While landlords are relatively slow to formulate ESG proposals, tenants are responding to the call to comply more quickly according to Hubert Abt, CEO, New Work Offices.
“As it changed in the last 18 months on the investment side, we now see exactly the same acceleration of interest towards ESG compliance from big corporate tenants and they will trigger further development in this respect,” he told Real Asset Insight’s Richard Betts.
With modest levels of encouragement it is possible to leverage a substantial change in behaviour, Abt explained. “With a different management approach and more intensive, hands-on management and interaction with the client we can do a lot in this regard,” he said.
As a flex operator, the company’s goal is to offer property in terms of its carbon saving as well as in terms of rent and space available.
Click on the video to watch the full interview or listen to the podcast below.