logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
Korea
  • Global
  • United States
  • Angola
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Morocco
  • Netherlands
  • New Zealand
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • Slovakia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
English
  • English
  • Korean
+822 2170 5800
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Lines
      • Advisory & Transaction Services
      • Capital Markets
      • Global Workplace Solutions
      • Investment Management (CBRE Global Investors)
      • Property Management
      • Valuation & Advisory Services
    • Industries & Specialties
      • Office
      • Industrial & Logistics
      • Retail
      • Hotels
      • Sustainability
      • Flexible Workspace
    • Services for Investors
      • Capital Advisors
      • Construction Management & Advisory
      • Consulting
      • Host
      • Institutional Investments
      • International Investments
      • Leasing & Advisory
      • Property Management
      • Property Sales
      • Valuation & Advisory
    • Services for Occupiers
      • Enterprise Facilities Management
      • Host
      • Leasing & Advisory
      • Occupier Consulting
      • Portfolio Services
      • Project Management
      • Transaction Management
      • Valuation & Advisory
      • Workplace
  • Research & Reports
    • About Research
      Korea Research Archives
      Asia Pacific Research
      Global Research Gateway
      Global Research Gateway Support
  • People & Offices
    • Korea Office
      Leadership Team
  • About CBRE
    • Corporate Information
      Corporate Responsibility
      Case Studies
      Investor Relations
      Media Centre
      Asia Media Centre
      Client Tools
      Careers

Next

ASIA PACIFIC INVESTORS PLAN TO INCREASE PURCHASES OF REAL ESTATE IN 2021
  • Home
  • About CBRE
  • Media Centre
  • Sustainable Property Investment On The Rise In Asia As Region Outperforms North America For First Time

Sustainable Property Investment On The Rise In Asia As Region Outperforms North America For First Time

September 4, 2014
  • Email
  • Share
  • Tweet
  • Share

The 2014 GRESB Survey results show Pacific still clear global leaders on sustainable investment while Asia is only just behind Europe in third place

Singapore, 4th September, 2014 – The findings of the Global Real Estate Sustainability Benchmark (‘GRESB’) 2014 survey, released at an Asia Pacific sustainable property investment symposium organized by CBRE in Singapore today, noted that real estate investors and developers in Asia are making significant progress in integrating sustainability into the management and operations of their portfolios. The overall GRESB score for GRESB’s Asia participants increased by 23 per cent to 46 per cent, nudging past North America for the first time (with an overall score of 44 per cent). Pacific still leads the world with an overall GRESB score of 61, with 65 per cent of total participants being ranked as “Green Stars”, compared with 35 per cent of participants in Asia.

This year’s GRESB Asia response rate increased by 24 per cent with a total of 92 participants, mostly in Japan (31), China (21), and Singapore (13). Asia performed quite strongly in the area of Monitoring and Environmental Management Systems but, along with Pacific, still lag behind the North America and Europe in the area of green building certification.

Tim Shen, CBRE’s Head of Sustainability in Asia said “It is very encouraging that there was a significant increase in the measurement and performance aspects of the Asian funds from last year. It shows that this sustainability is not a fad in real estate but a strategic issue with long-term implications. The key areas of opportunity will be around greening of existing buildings, improved stakeholder engagement, particularly landlords working with tenants to mitigate the negative environmental and social impacts. CBRE expects increased participation from Asian companies in next year’s survey”.

A panel of international experts from CapitaLand, UBS, M&G Real Estate, the Singapore Building Construction Authority, and CBRE, discussed various aspects of sustainable real estate that are promoted by GRESB. The panel discussed the future of green leases taking off in Asia. Light green leases with no penalties involved will become increasingly common but based on the experiences in Europe and Australia, legislation will be required to drive deep green leases. Light green clauses are not legally binding and are usually limited to improved energy efficiency, encouraging the tenant to maintain the energy performance of the building. Dark green clauses are usually legally binding and require a commitment by the tenant to uphold agreed environmental targets such as energy or waste targets.

Another area of opportunity identified was the green certification of existing buildings through the improvement of operation and maintenance aspects rather than more expensive system upgrades and building retrofits. This is an area in which CBRE is seeing increasing interest from building owners across Asia where it is being engaged to advise clients on LEED certification for existing buildings.

Disclaimer:

Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
 

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.​

​​

Media Contacts

Kayla Ryu
Kayla Ryu
Senior Manager
Korea
Marketing & Communications
+82 2 2170 5850
  • Corporate Information
  • Corporate Responsibility
  • Media Centre
  • About Us
  • Careers
  • People & Offices
  • Leadership Team
  • Investor Relations
  • Contact Us
  • Global Web Privacy and Cookie Policy
  • Sitemap
  • Disclaimer
  • Terms of Use
  • LinkedIn
  • Twitter
  • Facebook
  • Youtube
  • Instagram
  • Naver /-/media/images/social/custom/naver-social-meida-icon.png