Investor views on adaptive reuse
Repositioning, rebuilding and repurposing real estate have arguably never been more important than they are today. Which properties are the most adaptive in the current environment? How does repurposing vary across the globe? And how important will the repurposing of real estate become in the race toward net zero?
These and other questions were addressed in a recent virtual roundtable with institutional investors, consultants and investment managers held by Institutional Real Estate, Inc. on adaptive reuse. The in-depth strategy session was moderated by Reno Sio, managing director, Asia Pacific, at IREI.
Key takeaways include the following:The post-pandemic return to office has been slow in some parts of the world (North America and Europe) but not others (Asia), making it hard for investors to know what to do with office assets in their portfolios. Hybrid working arrangements and corporate downsizing (of employees and office space) are ongoing concerns.