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    Penta Real Estate and PSN Announce Project to Replace Former Transgas Building in Prague

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    One United Properties Announces the Handover of One Cotroceni Park Phase I

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Home Countries Romania

Revetas Converts Romanian Portfolio to Renewable Energy

Irina Negoita by Irina Negoita
November 29, 2021
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Revetas Converts Romanian Portfolio to Renewable Energy
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On November 17, 2021, Revetas announced that it was shifting its entire portfolio of assets in Romania to renewable energy.

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The Revetas portfolio in Romania includes the Project Nemo hotel complex (which includes the Radisson Blu and Park Inn) and The Landmark prime office building, all located in central Bucharest, as well as Vitantis Shopping Center located in Bucharest’s District 4.

“As part of Revetas’ strategy towards carbon neutrality across our business over the coming period, we are pleased to announce our entire portfolio in Romania is now exclusively using green energy, originating from wind, hydroelectric, and solar power plants,” elaborated Revetas Founding Partner Eric Assimakopoulos. Radisson Blu becomes the first hotel in Romania to implement such an initiative, using 100% renewable energy, sourced from wind power plants (73%), and hydroelectric power plants (27%).”

Tags: Revetas
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Irina Negoita

Irina Negoita

Irina is an international business journalist with ten years of experience across several geographies, and writing for renowned publications including IHS, UBM, or S&P Platts, among others. She holds a BA in International Affairs and Communications from Vesalius College in Brussels, and an MSc in Crime Science from UCL in London.

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CEE Real Estate Matters

CEE Real Estate Matters is an online and eZine format publication dedicated to the fast-moving real estate markets in Central and Eastern Europe. Our diligent team of journalists works tirelessly to bring about news and analysis in five key areas: residential, office, retail, logistics and proptech. We guide real estate professionals through the complexities of these sectors, from stand-out development projects and deals, to financing, legislation and big executive moves.


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