Noval Property’s Mare West retail park has been certified with the internationally recognised BREEAM In-Use Commercial v6 environmental assessment. In particular, Building B of Mare West retail park was certified at level “Very Good” and Building A at level “Good”. The BREEAM (Building Research Establishment Environmental Assessment Method) programme of the British organisation BRE, is one of the most widely used methods of environmental assessment and certification of buildings worldwide and is awarded to properties whose operation is based on sustainable and environmentally friendly management.
Mare West is the first retail park in Greece to be certified entirely for its sustainable management. Through its operation, Mare West ensures the use of energy efficient systems that contribute to the reduction of carbon emissions, while at the same time achieving optimal waste management and water saving as well as enhancing the quality standards that ensure the healthy living of both employees and visitors of the Retail Park.
Following the successful issuance of Noval Property’s first Green Bond in December 2021, Mare West is the first property of the Company to obtain an international sustainability certification. Mare West’s BREEAM In-Use certification, which follows the ones received for “The Orbit” (LEED Platinum) and “Butterfly” (LEED Gold) office buildings, indicates Noval Property’s strategic choice to applying transparent and internationally recognized sustainability and climate change resilience assessment procedures, both for the office buildings of the Company’s portfolio and for its retail centres.
Athens, 07 September 2022

About Noval Property

Noval Property is the second largest Greek REIC. The investment property portfolio of Noval Property, which comprises 61 properties (1 through a participation in a real estate company and 5 through two 100% subsidiaries of Noval Property) mostly in Greece and selectively in Bulgaria, includes office buildings, shopping centres, hospitality assets and warehouses of total built area of approx. 462.000 sq.m.. The fair value of the investment property and participations portfolio amounted to EUR 455.5 million as of 30.06.2022. Noval Property is a subsidiary of Viohalco in the real estate sector.

For more information, you may visit our web site www.noval-property.com