BPI and CBRE have signed a collaboration agreement to support real estate investors in their sustainable transition, with a focus on the construction and renovation of commercial properties.
The agreement aims to assist clients of both organizations by providing specialized advisory services and solutions to improve the sustainability of their commercial properties. The goal is to achieve greater energy efficiency, meet decarbonization targets, reduce operational costs, and potentially enhance property ratings.
As part of this collaboration, the first phase will involve a preliminary analysis—at no cost to the client—to identify properties with the greatest transformation potential. Clients interested in moving to the second phase will undergo a technical analysis conducted by CBRE. This includes a proposal outlining sustainability improvement measures, an action plan, and the associated investment.
Francisco Horta e Costa, Managing Director of CBRE, highlights “the significant importance of ESG topics in the real estate market and the impact that a proper and sustainable ESG strategy has on asset valuation. Investors and tenants are paying a premium of between 10% and 15% to invest in or occupy sustainable buildings. On the other hand, besides the Green Premium, we now see obsolete buildings or those without sustainability measures being excluded from transactions or subject to a Brown Discount.”
To enable these projects, BPI facilitates access to financing solutions aligned with best environmental and social responsibility practices. Clients can benefit from financing conditions tailored to the specifics of each project, subject to risk assessment and pricing conditions agreed upon between the parties.
Ana Rosas Oliveira, Executive Board Member at BPI, reinforces that “sustainability is a fundamental pillar of BPI, and we are committed to supporting our clients on the path to carbon neutrality. Through green financing, we want to create conditions that allow our clients to achieve their sustainability goals.”
This agreement represents a significant step in promoting greater sustainability in the commercial real estate sector. It offers an integrated and efficient approach by combining CBRE’s expertise in real estate sustainability with BPI’s financial solutions.
(This article was originally posted in Portuguese)
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