“We’re seeking solutions on the green energy segment as well. Our buildings are quite old, but in the future photovoltaic panels will be surely installed. In 2-2.5 years I believe we’ll already see such projects”, said Geanina Ungureanu, senior asset & leasing manager with Immofinanz Romania.

Developers inclusively mull building photovoltaic components to produce electricity.

Adrian Urda, CEO of Cometex, the real estate arm of Altex group, says the company has 5 projects that already have photovoltaic panels and next year wants to cover the entire retail portfolio with panels.

“Energy prices have tripled from last year. It’s a huge impact, not just for us, but for the entire economy. Rising utilities prices and rents will go toward the final consumer. They will be reflected in inflation. The increase has been very abrupt and cannot be offset by any green project right now”, said Marius Barbu, asset manager with NEPI Rockcastle.

Nonetheless, NEPI Rockcastle is taking its expansion plans further.

(English version by Catalina Apostoiu)