The majority (80 percent) of European commercial real estate asset managers are accelerating plans to improve energy efficiency across their property portfolios to help deal with the energy crisis and rising energy bills.
The new research by Deepki, an ESG data intelligence firm which surveyed 250 European commercial real estate asset managers in the U.K., Germany, France, Spain and Italy (50 respondents per market) in October 2022, also highlighted the huge energy cost increases asset managers are experiencing within their portfolios.
Over half (53 percent) of those surveyed said they had seen energy costs rise by over 51 percent across their commercial real estate portfolios. Of these, 18 percent cited a massive increase of between 71 percent and 90 percent in the cost of their energy.
The need for more energy efficient commercial buildings is also highlighted by the increase in green premia – the higher pricing power of more sustainable buildings. The resea