In the real estate sector, shopping centres have by far the greatest potential to benefit and make a significant impact by becoming net zero.
Read the latest article from our CEO John Macdonald Brown in REACTnews where he shares the secrets to success and explains how embedding renewable energy generation can deliver exceptional returns.
If you are a shopping centre owner, operator or asset manager and read one thing today, make sure it’s this! And then give us a call and we’ll tell you more about how it’s done.
As seen in the REACT Article:
"Greta, Lockdown clean air, ambitious corporate commitments, investor demand, inflation and of course extraordinary energy price hikes have all combined to push the wider commercial real estate sector out of the starting blocks and into the race to decarbonise assets. At the heart of this drive is on-site renewable energy generation. There is much, worryingly ill-informed or very out-dated misinformation that I guess will always be there, however, I am determined to set the record straight! Onsite renewable energy generation and the path to net zero is not only what we all have to be delivering, the journey should, if properly thought out, be a profitable one. In the case of shopping centres – a very profitable one."
"Today, there are still only two ‘Net Zero Carbon – Operational Energy’ retail destinations in the UK, in line with UKGBC’s Net Zero Carbon Buildings Framework. The value these projects can bring to shopping centres (and most other real estate sectors) is clear. Valuers will capitalise the revenue streams, and there is now an emerging body of transactional evidence showing that buyers not only value the decarbonising impact undertaken by the vendor, they will pay for the revenue streams. So, to those laggards that perpetuate the argument that transitioning towards net zero is cost prohibitive, I urge you to reconsider."