Cushman & Wakefield and USGBC Jointly Releases Green Financing Report on 2018 Greenbuild Event

Green Financing — Greenlighting Green Investment into Green Real Estate

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HONG KONG, CHINA –  Media
OutReach - 23 October 2018 -  Cushman & Wakefield,
a leading global real estate services firm, and US Green Building Council
(USGBC), jointly released the report: Green
Financing — Greenlighting Green Investment into Green Real Estate on 2018
Greenbuild China. From a global perspective, green financing is
progressively being utilised as a catalyst in the transition towards a greener
economy as it provides the necessary financial support for the development of
green projects, including green real estate. According to the report, to
preserve energy and natural resources, people, governments and corporations
around the world are now cooperating more closely together to generate more
sentience, establish “green” associated bodies and associations,
ratify laws and provide green financing.

 

Given the built environment’s
massive involvement in the diminution of natural resources and hastening of
climate change, many more property owners and users, today, are also convivial
to the idea of going “green”, and many have incorporated green
technology on and in their buildings to garner energy and natural resources
and/or conserve energy and natural resources.

 

Ahead in the short to medium
term, the built environment will continue to be one of the foremost emitters of
greenhouse gases and will be a large contributor to global warming. As a
greater number of people, governments and businesses understand this, so more
newly built buildings (and existing buildings) around the world, and in China,
will be obliged to install green technology systems that both garner and
preserve energy and natural resources in the future.

 

Mr Shaun Brodie, Cushman & Wakefield’s Senior Director, Head of Occupier
Research, Greater China said:
“Given the steadfastness of many governments around the world, including
the Chinese government, to environmental sustainability and the advancement of
green building development, we can anticipate a growing proportion of the built
environment to be green in the future. In conjunction with this, from the
commercial real estate viewpoint, as more building owners and space users start
to comprehend the many advantages that certified green commercial real estate
can provide, including financial benefits, so this mainspring will make sure
green commercial office, retail, industrial and hotel space is set to increase
in popularity in the years to come.”

 

Mr Andy To, Managing Director, North Asia of USGBC said: “As a major development plan for China,
‘Green Development’ has created a good basis for the green finance industry.
While green finance is promoting the vigorous development of green assets,
green building, as a kind of green assets, not only benefits from the
development of green finance, but also promotes relevant upstream and
downstream enterprises and industries, such as land, energy, materials and
buildings to accelerate their own sustainable development, from investment to
project formation, forming a virtuous circle.”

 

Mr Alton Wong, Cushman & Wakefield’s Head of Advisory Services,
Valuation and Advisory Services, Greater China, introduced Cushman & Wakefield’s smart building and green finance
services platform. This platform consists of real estate and financial
professionals from a number of fields, including senior engineers, various
green/healthy building certification specialists, project and construction
management consultants, property/facilities management specialists, chartered
financial analysts (CFAs) and chartered surveyors. In addition to our own
comprehensive platform across all service lines of business, the experts in
various fields provide a full range of solutions to achieve successful
investment, project management, leasing, property management and exist strategy
within the life cycle of every single real estate project.

 

Mr Wong said: “Our platform was
established with the goal of providing clients with a full spectrum of
solutions and relevant services in different stages of real estate projects
through a comprehensive platform across all service lines in the fields of
smart building, real estate and green finance, consequently achieving property
value enhancement, energy conservation and emission reduction, reduction of
financing and operating costs and increase of the overall return on investment.”

 

China has firmly established
itself as a global leader in green financing, with both domestic policies and
international leadership bringing real progress. For example, China has become
the second largest green bond issuer globally. In 2017, a total of 181 bonds
amounting to RMB248.6 billion (US$36.4 billion) were issued in China.

 

Sean Zhang, Cushman & Wakefield’s
Director & Head of Financial Advisory Services, China said: “With
China’s built environment in mind, as Quasi-REITs and two green CMBSs have been
efficaciously launched, we envisage more green real estate projects in the
region to exploit of these types of green financing mechanisms in the future.”

 

Please click
here to download the full report.

 

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global
real estate services firm that delivers exceptional value by putting ideas into
action for real estate occupiers and owners. Cushman & Wakefield is among
the largest real estate services firms with 48,000 employees in approximately
400 offices and 70 countries. Across Greater China, there are 20 offices
servicing the local market. The company won four of the top awards in the
Euromoney Survey 2017 & 2018 in the categories of Overall, Agency
Letting/Sales, Valuation and Research in China. In 2017, the firm had revenue
of $6.9 billion across core services of property, facilities and project
management, leasing, capital markets, advisory and other services. To learn
more, visit www.cushmanwakefield.com.hk or
follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china)