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Commercial Properties Are Fast Becoming Stranded Across Europe [Financial Post (Toronto, Ontario, Canada)]

ING Group, N.V. (ING) 
US:NYSE Investor Relations: ing.com/investor-relations.htm
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Fund managers overseeing commercial real estate say significant chunks of their portfolios hold assets that can now be considered stranded due to energy-efficiency requirements being rolled out in Europe. A study published by Deepki, a data intelligence firm that focuses on energy efficiency, found that more than half of the roughly 250 European commercial real estate portfolio managers surveyed acknowledge that more than 30% of their assets are currently stranded. Article content “These are buildings that have lost their value due to poor energy performance,” the authors wrote in their report published on Wednesday. The asset managers, who oversee a combined €226 billion ($242 billion) in the UK, Germany, France, Spain and Italy, are responding to stricter energy-efficiency requirements that are only now taking effect. The European Union just p Show less Read more
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