Pan-European real estate investment manager Redevco has joined forces with COFRA Holding (COFRA) to initiate a large-scale on-site renewable energy generation project called Project Solar.
ESG & Responsible Investing
Real estate investor Altera Vastgoed has reported an increase in portfolio value from EUR2.3 billion to a balance sheet total of EUR2.6 billion at year-en 2019, driven by acquisitions, disposals and revaluations within all sectors – residential, retail and industrial.
Savills has been awarded a gold standard LEED green building certification for the interior design and construction of its headquarters in Spain.
CBRE Global Investors has closed a sustainability-linked revolving credit facility (RCF) with ABN AMRO. The EUR45 million plus EUR15 million accordion facility is for the CBRE European Industrial Fund (EIF) and will be secured against a selection of EIF’s properties at an LTV of c40 per cent.
Institutional investors expect that so-called ‘green’ lease clauses will be universally implemented in the real estate industry before the end of this decade, according to new research detailed in the Savills Investment Management (Savills IM) Annual Sustainability Report 2019.
New research by AEW highlights how investors are not yet pricing climate risks into asset acquisitions, including in the circa EUR130 billion a year European office investment market.
UK-based non-bank property lender LendInvest has launched its first green finance initiative.
International Tourism Partnership (ITP), in collaboration with the International Finance Corporation (IFC), a member of the World Bank Group, has produced a new report demonstrating the business benefits of sustainable hotels.
The Property Industry Alliance (PIA), which comprises eight membership organisations that collectively represent all facets of the GBP1,662 billion UK commercial property industry, has published a framework that aims to further advance the social, environmental and economic benefits of responsible business practices across the real estate sector.
Madison International Realty, a real estate private equity firm, has signed the United Nations-supported Principles of Responsible Investment (PRI).