DESIRABLE GREEN-FRIENDLY PROPERTY PORTFOLIOS
Desirable green-friendly property portfolios are advantageous. Sustainability is a key consideration for businesses investing in property despite the downturn, according to a report by the Leeds office of GVA Grimley. The survey revealed that awareness and attitudes toward sustainable commercial property had improved since GVA Grimley’s last survey 18 months ago.
Richard Walsh, head of investment at the property consultancy’s Leeds office, said: “Bearing in mind the challenges investors have faced over the period since our last survey, it is highly encouraging to see the vast majority of investors not only still consider sustainability to be an important issue but continuing to drive it as an integral part of generating investment value in the future.” c/o Business Insider.
THE IMPACT OF SOCIAL GOOD ON REAL ESTATE
Meanwhile, according to Deloitte,
“ESG”, the generally used acronym for “Environmental, Social and Governance”, has become an important business consideration all around the world. For instance, real estate investors have an increasing focus on sustainability. However, ESG in real estate can be so much more impactful. How can it become an important value driver?
The trend has turned from capitalism to the application of ESG standards on real estate. Notably Government and and developers in many developed countries. The asset class is is relevant to these guiding principles, when applied. Whilst awareness is still growing, through rehabilitation of public spaces. This attributes to the value of existing real estate, care centres, and affordable housing. And a new key focus new green buildings investment.
“Sustainability is here to stay, or we might not be’ Niall FitzGerald
THE ENVIRONMENTAL FACTOR
COVID-19 has brought about the environment factor, by enhancing the urgency on global pollution. We have changed our focus to positive social impact.
To this end, we are working with manufacturers’. Who are playing their part on environmental impact by developing new materials. For example, innovative upholstery made from nettles, and eco fabrics using recycled fabric. This helps reduce the environmental impact, of our projects. Helping to reduce the level of plastic waste in our environment, whilst maintaining to provide high -performance fabrics. The contract quality fabrics are comparable to existing Martindale abrasion rubs and flame-retardancy.
Many of these base-cloths, now Made in England, provide a low carbon footprint. These are long-lasting fabrics which is recyclable at end-of-life.
Alongside, this new technologies have developed to provide antimicrobial technology, independently tested as effective in inhibiting the spread of coronavirus,