On November 17, 2021, Revetas announced that it was shifting its entire portfolio of assets in Romania to renewable energy.
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%).”