Asia Pacific commercial real estate owners focusing on resiliency as environmental risks increase
Asia Pacific commercial property owners and managers are deploying greater resources toward ensuring buildings are more resilient to the long-term environmental challenges. The deepening industry focus on enhancing resiliency in commercial real estate assets is resulting from the coordinated efforts of building owners, tenants, contractors and local authorities, according to CBRE’s Global Resilience & Property Management 2019 report.
The resilience of property portfolios to environmental stresses is a growing concern for real estate investors with a long-term horizon. According to survey respondents, key environmental considerations driving increased focus on building resilience in commercial real estate assets include:Resilience as a capital generator:Allowing buildings to sustain capital values and an uninterrupted flow of operating income following a catastrophic event. Future-proofing portfolios: Glo