Servita Square Building, developed by Horizon Development, has become the first mixed-use development in Central and Eastern Europe to achieve a LEED Platinum environmental certification for its sustainable design, environmentally conscious technologies and innovative built-in solutions.
LEED stands for Leadership in Energy and Environmental Design and it is the most widely used green building rating system in the world. Developed by the U.S. Green Building Council (USGBC), LEED certification expresses that a building is designed, constructed and operated in a sustainable and environmentally conscious way that ensures electricity cost savings and lower carbon emission rates.
A few days ago, Servita Square Building received the highest level of LEED environmental certification in the LEED v4 BD+C (Building Design and Construction) accreditation system, confirming the project’s sustainability initiatives and the viability of future-conscious solutions, writes Portfolio.
So far, no other mixed-use building has received this prestigious environmental certification in Central and Eastern Europe.
Szervita Square Building is a mixed-use, sustainable commercial building located in downtown Budapest. The 7-storey building offers retail and office premises and luxury residential units.
The “unique shape, lightweight and ethereal structure, soft facade contours and reflecting surfaces” of Szervita Square Building fit perfectly in the historic setting.
“With its abundant natural light, functional and inviting interiors, flexible layouts, natural proportions, cosmopolitan ambiance, and excellent accessibility and visibility, it is an ideal office and retail destination in the CBD with maximum brand exposure,” emphasises Horizon Development.
Szervita Square Building has already received numerous awards. For example, in 2019, it was awarded the “Future Project 2019” title at the 3rd CRE Awards and this year, it was selected the “Best Mixed-Use Development 2021” at the 23rd FIABCI Hungarian Prix d’Excellence.
It also has to be noted that the real estate market in Budapest is at the forefront in terms of green ratings in Europe.
The rate of green ratings in the city’s total office stock of 3.96 million square meters increased from 32% to 43% in five years.
79% of the buildings are BREEAM-certified and 35% are LEED-rated. The rate of WELL-certified buildings is still relatively low (3.5%) compared to other European countries.
Source: portfolio.hu, www.horizondevelopment.hu, usgbc.org