In London, climate change is increasingly reflected in how much it costs to buy or rent real estate.
Office space in the UK capital that’s classified as “green” by virtue of a sustainability certification commands a 20% premium over buildings without such labels, according to data compiled by property broker Jones Lang LaSalle Inc.
Richard Manley, chief sustainability officer at CPP Investments, the $570 billion investment arm of the Canada Pension Plan, says these price differentials are a sign that the corporate push to eliminate greenhouse gas emissions will soon feed into other asset prices that impact investor portfolios.
Real Estate Credit Investments Limited (LON:RECI) is a closed-end investment company that specialises in European real estate credit markets. Their primary objective is to provide attractive and stable returns to their shareholders, mainly in the form of quarterly dividends, by exposing them to a diversified portfolio of real estate credit investments.
