[{"data":1,"prerenderedAt":38},["ShallowReactive",2],{"article-razvan-nica-older-office-buildings-are-embracing-decarbonization":3},{"article":4,"tags":19},{"id":5,"title":6,"slug":7,"status":8,"publication_date":9,"picture":10,"content":11,"author":12,"seo_title":13,"seo_description":14,"seo_keywords":15,"category":16,"tags":17},48,"Răzvan Nica: \"Older office buildings are embracing decarbonization\"","razvan-nica-older-office-buildings-are-embracing-decarbonization","published","2025-03-19T13:00:00Z","https:\u002F\u002Fapipy-site.carbontool.com\u002Fmedia\u002Fuploads\u002F2025\u002F03\u002F19\u002F19.03_ZF.jpg","\u003Cp>\u003Cspan style=\"font-size:12pt\">\u003Cspan style=\"font-family:Calibri,sans-serif\">\u003Cspan style=\"font-family:"Times New Roman",serif\">\u003Cspan style=\"color:black\">The office real estate market is at a turning point, with sustainability driving major shifts. As new developments slow, building owners are focusing on modernizing and decarbonizing older properties to stay competitive. The pressure to meet ESG standards, comply with stricter EU regulations, and attract corporate tenants is accelerating this transformation.\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\r\n\u003Cp> \u003C\u002Fp>\r\n\r\n\u003Cp>\u003Cspan style=\"font-size:12pt\">\u003Cspan style=\"font-family:Calibri,sans-serif\">\u003Cspan style=\"font-family:"Times New Roman",serif\">\u003Cspan style=\"color:black\">Răzvan Nica, founder of BuildGreen, highlighted this trend during the "Trends in the Office Market" panel discussion organized by \u003Cem>Ziarul Financiar\u003C\u002Fem>. He emphasized that owners of office buildings constructed between 2004-2005 and 2010-2012 are increasingly investing in decarbonization.\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\r\n\u003Cp> \u003C\u002Fp>\r\n\r\n\u003Cp>\u003Cspan style=\"font-size:12pt\">\u003Cspan style=\"font-family:Calibri,sans-serif\">\u003Cem>\u003Cspan style=\"font-family:"Times New Roman",serif\">\u003Cspan style=\"color:black\">"In a market where new development has slowed dramatically, we are seeing a clear shift toward decarbonization in older office buildings—particularly those built 10 to 20 years ago",\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fem>\u003Cspan style=\"font-family:"Times New Roman",serif\">\u003Cspan style=\"color:black\"> said Răzvan Nica.\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\r\n\u003Cp> \u003C\u002Fp>\r\n\r\n\u003Cp>\u003Cspan style=\"font-size:12pt\">\u003Cspan style=\"font-family:Calibri,sans-serif\">\u003Cspan style=\"font-family:"Times New Roman",serif\">\u003Cspan style=\"color:black\">He pointed out that many of these buildings are reaching a stage where technical upgrades are no longer optional. Outdated equipment is being replaced, and many developers are transitioning from gas-based systems to heat pumps.\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\r\n\u003Cp> \u003C\u002Fp>\r\n\r\n\u003Cp>\u003Cspan style=\"font-size:12pt\">\u003Cspan style=\"font-family:Calibri,sans-serif\">\u003Cem>\u003Cspan style=\"font-family:"Times New Roman",serif\">\u003Cspan style=\"color:black\">"While this will become the new standard for office buildings, implementing these changes in existing properties presents significant technical challenges,"\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fem>\u003Cspan style=\"font-family:"Times New Roman",serif\">\u003Cspan style=\"color:black\"> Nica added.\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\r\n\u003Cp> \u003C\u002Fp>\r\n\r\n\u003Cp>\u003Cspan style=\"font-size:12pt\">\u003Cspan style=\"font-family:Calibri,sans-serif\">\u003Cspan style=\"font-family:"Times New Roman",serif\">\u003Cspan style=\"color:black\">This discussion took place alongside key industry leaders, including \u003Cstrong>Andrei Ianculescu\u003C\u002Fstrong> (Head of Project & Development Services, C&W Echinox), \u003Cstrong>Antoniu Panait\u003C\u002Fstrong> (Managing Director, Vastint Romania), \u003Cstrong>Andreea Cotiga\u003C\u002Fstrong> (Head of Leasing Office, CPI Property Group), \u003Cstrong>Maria Jianu\u003C\u002Fstrong> (Leasing Director, Speedwell), \u003Cstrong>Mihai Păduroiu\u003C\u002Fstrong> (CEO, Office Division, One United Properties), and \u003Cstrong>Florian Niţu\u003C\u002Fstrong> (Managing Partner, Popovici Niţu Stoica & Asociaţii).