“Society faces many challenges and investors can be part of the solution,” writes Nuveen Real Estate in its latest insight report, ‘Making an Impact’, published in partnership with MIPIM, the world’s leading real estate event.
Launched this April, in the days following MIPIM 2022, the report offers a series of insightful articles that look at how the real estate industry can make a difference in society by going beyond the basic principles of ESG.
Nuveen Real Estate is one of the largest investment managers in the world, with US$152bn of assets under management, and employing 725 people in 30 cities across the US, Europe and Asia Pacific.
In the introduction to ‘Making an Impact’, Abigail Dean, global head of strategic insights at Nuveen Real Estate, writes: “Citizens, governments and investors are now demanding new solutions from the real estate industry, the success of which is measured in more than just financial outcomes.”
‘Making an Impact’ also captures key takeaways from MIPIM 2022. Nicolas Kozubek, MIPIM director, says: “Sustainability and the environment, and social and governance issues were at the heart of many of the debates across MIPIM 2022’s conference programme, which this year took place under the theme ‘Driving Urban Change’.”
The report is divided into seven key sections:
SUCCESSFUL IMPACT INVESTING IN REAL ESTATE:
Find out about Nuveen’s six-step process for successful impact investing on page 4.
IMPACTING INVESTING IN PRACTICE
The report highlights the risk of economic exclusion in some of Europe’s most successful cities on page 6, as well as looking at the examples of Nuveen’s impact studies carried out in the UK and German markets on pages 8-9.
TRANSITIONING TO A NET ZERO CARBON PORTFOLIO:
Nuveen is looking to reach net zero carbon by 2040 across its entire investment portfolio. Read the interview with Abigail Dean, a MIPIM 2022 speaker, on page 10 of the report.
‘MIPIM talk’: “The key challenges [for delivering net zero carbon real estate]were identified as occupier engagement, the skills gap throughout the supply chain and a lack of clarity on definitions.
PROPTECH GROWS UP:
Jeanne Casey, global head of prop tech at Nuveen, writes: “We can expect a mature definition of proptech to include technologies that improve the real estate industry, making it more efficient, sustainable and accessible.”
BACK TO (HYBRID) WORK?
Andy Schofield, director of European research at Nuveen, looks in the rear-view mirror at the return to the workplace … and then shares what it means for the future of the office.
MIPIM talk: “It was recognised that most workers prefer at least some time in the office and the hybrid model is expected to win out.
ANALYSING GLOBAL CITIES IN THE 2020s:
“The pandemic has accelerated trends that will have a lasting impact on our lives and cities worldwide,” write joint authors Jayanth Ganesan, Stefan Wundrak and Harry Tan. Check out the chart on page 17 of the report showing real estate total return correlations 2001-2020 by sector and global region.
RISING RATES, INFLATION & REAL ESTATE:
The conclusion of this article by Stefan Wundrak, head of European research at Nuveen, is: “Diversification can be the best protection against inflation.” The chart on page 19 maps out how landlords have pricing power in the majority of US and EU markets.
Download the free 24-page report released by Nuveen Real Estate and MIPIM and discover how the real estate industry can make a difference in society. Fill out the form to download this exclusive content for free >>>
You may also be interested in:
- The MIPIM white paper on The Race to Carbon Zero: decarbonising real estate
- MIPIM World talks with Hélène Chartier of C40: “7 examples of reinventing cities to be low carbon”
- MIPIM World’s interview with Peter Cosmetatos of CREFC Europe on green finance
- The wrap on the third day of MIPIM 2022, ‘Driving Urban Change’