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| Climate change concerns drive growth in green lease clauses
The real estate industry is on the verge of a ‘watershed’ moment, according to new research from Savills IM, which suggests that institutional investors expect ‘green’ lease clauses to be universally implemented in the real estate industry before the end of this decade. And perhaps predictably, the driving force behind the shift is concern over climate change.
Elsewhere this week, we report on the closing – with USD1.2 billion in capital commitments – of TA Realty’s latest Realty Associates Fund, which will acquire industrial, office and multifamily assets, as well as grocery-anchored shopping centres, in major US markets.
In deal news, we report on Clearbell’s GBP120 million sale of an industrial and logistics portfolio of 22 small-to-medium sized assets located throughout the UK, plus the EUR98 million sale of a landmark Warsaw office building by Skanska.
We also have news of a study from Bouinvest which reveals that retail, hotels and co-working offices will bear the brunt of the impact of the coronavirus crisis on the Dutch real estate sector.
Property Funds World
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| ‘Green’ leases to be universal by 2026, Savills IM research reveals | | Thu | 26 Mar 2020, 11:15 | | Institutional investors expect that so-called ‘green’ lease clauses will be universally implemented in the real estate industry before the end of this decade, according to new research detailed in the Savills Investment Management (Savills IM) Annual Sustainability Report 2019. |
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| RLI Investors reaches EUR1bn of assets under management | | Thu | 26 Mar 2020, 11:15 | | RLI Investors (RLI), a specialist investor in the German logistics real estate sector has succeeded in increasing its logistics property and fund assets under management by almost 24 per cent, passing the EUR1 billion mark in the process. |
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| Skanska sells Warsaw office building for EUR98m | | Thu | 26 Mar 2020, 11:15 | | Skanska has sold Generation Park Z office building in Warsaw to Deka Immobilien, one of Europe’s leading real estate investment managers. This is the buyer’s fourth acquisition with Skanska in Central and Eastern Europe. |
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