‘’It is the high quality, energy-efficient buildings that will be the ones that will be fully occupied going forward. And the low-quality energy inefficient buildings will be the ones that will be difficult to let, have high vacancy rates, and will require quite a significant investment.’’
Ralph Mitchison, HLB Global Real Estate Leader
‘’There's a lot of prop tech being developed that is able to collect and measure data and report about sustainable practices to not only focus on your own sustainable practices, but also of your suppliers too, to develop that whole supply chain that is sustainable.’’
Paul Ashburn, Co-Managing Partner, HLB Thailand
About the HLB and Multilaw partnership
Multilaw, a global network of law firms, has been a strategic partner of HLB for over a decade. As we’re both seeking the best opportunities for our members and clients, the purpose of our collaboration is to help real estate businesses navigate complexity and develop sustainable strategies that deliver long-term value.
We collaborated to release this co-authored report on how sustainability and ESG practices are shaping the real estate sector. As the demand for greater accountability and action on ESG issues grows, the real estate industry is experiencing a global shift towards more sustainable practices. The report highlights the challenges faced by the sector, including varying views on ESG across regions, a stagnating investment climate, and shifts in customer demand. However, it also explores emerging technologies and innovative solutions that can help drive sustainable practices while delivering strong financial returns. The report is the result of a discussion among a global community of real estate specialists from HLB and Multilaw, showcasing their thought leadership in the industry.
If you would like to discuss any of the topics raised in this report, we welcome the opportunity to do so.