\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\r\n\u003Cp> \u003C\u002Fp>\r\n\r\n\u003Ch2>\u003Cspan style=\"font-size:12pt\">\u003Cspan style=\"font-family:Calibri,sans-serif\">\u003Cstrong>\u003Cspan style=\"font-size:13.5pt\">\u003Cspan style=\"font-family:"Times New Roman",serif\">\u003Cspan style=\"color:black\">Why decarbonization is a priority now\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fh2>\r\n\r\n\u003Cp> \u003C\u002Fp>\r\n\r\n\u003Cp>\u003Cspan style=\"font-size:12pt\">\u003Cspan style=\"font-family:Calibri,sans-serif\">\u003Cspan style=\"font-family:"Times New Roman",serif\">\u003Cspan style=\"color:black\">The push for energy efficiency and sustainability is no longer just a competitive advantage, it’s a requirement. EU regulations on emissions and efficiency, coupled with rising ESG demands from corporate tenants, are forcing property owners to act.\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\r\n\u003Cp> \u003C\u002Fp>\r\n\r\n\u003Cp>\u003Cspan style=\"font-size:12pt\">\u003Cspan style=\"font-family:Calibri,sans-serif\">\u003Cspan style=\"font-family:"Times New Roman",serif\">\u003Cspan style=\"color:black\">Although Romania’s office market is relatively new compared to Western Europe, ESG compliance is already a decisive factor in leasing negotiations. Large corporations are unwilling to settle for spaces that don’t align with their Environmental, Social, and Governance (ESG) policies.\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\r\n\u003Cp> \u003C\u002Fp>\r\n\r\n\u003Cp>\u003Cspan style=\"font-size:12pt\">\u003Cspan style=\"font-family:Calibri,sans-serif\">\u003Cspan style=\"font-family:"Times New Roman",serif\">\u003Cspan style=\"color:black\">At the same time, demand for older office buildings is set to increase. With new office space deliveries in the next two years at historic lows, businesses looking for quality office space will have to turn to existing stock.\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\r\n\u003Cp>\u003Cspan style=\"font-size:12pt\">\u003Cspan style=\"font-family:Calibri,sans-serif\">\u003Cspan style=\"font-family:"Times New Roman",serif\">\u003Cspan style=\"color:black\">To remain attractive to top-tier tenants, owners of older buildings must invest in energy efficiency, sustainability, and decarbonization—now.\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\r\n\u003Cp> \u003C\u002Fp>\r\n\r\n\u003Cp>\u003Cspan style=\"font-size:12.0pt\">\u003Cspan style=\"font-family:"Times New Roman",serif\">Read \u003Cstrong>Răzvan Nica’\u003C\u002Fstrong>s full statements in \u003Cem>Ziarul Financiar\u003C\u002Fem>\u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan style=\"color:black; font-family:"Times New Roman",serif; font-size:12pt\">:\u003C\u002Fspan> \u003Cspan style=\"font-size:12pt\">\u003Cspan style=\"font-family:"Times New Roman",serif\">\u003Ca href=\"https:\u002F\u002Fwww.zf.ro\u002Fcompanii\u002Fenergie\u002Frazvan-nica-buildgreen-vedem-tendinte-decarbonizare-cladirile-22731913\" style=\"color:blue; text-decoration:underline\" target=\"_new\">here\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fspan>\u003Cspan style=\"font-size:12.0pt\">\u003Cspan style=\"font-family:"Aptos",sans-serif\">\u003Cspan style=\"color:black\">.\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>","CarbonTool","Decarbonization of Older Office Buildings: A Must for Competitiveness | Răzvan Nica","With new office developments slowing, older buildings are embracing decarbonization to stay competitive. Răzvan Nica discusses how ESG demands, energy efficienc","Decarbonization in office buildings, Sustainable office real estate, Office market sustainability trends, Corporate tenants and ESG standards",1,[18],6,[20,23,27,31,35],{"id":16,"title":21,"slug":22},"Product","policy",{"id":24,"title":25,"slug":26},2,"Global Warming","global-warming",{"id":28,"title":29,"slug":30},3,"Policy","insights",{"id":32,"title":33,"slug":34},4,"Newsletter","product",{"id":18,"title":36,"slug":37},"Events","events",1781037846054]