BREC Partners: Real Estate Conference 2024 – Innovating Real Estate and Construction

BREC Partners: Real Estate Conference 2024 – Innovating Real Estate and Construction

BREC Partners: Real Estate Conference 2024 – Innovating Real Estate and Construction 900 600 BUCHAREST REAL ESTATE CLUB

The Romanian Diversity Chamber of Commerce (RDCC) and The British Romanian Chamber of Commerce (BRCC) are excited to announce the successful completion of the Real Estate Conference 2024, held at The Marmorosch Hotel in Bucharest. The event brought together top industry professionals, legal experts, and design innovators to discuss the future of real estate with a strong focus on sustainability, accessibility, and inclusive design. Attendees included developers, architects, and other stakeholders invested in a more inclusive approach to real estate development.

“An inspiring education for everyone at the Innovating Real Estate and Construction Trends and Inclusiveness event at the Marmorosch Hotel partnered with the RDCC. Legislation can always be the encouragement but the authentic contribution of everyone to push forward for a non-labelled, respectful blending of diversity in society is absolutely key” – 3 great panel discussions full of critical knowledge and advice on the continued progress going forward successfully. Thank you to everyone who participated.” said Colin C. Lovering – President – British Romanian Chamber of Commerce.

”The European Green Deal brings with it a blend of responsibilities, challenges, and opportunities for Romania’s market and its citizens. These current realities reshape how we build and invest, transforming energy use in buildings as well as the technologies that power them. To support this transition, both EU and national funding are available, encouraging innovative, sustainable solutions in new projects. These initiatives provide a pathway for Romania to embrace energy-efficient buildings and make meaningful progress on the journey toward our long-term commitment to energy responsibility.” states Ramona Moldovan – Deputy Secretary General – Ministry of Energy.

Casiana Fometescu, President Romanian Carbon Association and Founder of Carbon Expert affirmed: “If we want to build sustainably, we should build honestly. And this means building for people and in harmony with nature.”

We took on the role of pioneers of the renovation/redevelopment segment, focusing on old buildings with historical value. A niche market towards which we have dedicated a significant amount of our investments. Now, taking into account that the deep renovation and retrofitting of an existing building can result in 50-75% less carbon and green gas emissions, it is safe to say that our projects bring a valuable contribution to the environment, supporting the European Commission’s carbon-neutrality objectives, while also introducing to the local market new exciting concepts that revive and renew the urban landscape.” said  Andreea Dumitru, Chief Marketing Officer, Hagag Development Europe.

Key Highlights from the Conference:

  1. Sustainability as the New Norm – Speakers emphasized that energy-efficient and sustainable practices should be central to all new and existing real estate projects. The adoption of advanced technologies like photovoltaics and smart building management systems was discussed as necessary for reducing energy consumption and carbon emissions. Panelists referenced projects utilizing smart sensors and automation to monitor and manage energy use, showcasing tangible benefits like lower operational costs and reduced carbon footprints.
  1. Challenges of Retrofitting and Modernization – Retrofitting older buildings, particularly in historic and densely populated areas, remains a significant challenge due to structural and regulatory constraints. Experts highlighted the importance of partnering with local authorities and using innovative energy sources such as geothermal and biomass systems, which are still underutilized in Romania. A case study of a retrofitted historical building in Bucharest demonstrated how the integration of energy-efficient systems and modern management tools can bring heritage structures up to contemporary standards.
  1. Emphasizing Inclusivity and Universal Design – The conference stressed the importance of creating spaces that are truly inclusive, going beyond compliance to meet the needs of all users. Discussions focused on how universal design can ensure accessibility for people with disabilities, families, and various user groups. Featured projects included those with thoughtful additions like baby rooms, pet-friendly zones, and emergency pull cords positioned for easier access. These elements make spaces safer and more accommodating for everyone.
  1. The Concept of the Office as a Dynamic Space – Panelists introduced the idea of the office as a versatile environment, likening it to a toolbox that provides different areas suited to specific work needs. This approach supports varied tasks and promotes better employee well-being. A showcase office in Bucharest featured adaptable workstations, ergonomic furniture at adjustable heights, and multipurpose meeting rooms to cater to both neurodiverse employees and those needing comfortable, flexible spaces.
  1. Certifications Reflecting True Commitment – Certification programs were discussed as important indicators of a building’s dedication to sustainability and accessibility. Access4You was specifically mentioned as a certification that goes beyond basic requirements to ensure spaces are user-friendly for everyone. A highlighted project from Hungary demonstrated how Access4You certification ensured inclusivity by providing comprehensive access features for wheelchair users, parents with strollers, and others with mobility challenges.
  1. Education and Financing for Sustainable Solutions – Experts underlined the need for educational initiatives for tenants and investors to recognize the long-term value of sustainable practices. Financing options for renewable energy projects, like on-site photovoltaics and modular designs that adapt to future needs, were also explored. A Romanian developer shared insights on green lease agreements that incentivize tenants to adopt energy-saving measures, combined with educational programs to support sustainable habits.

The event concluded with a call for stronger collaboration among developers, government bodies, and local communities. Real estate, as a significant source of emissions, must transition from competitive practices to cooperative strategies to meet EU carbon reduction targets and contribute to a resilient and inclusive future.

Industry Leaders in Attendance: Speakers and representatives from organizations including 4ENVIGO, ADP Green Building, AFI Europe Romania, Ask Wire, BRCC, CBRE Romania, CPI Romania, Dentons, Globalworth, Grupo Demetra, Hagag Development Europe, Hotspot Workhub, Phoenix Environmental Romania, Skanska, and Steelcase shared their expertise on creating accessible and sustainable real estate.

Event Partners: Dentons, CPI Property Group, Ambasada Sustenabilitatii in Romania, Bucharest Real Estate Club, Romania Property Club, Jurnal de Sustenabilitate, Nine O’Clock, Business Review.