Allianz, APG in drive to cut Asia property emissions

Institutional investors investing in property are expanding the use of green leases in Asia and Europe to help reduce the emissions footprint of buildings they own, even as challenges persist in certain sectors, such as cold storage logistics and data centres, where energy use is high. Suat Ghee Ong, head of asset management in Asia at Allianz Real Estate in Singapore, who manages the entity’s decarbonisation project in Asia, told AsianInvestor that green leases with tenants acros…