Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) has kicked off the process of converting its European real estate portfolio to green energy. The Hamburg-based investment manager successfully implemented the new energy supply for the LEED Platinum-certified White House office building in the Hungarian capital of Budapest in partnership with operating costs expert Westbridge International AG. The move will cut the building’s carbon emissions by just under 2,700 tonnes within the next three years. The fully let building is part of an open-ended special alternative investment fund (AIF) managed by Warburg-HIH Invest.
White House is located at Vácí út 47/E in the north of the city and has an annual energy consumption of 2,975 gigawatt-hours (GWh). The new tender process for the energy supply contracts was preceded by a dedicated analysis of the building by Westbridge International, which involved evaluating and reviewing existing terms and conditions. Warburg-HIH Invest has opted for energy provider ELM?-ÉMÁSZ to supply the Budapest building moving forward.
Further projects for Warburg-HIH Invest are ongoing in France, the Netherlands, Austria, Poland, Sweden, Spain and the Czech Republic. Excluding projects currently in the pipeline, 14 buildings in the European portfolio already use green energy, including one property in Austria, five in the Netherlands, seven in the UK and one in Poland.
Pic : White House, source: GTC Group
Source : Company