capacity. The warehouse will feature automation, prospects for future expansion, and will be certified according to BREEAM-NOR Good. Construction is set to commence this September, with an expected completion in the third quarter (Q3) of 2026. Both the contracts will be registered in Veidekke's order reserve for Q2 2025. Recently, Veidekke was awarded a design-and-build contract by Statnett for the construction of three new substations in Vestland, Norway. "Veidekke secures contract for environmentally certified building in Norway" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
17-06-2025
- Business
- Cision Canada
Club Med, Station Mont Tremblant, and Brivia Group are in discussions to develop a Club Med resort on the Versant Soleil side of Tremblant Français
MONTREAL , June 17, 2025 /CNW/ - Club Med, the leader in premium all-inclusive vacations for 75 years, Station Mont Tremblant, and Brivia Group have been engaged in strategic discussions to explore the creation of an ambitious resort project in the Tremblant area in Quebec. This resort project, which would aim for eco-friendly certification and offer around 300 high-end rooms, is planned to be located on the Versant Soleil side, on part of the L'Hymne-des-Trembles site. The overall development project is spearheaded by Brivia Group, a renowned real estate developer known for landmark projects that blend contemporary elegance, architectural excellence, and refined design. Club Med will lead the development of the hospitality side of this integrated project, allowing Brivia to focus on delivering the residential phases of L'Hymne-des-Trembles while ensuring a strong and seamless integration between the residential and tourism elements of the site. Tremblant offers many advantages for hosting a project of this scale: an internationally recognized four-season destination that aligns perfectly with Club Med's clientele, providing a wide array of activities suited for families and active couples. This development is expected to become a significant driver of regional economic growth, projected to create nearly 300 direct jobs and at least as many indirect jobs. Approximately half of the employees will be housed on-site within the resort. The Club Med project would also promote local stakeholder engagement through partnerships related to excursion activities, services, and sourcing local products, while ensuring smooth corporate and community integration for Club Med staff within the local area. From the beginning, the parties have prioritized close collaboration with the city of Mont-Tremblant, demonstrating a clear commitment to ensures the project's harmonious integration into its natural, social, and cultural environment. Early discussions between the parties highlighted the common ambitions of the City and Club Med around sustainable tourism. For the Mont-Tremblant project, Club Med is targeting BREEAM certification at the "Very Good" level - an internationally recognized environmental building standard, as well as Green Globe certification for sustainable operations. These certifications reflect Club Med's strong commitment to environmental performance and long-term sustainability. The project's progress depends on several key steps, including securing financing - interest has already been expressed by several investors and banks - and obtaining the necessary building permits. If these steps are completed, construction could begin in summer 2026 with an anticipated opening in December 2028. Building on the strong success of Club Med Québec Charlevoix - Canada's first allinclusive resort, opened in 2021 and having welcomed over 130,000 guests in four years with an average occupancy rate of 75%, Club Med is enthusiastic about expanding its presence in Quebec and more widely Canada. This major project would stand as a new flagship for Club Med and a key driver of MontTremblant's economic and tourism growth, attracting visitors from Quebec, Ontario, and internationally who seek high-quality all-inclusive mountain experience. A public information session will be announced shortly to present detailed project plans and address questions. About Club Med Founded in 1950 by Gérard Blitz, who was later joined by French businessman, Gilbert Trigano, Club Med pioneered the all-inclusive concept and childcare with the creation of the Mini Club in 1967. With more than 75 years of rich history, Club Med operates nearly 70 premium beach and mountain resorts in 40 countries across 5 continents with new openings and renovations planned every year, offering even more hidden treasures to worldwide travelers. Thanks to the support of its shareholder, Fosun Tourism Group, and the success of its repositioning strategy, today Club Med is not only the world leader in premium, all-inclusive vacations, but also a global brand offering unique experiences to active families and couples worldwide. Club Med employs nearly 28,000 Gentle Organizers ( and Gentle Employees ( representing 110 nationalities. For more information, visit the website Follow us on social media Facebook, Instagram and YouTube. About Tremblant Tremblant is a top year-round destination that offers an exciting and unforgettable experience, from the mountain summit to the charming pedestrian village at its base. In summer, the area comes alive with outdoor activities and lively events, including the new BLOOMAFEST, the famous 24H Tremblant event, and the Tremblant International Blues Festival, which earned a TripAdvisor Travellers' Choice Certificate of Excellence in 2020. With its lively atmosphere and outstanding program, Tremblant has secured its place among the top 5 ski destinations in Canada, according to the 2021 Condé Nast Traveler Reader's Choice Awards — an honor that shines throughout the year. Whether visiting with family, as a couple, with friends, or in a group, Tremblant welcomes guests to 1,900 accommodation units across 13 hotels, close to 70 restaurants, shops, and a casino set in nature. About Brivia Group Brivia Group is an investment and real estate company with a growing portfolio of major projects in the Montreal metropolitan area, Greater Toronto, Vancouver, Quebec City, and other parts of Quebec region. Founded in 2000, Brivia Group has the expertise, track record, and business networks needed to complete bold projects such as 1 Square Phillips, Mansfield, YUL, QuinzeCent, and LB9, meeting the expectations of its diverse clients.
