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Within the office sector, occupiers can focus on higher-quality assets that possess green and sustainable features and establish a roadmap to adopt an ESG agenda from green buildings to energy audits, to green leases. Meanwhile, landlords can invest in smart and green buildings, including retrofitting older stock and prepare for new ESG requirements by embedding sustainability into every stage of the building life cycle. In the industrial and logistics sector, a paramount trend to watch is the sharper focus on ESG criteria, evident from 67% of occupiers believing that green or sustainability features will be more prominent in logistics facilities in the future in CBRE’s 2021 APAC Logistics Occupier Survey.
This report was originally published in https://apacresearch.cbre.
535 Asia Pacific-based investors participated in the survey, which asked respondents a range of questions regarding their buying appetite and preferred real estate strategies, sectors and markets for 2022. Investment sentiment towards Asia Pacific commercial real estate remains positive. A key finding is that investors continue to regard the incorporation of ESG criteria into investment strategies as critical to fulfilling regulatory requirements, preserving future asset value, protecting the environment and enhancing brand image. As a result, ESG criteria continue to gain traction among investors. Approaches include incorporating ESG into AEI and consulting external rating parties like GRESB when assessing potential acquisitions. More investors are also leveraging green financing for ESG upgrades as additional costs are required. These include developers, REITs and fund managers.
This report was originally published in https://apacresearch.cbre.
Ready or not, the metaverse is already a force to be reckoned with. This fast-evolving network of virtual spaces is not just defying physics – it’s set to redefine real estate as we know it.
The metaverse is a network of virtual spaces where people can socialise, play, work, and even own property. On this platform, billed as the next iteration of the internet, just about anything is possible – owning a Grand Slam tennis court in pixel form, becoming the virtual neighbour of millionaire celebrities, or acquiring a stake in a digital shopping mall selling high fashion.
But can virtual worlds generate tangible value for occupiers and investors? According to our experts, the answer is an emphatic yes.
Read MoreThis report was originally published in https://apacresearch.cbre.com/en/research-and-reports/Mainland-ChinaBriefFocus-on-supply-chain-resilience-set-to-boost-industrial-and-logistics-real-estat
Download the Report Read MoreThe Q4 2021 Knight Frank Data Centre Report continues our growing coverage of the Asia Pacific region. Market analysis includes both established data centre hubs such as Singapore, Hong Kong, Mumbai, Sydney, Seoul, and Tokyo; and fast growth markets including Hanoi, Bangkok, Shanghai, and Kuala Lumpur – to provide the most wide-ranging view of the region.
The momentum of Q3 carried into the fourth quarter, with several major announcements across key markets in Asia Pacific. Total supply (live, phased, and under construction) in APAC increased almost 185MW in Q4, bringing total capacity in the region to over 7,900MW. Take-up was around 120MW, moderating slightly from Q3 but in line with previous quarters. For the whole of 2021, IT capacity across APAC grew by over 1,500MW.
The gigawatt markets of Tokyo and Shanghai added significant capacity in 2021, adding between 300MW to 400MW each, to their respective markets. In Q4, AirTrunk’s TOK1 facility opened in Tokyo, with its first phase up to 60MW. STT also announced its plan for two data centres in Inzai totalling 60MW. In addition, Stack Infrastructure’s has plans for a 36MW campus, and Colt has secured land for two sites in Inzai and Northern Tokyo for 45MW.
The Chinese authorities have announced the setting up of four mega clusters of data centres in the north and west of the country. This was followed by an announcement of a further 10 national data centre clusters as part of a broader strategy to transport data from eastern regions of China to western regions for storage and calculation. On the back of government plans to classify data centres as infrastructure assets for easier access to funding, India also saw several major new investments into data centre platforms, including Hiranani-Yotta and Kotak-Sify.
In Southeast Asia, Singapore lifted its hold on new data centre builds after a two-year moratorium. Under a new pilot program, up to 60MW of capacity will be made available in 2022, to developments of between 10 to 30MW each. As part of the consideration, applicants for new data centre facilities will need to commit to achieving a PUE of below 1.3 and obtain Singapore’s Green Mark for Data Centres-Platinum certification – in addition to adding strategic value for Singapore. We expect this pathfinder approach to serve as a model to other countries looking to find the right balance between their digitalization and sustainability goals.
Growing interest is also seen in emerging APAC markets like Seoul, Osaka, Ho Chi Minh, and Bangkok.
This article was originally published in https://www.knightfrank.com/
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