Ensuring new buildings are sustainable and energy efficient is key to global efforts to tackle climate change. Sustainability in modern offices takes many forms but has been predominantly introduced at design stage, rather than through renovations. What does this mean for older, less sustainable buildings that are not up to spec from a sustainability perspective?
With awareness of climate change and sustainability at an all-time high and Ireland’s ambitious Climate Act actively pushing to Net Zero emissions, the real estate choices that an investor or occupier makes will either enable their net zero carbon journey or obstruct it.
In this publication, Michael Armstrong, Director, Debt Advisory and Rebekah Mulryan, Manager, Debt Advisory, EY Ireland, take a closer look at the debt financing required to fund the green transition in commercial real estate and the resulting escalation of stranded assets amid that transition.