Commercial property agent GVA is reporting a major increase in the number of properties being assessed against sustainability criteria.
GVA’s fifth biannual ‘Green to Gold’ survey, published this month, reports that UK fund managers and investors believe the investment market ‘no longer views sustainability as a nice to have’. GVA questioned UK real estate investors and fund managers on how they view the risks of rising sustainability regulation and market demands.
Fifty-nine per cent of fund managers and investors reported that three-quarters of their portfolios have been assessed against sustainability criteria, compared with just a quarter in 2012. Ninety-four per cent had a sustainability policy in place at either the organisation or fund level for the properties and funds they manage.
More than half of those questioned believed the investors’ market no longer considered sustainability as just an add-on for investors, but rather something that was starting to be or is already considered a key driver of investment performance.
Government regulations were cited as the main driving factor for undertaking a sustainability assessment, with fifty-six per cent of respondents reporting this as a reason for understanding the sustainability credentials of their assets.
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