ERAM Real Estate is committed to building to the highest environmental, social and regulatory standards, in line with international institutional practice. We are at the Foundations phase of the platform: the commitments below are the standards we will pursue across the pipeline as projects move from concept through to delivery. Where we cite specific certifications, ratings or benchmarks, we describe them as targets, confirmed project-by-project in each Information Memorandum.
Every ERAM project will be designed and delivered against an environmental brief that targets energy performance materially above the local minimum, low-embodied-carbon material choices where the supply chain permits, careful water management, and full electromobility provision. The brief is set at concept stage and tracked through to delivery; deviations require Investment Committee approval.
We will design every project to meet international green-building standards. Sustainable systems — photovoltaic panels, heat pumps, green roofs, rainwater harvesting, greywater reuse and high-performance glazing — will be specified at concept stage and tracked through construction. Specifications are confirmed per project in the Information Memorandum.
For our office and hospitality projects, we will pursue green certifications at minimum LEED Gold, with LEED Platinum sought for prime city-centre developments. For hotel projects, we will pursue at minimum BREEAM Excellent. For residential projects, we will pursue energy-performance ratings of Class A or B under the applicable national rating scheme, and where relevant EU Near-Zero-Energy Building (NZEB) benchmarks.
We will require structured construction-waste management plans from every contractor, with waste streams segregated and licensed disposal documented. For completed assets, we will provide separated-waste collection across all office, residential and hospitality projects, encouraging sustainable behaviour among tenants and residents.
We will implement water-efficiency measures including low-flow fixtures, rainwater capture for irrigation and landscape maintenance, retention tanks to support microclimate and infiltration, and greywater reuse where the project scale and use-mix permit. Water consumption will be reported in quarterly investor updates during the operating phase.
Common areas of every building will be equipped with motion-sensor LED lighting to minimise unnecessary consumption. Every project will include electric-vehicle charging infrastructure and bicycle storage at a level that meets or exceeds local code. We will explore integration of buildings into grid-stability frameworks via backup generation where the project scale warrants it.
Where the opportunity presents itself, we will pursue the long-term transformation of neglected or under-used sites — bringing new life to locations that have become inactive, and creating attractive public spaces in the process. Brownfield revitalisation is an ambition for the pipeline, not yet a delivered outcome.
For every ERAM project, we commit to engaging an established local architectural practice in the project's home market — selected for fluency with local context, materials, climate and regulation — together with a recognised international architectural practice where the brief, scale or typology warrants it. Where the project ambition justifies it, we will organise open architectural competitions to bring world-class design to Kosovo and the wider region.
The dual-track local-plus-international approach combines local credibility with international design standards. Named architectural engagements are disclosed in each project's Information Memorandum.
ERAM Real Estate operates under a comprehensive governance framework adopted from the platform's first day: dual-class share structure with the Sponsor Control Architecture at the project SPV level; a complete suite of policies covering AML, KYC, sanctions, anti-bribery, conflicts of interest, data protection, code of conduct, complaints, risk disclosure, supplier conduct and contractor conduct; an Investment Committee with independent oversight; and an Investor Representative elected by Class B co-investors. The framework is documented in full on the Compliance page.
A complete suite of 19 board-approved policies has been adopted from day one, covering financial-crime prevention, governance and ethics, investor protection, data and tax, procurement and supply chain, and website terms. All policies are published on the Compliance page and reviewed annually.
Every project SPV will appoint at least one independent non-executive director (or, for pilot SPVs, a designated independent observer) to provide fiduciary oversight and minority-investor protection. The Investment Committee includes a mix of internal and independent membership, with conflicted directors recused from related-party decisions.
Class B co-investors elect an Investor Representative who serves as a single point of contact for the co-investor block, sits on the SPV board, attends meetings, channels co-investor concerns and signs on behalf of the block on routine matters.
Related-party transactions — including engagements with Kelmendi Holdings group affiliates — are logged in a register, reviewed by the Investment Committee and independent director, benchmarked against external comparable offers, and disclosed in each project's Information Memorandum and audited annual financial statements. Pricing of every material related-party transaction is independently verified by the project SPV's statutory auditor.
