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What will happen to older office properties in South Africa, particularly in "secondary" areas where vacancy rates are increasing? Many are now asking if "Brown-to-Green" is feasible. JLL Africa provides some insights on whether real estate transition funds can get older buildings up to scratch. Check out their latest article to learn more. #realestate #SouthAfrica #propertyinvesting

Expect the growth of environment, social and governance (ESG) in 2024 as more landlords will realize that having the platform will attract more tenants particularly the multinational corporations when they establish their operations in the Philippines. Read the full article on the link below and discover other real estate updates: https://lnkd.in/guCDs9bU #realestateblogph #realestateblogphpropertynews #REBPH #realestate

💵 How Aussie Banks Are Leading Global Retrofit Movement! Leading the charge in sustainable development, Australia's banking sector, headlined is strategically investing in mass timber construction projects across the world! 🔑 Key Insights: 1️⃣ Macquarie's Forward-Thinking Approach: Demonstrating its commitment to sustainability, Macquarie has invested in EDGE, one of Europe’s most innovative real estate developers. EDGE's projects, including the pioneering Edge London Bridge, embody the future of green building, utilising mass timber for sustainable and net-zero outcomes. 2️⃣ Championing Sustainable Development: Through this investment, Macquarie is not only backing the construction of new buildings but is also advocating for the transformation of real estate into greener, more sustainable spaces. This aligns perfectly with their broader vision of reducing carbon footprints and fostering a sustainable future in their extensive property portfolio. 3️⃣ Advancing Retrofitting Technologies: Beyond new constructions, Macquarie's focus includes innovative retrofitting solutions. Emphasising the importance of upgrading existing buildings, the bank is investing in technologies that enhance energy efficiency and occupant wellbeing, addressing the global challenge of reducing carbon emissions in both new and existing structures. 🔗 Deep Dive: Discover the pivotal role Australian banks, especially Macquarie, are playing in shaping the sustainable future of global real estate: https://lnkd.in/gz5zuxRb 🗣️ #questionforgroup: As we witness a paradigm shift towards sustainable practices in real estate, what impact do you foresee from the active involvement of financial institutions in this transformation? We'd love to hear your views. 🔖 Tags: #construction #banking #netzero #masstimberconstruction #architecture #realestate #netzerobuildings #buildings #EDGEProjects #retrofits #refurbishment #netzerobuildings #greenfinance #esg

Commercial real estate tenants DON'T value #sustainable properties. An often-heard mantra is that sustainable properties are built because tenants demand it. CBRE Baltics latest real estate report shows that this isn't necessarily true. It's the prime tenants in the city centres, often foreign-owned or at least international, that are willing to pay a premium for premises with #LEED or #BREEAM certification. Let's wait what happens when mandatory sustainability reporting gets extended to smaller, non-listed entities and the results affect the ability of companies located in our cities' peripheries to finance themselves through bank loans.

Eagle Street Partners, represented by Savills, has completed a significant lease renewal with Curtiss-Wright Corporation at Richview Office Park in the south Dublin suburb of Clonskeagh: http://savi.li/6042iSEn4 A collaborative effort in line with both parties' dedication to #ESG principles has led to an extensive refurbishment plan aimed at enhancing the building's operational and environmental performance, elevating it to BER A3. Upgrades include the replacement of gas-fired systems with electric alternatives, installation of solar power, and LED lighting. These improvements are expected to reduce energy intensity and operational costs considerably, with Eagle Street investing €2.7 million in the project. Savills Seán Ryan Mc Caffrey says: "Landlords and tenants are aligning in their ESG principles, and this transaction is proof that collaboration is essential. It is a key area of focus for Savills and in-house we have the necessary full service offering to guide our clients."

African real estate market key themes and trends The just concluded East African Property Investment (EAPI) summit revolved around a prominent and recurring theme that dominated the sessions: the emergence of new asset classes within the African real estate industry. It is evident that investment preferences have undergone a remarkable transformation over the past five years. Historically, the focus has been on traditional offices, retail establishments, and industrial properties. https://lnkd.in/gAbtYTA8 #Property #Investment #Industry #Asset #

We came across an intriguing post on LinkedIn, which caught our attention, corresponds to our vision, and we fully agree with it. It is often considered that Breeam certification is only relevant for tenants, but the statistics below show that this is far from always being the case. Observing the current situation in the real estate market in Latvia, we clearly see a growing interest in long-term construction using Breeam standards. This brings obvious benefits both in the real estate sector and in the financial sphere, and banks actively support such initiatives. Already today, the Breeam standard is becoming one of the criteria for obtaining the best financing terms in the market. Edgars Eglītis, head of the project management department, emphasizes: 'We approach the needs of our clients responsibly, and starting from this year, we provide BREEAM Official certification. We see huge potential in this and are ready to take further steps in this direction. Companies willing to adapt to such changes will grow faster and offer better returns in the following years. As a construction professional doing business within European countries, we see developers' desire to create the most pleasant environment for their tenants not only in new constructions but also in existing buildings. The interests of our clients lead us Būvuzraugi LV to right choices, and we have joined the BRE global family to assist our clients that they are able to achieve the best sustainability factors in their assets. We support existing building certification within the world’s leading sustainability assessment method BREEAM in use.'

The industrial and logistics sector of real estate is constantly evolving to meet the changing demands of both occupiers and investors. There is a strong focus on creating top-quality buildings that exceed traditional standards, known as Grade A+ units. These buildings can vary in definition depending on factors such as size, occupier type, and location, but one key component is the emphasis on ESG (Environmental, Social, and Governance) criteria. Read more:

ESG will influence every aspect of real estate industry, says Savills 🍀 Health, safety and quality are the most essential considerations for all tenants, commercial buildings failing to satisfy these criteria for comfortable space or fresh air will bear the risk of competition with new buildings, the largest real estate agency Savills said in its recent announcement. In Ho Chi Minh City, more than 80 per cent of the city's future Grade A and B supply is expected to have green certifications. ♻ Increasingly, businesses are implementing environmental sustainability targets and goals to reduce carbon emissions. Office markets in the Asia Pacific are continuing to remain the most stable of the regional occupational markets. --- #SavillsVietnam. #GreenCertification. #EnvironmentalSustainability. #CarbonEmissions. #Sustainability. #Health. #Safety. #Quality.