Capital Park Group has launched a process of powering its developments exclusively with energy from renewable sources. As of 1 January 2024, Fabryka Norblina, Royal Wilanów and two Vis à Vis street malls are supplied 100% with green energy. The total area of all projects powered by renewable energy exceeds 110,000 sqm. The energy supplier is Enefit, while Westbridge Advisory supported Capital Park in the energy procurement process.
Capital Park’s decision to purchase 100% green energy contributes to reducing the environmental impact of its real estate portfolio. The Group amended its existing agreement with Enefit, which previously covered the supply of conventional electricity. As a result, the Group’s flagship projects—Fabryka Norblina, Royal Wilanów, and the Vis à Vis street mall retail projects in Radom and Warsaw’s Wilanów district—have been powered exclusively by energy from renewable sources since the beginning of 2024.
“We are aware of the growing importance of pro-environmental actions in business and of the impact real estate projects have on the environment. Our commitment to using only green energy reflects our care for the environment and future generations. Therefore, we will gradually introduce eco-friendly energy solutions across our remaining investments as well,”
says Marcin Juszczyk, Member of the Management Board, CIO/CFO at Capital Park Group.
Westbridge Advisory acted as Capital Park’s broker and advisor in the green energy procurement process and continues to provide ongoing support to the Group in electricity supply, cost optimization and the implementation of sustainability objectives.
“Regardless of whether we are dealing with an owner, investor or property manager, the European Union taxonomy makes energy optimization of real estate an absolute necessity from the perspective of project competitiveness,” – comments Danuta Grzywacz, Country Head Poland at Westbridge.
“We are pleased that Capital Park has decided to begin the transition to green energy for its projects and that we were able to effectively support another player in the real estate market in advancing sustainability initiatives.”