Procurement of goods, services and construction is governed by the Supplier Code of Conduct and the Contractors & Sub-Contractors Code. The Codes set out the procurement principles, integrity standards, labour minimums, health-and-safety expectations, and disclosure requirements applicable across the supply chain.
An independent whistleblowing channel is available to employees, contractors, suppliers, investors and members of the public to report concerns about integrity, safety, compliance or any other matter. The channel is operated with strict confidentiality, and retaliation against good-faith reporters is prohibited.
Co-investors in Class B shares receive structured quarterly reporting on each project SPV — covering construction progress, budget status, sales-pipeline tracking, financial statements and risk-register updates — plus annual audited financial statements at SPV level. ESG metrics relevant to each project — energy performance against target, certification progress, waste-management compliance, water consumption in the operating phase, community-engagement activity — will be reported alongside operational metrics.
See Investor Relations for the full reporting framework.
The five values below underpin everything we do — they are the standards we hire for, promote on, and hold the platform to. They are the same values used internally across the Kelmendi Holdings group, applied to ERAM Real Estate's institutional context.
We demonstrate professionalism at all levels — from the way we structure transactions, to the way we conduct site meetings, to the way we communicate with co-investors.
We are reliable, take ownership, and go the extra mile when it matters. We do what we said we would do, and when we cannot, we say so promptly.
We are honest, credible and accountable. We disclose related-party relationships openly, we price transactions at arm's length, and we welcome auditor scrutiny.
We bring the rigour of institutional standards to a market that has not always had them. Every decision is weighed against year-twenty, not year-two.
We are enthusiastic, passionate and collaborative — within the team, with our affiliates, with our partners, and with the communities our buildings join.
ERAM Real Estate is in the Foundations phase of the platform. Our first projects are at concept and planning stage. The standards set out on this page are the standards we commit to pursue across the pipeline — they are not yet evidenced by completed buildings. As projects move through feasibility, permit, construction and delivery, the evidence will be reported transparently in our quarterly investor updates, in the audited financial statements of each project SPV, and in the public Insights edition.
See Insights
Building
communities,
not just
buildings.
The buildings we develop will become part of neighbourhoods that exist for decades. Our social commitments — to the communities around our projects, to the residents and tenants who eventually move in, and to the wider real-estate profession in Kosovo and the Balkans — are integral to the way ERAM operates.
Community spaces
Every project will include high-quality public and shared spaces appropriate to its scale and use — community terraces, gardens, playgrounds where families are part of the user mix, outdoor workout zones, bicycle stands, and shared spaces for residents and tenants to relax and meet. We will design these from day one, not as an afterthought.
Healthy lifestyle
We will promote physical activity and healthy living through indoor and outdoor workout zones, accessible open staircases, diverse playgrounds, and the provision of cycling infrastructure — bike paths, stands, garages, showers and dedicated end-of-trip facilities. Every project will be designed for strong connectivity to public transport, supporting sustainable modes of mobility.
Stakeholder engagement
We will engage stakeholders in the vicinity of every project — from the planning phase, through construction, to handover. We will organise structured stakeholder meetings around significant developments, taking input on design, public-realm contributions, construction logistics and operating arrangements.
Tenant & resident satisfaction
Once buildings are occupied, we will conduct regular tenant and resident satisfaction surveys to gather feedback and identify improvements. We will use the findings to refine specifications on future projects and address operating issues on completed ones.
Education & the profession
We will share our knowledge with the next generation of real-estate, architecture, engineering and finance professionals in Kosovo and the wider region. This will take the form of guest lectures at the University of Prishtina, AAB, RIT Kosovo and partner universities, site visits for student groups, and support for masters and PhD theses on relevant subjects.
Knowledge sharing
We will participate in industry conferences with regional and international reach, publish a quarterly Insights edition on Kosovo and Western Balkans real estate, and contribute to the public conversation about the development of institutional-grade property in the region. See Insights →