More than three quarters (76 percent) of European institutional investors with stranded commercial real estate assets — buildings experiencing reduced capital value, leasing or future liquidity due to poor energy performance — have seen their value decline by between 20 percent and 40 percent over the past three years.
This is according to new benchmarking research launched ahead of global real estate event MIPIM by re:sustain, the leading science-based technology platform which optimizes the energy consumption of real estate assets. Re:sustain surveyed 200 European real estate institutional asset managers in the United Kingdom Germany, France, Netherlands, Spain and Italy, with a combined AUM of €296 billion.
Two-thirds of those surveyed (63 percent) said 20 percent to 40 percent of their commercial real estate portfolio has poor energy consumption, i.e. that which is materially above expected energy benchmarks for that asset type and location. More than half 57
