Residential investors trade profit for emissions cuts

Investors would sacrifice returns in exchange for environmental benefits when investing in multi-family property, where opportunities to repurpose buildings, rather than build from scratch, can drastically reduce their carbon footprint, according to a real estate expert. “For redevelopment, in the short-term, you may give up some return, but you have the ability [to absorb that] as longer-term investor,” Robert-Jan Foortse, APG’s head of European real estate, told AsianInvestor. …