PineBridge Benson Elliot’s Diuna Project Wins ESG Champion Building Award at the CEEQA 2024 Awards

17 June 2024: PineBridge Benson Elliot, the UK-based pan-European real estate fund manager, is pleased to share that Diuna, a flagship office regeneration project in Poland, has won the ESG Champion Building Award at the Central & Eastern European Real Estate Quality Awards (CEEQA) 2024.

Diuna is a joint project between PineBridge Benson Elliot and Syrena Real Estate. Formerly known as Marynarska Business Park, the Diuna site has undergone a comprehensive transformation. A concrete parking area has been redeveloped into a publicly accessible landscaped park which is integrated into an urban cycling network; delivered alongside co-funding for the development of a public road to improve local transport links. The project likewise hosts new attractive reception areas, and flexible, user-friendly spaces.

The revitalization of the Diuna complex is based on the idea of a circular economy, whereby resources are reused and recycled to expand their lifecycle. The project assessed the possibility of reusing resources and structures from the buildings, together with an assessment of their embedded carbon footprint. An independent audit, followed by the implementation of energy efficiency measures, led to significant improvements in operational Co2 emissions¹.

Cedric Reimers, Managing Director, and Marek Gluszczuk, Vice President at PineBridge Benson Elliot, said: “The Diuna project embodies a vision of breathing new life into older office spaces with underlying potential. We are proud to have improved the landscape to create a revitalized space that feels different and is of benefit to both the users and the wider community.”

The success of Diuna is a continuation of PineBridge Benson Elliot’s strategy to supply high quality, sustainable offices. Recent projects include:

Le Berkeley: a Grade A office building in La Défense, west of Paris. Le Berkeley was the winner of the ULI Award for Excellence in October 2022, recognizing “truly superior development efforts” and considers the full process, including planning, construction, economic viability and community impact.

Manoteras: a consolidated, well-connected and dynamic submarket just north of Madrid. The project is designed to achieve LEED Platinum and WELL Gold certifications.

Segreen Business Park: Investment via an Italian REIF, a redevelopment and extension of an office complex located in one of Milan’s pre-eminent office locations. Designed and redeveloped, achieving LEED Gold certification.

About PineBridge Benson Elliot

PineBridge Benson Elliot is a pan-European real estate private equity specialist with two decades of investment experience, deep market knowledge and in-house operational expertise. Founded in 2005 as Benson Elliot Capital Management, the firm was acquired in December 2020 by PineBridge Investments, a private, global asset manager focused on active, high-conviction investing. As of 31 March 2024, PineBridge Investments managed $168.2 billion across global asset classes for sophisticated investors around the world. For more information, please click here.

About Syrena Real Estate

Diuna is a joint project between PineBridge Benson Elliot and Syrena Real Estate. Syrena Real Estate is a dynamic private Polish company operating in the commercial real estate market since 2016. It focuses on direct investment and property management for foreign investors. Syrena Real Estate manages a real estate portfolio with a total area of 110,000 sqm and a market value of €435 million. It specializes in value-add projects.

About the Central & Eastern European Real Estate Quality Awards

CEEQA recognizes business excellence and encourages thought leadership across 18 countries in Central & Eastern Europe and Southeast Europe, showcasing the achievements and opportunities of the New Europe property sector to the international investment arena.

Third-party rankings and recognition from rating services or publications are no guarantee of future investment success. These awards should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation. Generally, ratings, rankings, and recognition are based on information prepared and submitted by the advisor, and are part of a process in which not all advisors elect to participate.

PineBridge didn’t pay compensation directly or indirectly to be considered for any of the following awards, to obtain the award, or to use the awards.

Central & Eastern European Real Estate Quality Awards 2024 - Source: Central & Eastern European Real Estate Quality Awards 2024. The CEEQA Jury is responsible for judging awards submissions for real estate development and business activity in 18 country markets. The integrity of the judging procedure and results of the awards is highly regarded internationally and vital to the market value and profile of CEEQA. Decisions are exclusively made by the elected members of the jury with no possibility of interference or intervention by the organiser or participants. All aspects of the entry and judging process are closely supervised by globally trusted consulting firm PwC. For details, please visit: https://www.ceeqa.com/2024/jury