A distinct gap is developing between assets that are sustainable and those that are not in terms of their carbon footprint, says Dennis de Laat, Deputy Head of Real Estate Finance Benelux, Berlin Hyp AG.
And he adds, “if you do not have a plan in place to improve your buildings then you will experience the gap.”
Furthermore, distinction will increase because investors want to buy sustainable buildings, tenants want to lease sustainable buildings, and banks want to finance them.
“Assets that comply with the new ESG sustainability standards will be in higher demand,” he told Real Asset Insight’s Richard Betts. “They are more liquid so in the end will maintain better value.”
Click on the video to watch the full interview or listen to the podcast below.