The European Bank for Reconstruction and Development (EBRD) and Nef a leading real estate developer in Turkey, are joining forces in a US$ 120 venture to invest in modern, sustainable and energy-efficient property. It’s a move to promote urban regeneration and greener standards in the construction sector in the country.

Located in a region of high seismic risk, Turkey is among the countries most vulnerable to earthquakes. The investments will focus on urban regeneration, including redevelopment of buildings in earthquake-prone areas.

Amber’s engineering team flew out to Istanbul on the 20th November to begin consulting on the project. Amber’s Head of Engineering and Energy Reduction Ian Beynon said “This is a genuinely exciting opportunity to work alongside another organisation leading the way in the student accommodation sector. There is great alignment between Nef and amber energy and through our advising on sustainable design and operation they are planning to build and operate some of the most energy efficient student housing in the country. We are looking forward to working the Nef and EBRD on this project over the coming months”.

The projects developed by the joint venture will also incorporate design features that will enable them to receive LEED (Leadership in Energy and Environmental Design) Gold certification, a mark of excellence. The certification recognises significant energy savings and includes requirements for more sustainable management of construction sites, for water efficiency, recycling and reuse of construction materials, and minimisation of construction waste.