Sustainable real estate investment gathers momentum in Europe (EU)

The 2010 Prime Property Award has attracted 143 entries covering real estate projects in 19 European countries.

European property investors are increasingly taking environmental and social factors into account in their investment decisions.The focus of sustainable real investment in Europe is on new builds, but a growing number of refurbishments and existing property developments also incorporate sustainability features. These insights are based on the entries for the 2010 Prime Property Award,the first phase of which was completed on December 31,2009.

A total of 143 real estate projects from 19 European countries were submitted for the Union Investment award, which carries prize money of €30,000. When the competition was first launched in 2008, some 90 projects were submitted. The jury of investors, town planners, engineers and architects will be drawing up a shortlist in March, 2010.

The 2010 Prime Property Award for the best European real estate investment will be presented on October 5, 2010 at the EXPO REAL international trade fair for commercial property and investment,in Munich, Germany.

Source: Union Investment

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