Madrid’s ‘Faro’ building undergoing green refurbishments which include rebuilding the entire single-glazed facade.
Source: ArdianESG & Investing
The 'Irresistible' Real Estate Bet Gripping Investors
Investors are betting that flipping brown buildings into green properties has the potential to become a hugely profitable business.
There’s a niche corner of dealmaking that’s quietly making inroads in the battered market for commercial real estate.
It involves buying buildings with big carbon footprints and investing in green refurbishments. Asset managers Bloomberg interviewed spoke of doubling their clients’ money in just a few years by renovating older buildings, adding 20% to rents and then cashing in on gains when they sell.