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This article was originally published in https://en.savills.com.cn/
Download the Report Read MoreThe past two years have seen an unprecedented degree of disruption—from the pandemic to climate-related events to social justice protests. This convergence of global challenges has heightened focus on the environmental, social and governance (ESG) issues and trained a spotlight on corporate real estate (CRE) leaders' purpose and mission.
This article was originally published in https://www.cbre.com/
Download the Report Read More2020 was a watershed year for Environmental, Social and Governance (ESG) investing in real estate as pandemic- and climate-related disruption, along with growing recognition of social inequity, prompted investors to adopt a more robust approach to sustainability-related risks.
60% of respondents to CBRE’s 2021 Global Investor Intentions Survey stated that they have already adopted ESG criteria as part of their investment strategies, with the Americas, EMEA and Asia-Pacific all recording a stronger focus on ESG issues than in previous years.
With ESG now playing a much more prominent role in how companies operate, investors are embedding ESG considerations into every stage of the property lifecycle, from due diligence to acquisitions and from leasing to asset management.
This article was originally published in https://www.cbre.com/
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China’s 14th Five-Year Plan (FYP) includes a number of socioeconomic goals. Three areas which the plan is looking to further improve upon are:
This article was originally published in https://www.cushmanwakefield.com.cn/en/
Download the Report Read MoreOffice net absorption hits record high; New infrastructure emerges as investment focus
OFFICE
Overall net absorption increased by 18% q-o-q to 352,700 sq. m., a record high. TMT firms contributed 43% of total new leasing volume as several leading companies in the sector completed large-size transactions. Four new office buildings providing a total GFA of 283,000 sq. m. were completed in the CBD and Lize.
RETAIL
New supply in Q3 2021 included the 105,000 sq. m. GFA Xiyue Paradise Walk, which come on stream fully leased. F&B retailers remained active, led by coffee and tea brands. Six projects providing a total GFA of 369,000 sq. m. are scheduled to come on stream in the next six months.
LOGISTICS
No new logistics supply was added to the market this quarter. Demand continued to be led by e-commerce platforms and Third-Party Logistics (3PL) firms. Two new logistics facilities are scheduled to be completed over the next six months, providing a total GFA of 117,000 sq. m..
BUSINESS PARK
Three new projects in Z-Park, Fengtai and BDA area were delivered to the market this quarter, providing a total GFA of 594,000 sq. m.. TMT continued to drive demand for business park space, with traditional internet companies and integrated circuit firms most active.
INVESTMENT
Eleven investment transactions were closed in Q3 2021, totalling RMB 8.1 billion. As all deals were below RMB 2 billion and eight were below RMB 1 billion, total investment volume declined q-o-q, while y-t-d investment volume remained flat y-o-y. Assets related to ‘new infrastructure’, such as data centres, were keenly sought-after, accounting for 21% of total investment volume this quarter.
This article was originally published in https://www.cbre.com/
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