Looking to increase the value of your buildings? Bet on renewable resources
Our colleague Tomáš Novotný explains in a text for Wealth Magazín why it is worth betting on renewable energy sources when developing and acquiring industrial real estate. “Installing renewables can dramatically increase the market value of your property. The increased interest of tenants in ESG-compliant energy-efficient buildings has already been discussed, but there are other aspects that increase their value. One of them is, for example, gaining prestigious energy efficiency certifications with good results,” says Tomas in the text. Read the full article below:https://wmag.cz/chcete-zvysit-hodnotu-sve-budovy-vsadte-na-obnovitelne-zdroje/
Heat pumps in the industrial park arete park Rokycany I will be complemented by solar panels
Our new hall within the industrial park ARETE Park Rokycany I meets the requirements of tenants with its modern technical parameters. It has also become the first facility within the portfolio of the ARETE INDUSTRIAL fund to be fully heated by heat pumps. We have decided to supplement the heat pumps with the latest photovoltaic power plant. A total of 138 modern solar panels have been installed on the roof of the facility, providing a total capacity of nearly 63 kilowatts-peak in the first implemented phase. We will also be installing photovoltaic power plants on other technically suitable roofs of our buildings. This is one of our environmental goals, which is part of ARETE’s approach to ESG principles.
New solar power station for arete park Valašské meziříčí
We decided to further modernize the logistics park in Valašské Meziříčí, which we put into service last September. This is one of the largest developments within the ARETE INDUSTRIAL fund so far. During the completion of the first phase of the photovoltaic power plant, a total of 1,102 pieces of the latest solar panels with a total capacity of 501 kilowatt-peak were installed. The effort to install photovoltaics on all technically compliant roofs within the fund’s portfolio is one of the environmental goals that follows ARETE’s approach to ESG principles.
The approach of ARETE to ESG
At ARETE, sustainability, social policy, and responsible corporate governance. This is why we proudly embrace a comprehensive strategy of ESG commitments. The strategy is based not only on environmental responsibility and the sustainability of our business but also on ethical principles and a commitment to the sustainable development and prosperity of local communities. We are driven by ethical principles and committed to openness and fairness in our relationships with our tenants, investors, business partners as well as our employees. We have developed our complex ESG strategy in collaboration with the renowned consulting agency Ernst & Young, which is among the absolute leaders in the industry. Pillars of our ESG approach E (Environmental) Respect for the environment is essential to us. We aim to promote a sustainable and environmentally friendly approach to the development and operation of our buildings. We continuously seek further opportunities to minimize the environmental impact of our business. Our environmental goals: We will secure BREEAM certification for all newly constructed buildings Photovoltaic panels will be installed on all technically suitable roofs By the end of 2050, we will end the use of fossil fuels to generate electricity in all our buildings We will plant one tree for every 500 square meters of newly built rental area S (Social) Our constant commitment is to develop sustainable and prosperous local communities. We always prioritize health and safety first. Likewise, the satisfaction of our suppliers, tenants, business partners, and our own employees is our priority. Our social Goals: At least 90% of our tenants will have long-term leases of five years or more We will support local non-profit organizations and local charitable projects Each year we will conduct at least two employee volunteer activities G (Governance) All business activities of ARETE are based on ethical standards and moral values. It is essential for us to apply these values in our relations with suppliers, tenants, employees, and business partners. Our governance goals: All our employees will complete training on the company’s Ethics Code of Conduct We will commit at least 90% of our key suppliers to the Supplier Code of Conduct In 2022, we prepared all processes and investment strategies so that we could responsibly subscribe to the principles of ESG (Environmental, Social, and Governance) and sustainability. This year we are continuing our activities and plan to complete the full implementation of ESG.
The real estate market is increasingly influenced by ESG principles. Sustainability is also crucial for us at ARETE.
Likewise, tenants and investors in the real estate market perceive the situation similarly, often making decisions based on adherence to ESG values. The pursuit of sustainability presents a significant opportunity not only for the industrial property segment but for the entire real estate market. “We are building our portfolio of manufacturing and logistics properties with a focus on its energy efficiency, ecological friendliness, and overall attractiveness to tenants who value ESG principles,” explains our colleague Tomáš Novotný in the article for Wealth Magazine. Full article: https://wmag.cz/esg-tu-s-nami-zustane-a-bude-ovlivnovat-trh-s-nemovitostmi/
