|Property Sustainability: Green buildings in Russia.|
Wednesday, 4th December 2013
Source : Jones Lang LaSalle
According to the latest green building research, there are currently more than 26 projects in the Russian real estate market that are certified or undergoing certification to international environmental standards. This includes 13 BREEAM, six LEED, six BREEAM In-Use and one LEED/BREEAM certified project.
This rise in green accreditations has taken place in just the past three years with green buildings now representing a total area of 500,000 sq m.
Right: Jones Lang LaSalle LEED and BREEAM certified offices, Moscow
Spurred initially by foreign companies applying green standards to their Moscow office headquarters, the office sector leads in terms of numbers of green buildings (43% of the total certified commercial real estate volume).
This trend is now catching on with Russian tenants, seeking to improve the quality of their office premises.
The industrial sector (31%) is the second largest occupier of green-certified buildings, while the remaining percentage is represented by specialised schemes such as educational facilities.
As yet, the certification of shopping centres and residential buildings has not been initiated in Russia.
Certified Real Estate Buildings in Russia, by sector
Source: Jones Lang LaSalle
Over the next two years, the market is expected to further expand the volume of green buildings, with the total stock of certified offices and warehouses in Russia forecast to reach 1.2 million sq m by the end of 2015.
On top of this, there will be 1.7 million sq m of sports and infrastructure schemes, a key driver being megaprojects such as the Winter Olympic Games in Sochi in 2014 and the FIFA World Cup in 2018; the majority of venues involved will be certified to LEED and BREEAM standards.
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