GlobeSt.com: How much of your portfolio isgreen?
Schwartz: If you define green as being moreenergy-efficient, as reducing greenhouse gas emissions beyond whatis normal, I would argue that 100% of our development wouldclassify as sustainable. In every country where we develop--all22--we build to a higher standard than the average building in thatmarket, and with that comes significantly higher energy efficiency.An airtight building with less leakage of heating or airconditioning is an easy way to save massive amounts of energy and,of course, greenhouse gas emissions. It's a little more expensiveto build a higher-quality building, but we are building a long-termsustainability business on a global platform. That has to startwith a more sustainable footprint, even before you get to the otherthings that people think are a lot sexier and more exotic--solarpanels or wind turbines---all of which we do.
GlobeSt.com: Is it more problematic to build green inwarehouse/distribution than in other property classes?
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.