In what is becoming more than just a trend, another major European tenant has signed a green lease, driven in part by pending legislation in France.
Some persisting trends in commercial leasing abroad could suggest how future green leasing markets in North America might look if data-driven regulatory activity increases at the state and local levels.
In a move that it describes as “transformative,” one of the UK’s largest retailers has announced a major initiative that will incorporate green lease obligations into all of its new and existing shopping center and retail park leases.
In addition to presenting some important insights about the current state of the European green real estate market, a recent survey of property owners in France, Germany, and the United Kingdom concludes that investors are most interested in identifying green-related opportunities at the portfolio level.
Brussels-listed real estate investment trust Cofinimmo S.A. recently announced the acquisition of an EHPAD nursing home facility in Paris which includes an environment appendix to its lease under new French legislation that applies to the commercial real estate sector.
Characterized by the owner as a green lease, two Swedish companies have committed to decreasing energy in a new 10-year lease for 14,000 square meters of mixed-use space in two buildings located just west of Stockholm.
A recent article from Australia suggests that Henry Gifford’s class action suit against USGBC has resonated not only domestically, but across global real estate markets as well.
A new green skyscraper designed by 2005 Pritzker Prize winning American architect Thom Mayne will anchor a redevelopment of the La Defense business district west of Paris. Mayne’s submission was chosen over nine other proposals, including those from Lord Foster, Rem Koolhaas, and Jacques Herzog. Nicolai Ourossoff of The New York Times calls the design […]