In the spotlight this week:
COP 26 is on and ESG is in the news. Among many related stories, Nordic property investor NREP has committed to carbon neutrality by 2028, which it says will make it the first international real estate investor with a carbon neutral investment portfolio, which is in keeping with its track record of sustainable initiatives such as the largest rooftop solar plant in the Nordics.
Publication of the second edition of Real Asset Impact coincided with COP26. We interviewed Impact Investing Institute CEO Sarah Gordon, Clemens Brenninkmeyer of Redevco and Susan Aitken, leader of Glasgow City Council among many others.
Business confidence in the real estate sector in Europe has reached its highest level since 2014 according to the ULI/PwC’s Emerging Trends in Real Estate Europe, also published last week. Changes are envisaged, not least due to Covid’s effects on work patterns. Meanwhile, London has moved ahead of Berlin in the investors preference charts.
But in Poland, private rented residential sector is very much the focus, although the market is still trying to assess the appetite among the populace for renting homes. Nevertheless, across the board, despite a bit of political uncertainty in the region, the Q3 investment market in Poland was 30% higher than the same quarter last year. Meanwhile, Patron Capital and Trei have formed a JV to develop more Polish retail parks.
Click on the video above to watch the full interview or listen to the podcast below.