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Private credit for real estate boosting green building premium

Commercial banks are trying to reduce their exposure to commercial real estate

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Joan Ng

Joan Ng

Published Wed, Apr 24, 2024 · 05:00 AM
    • An outdoor seating area at commercial building CapitaSpring in Singapore. Industry players say office tenants are looking for buildings that are energy efficient, have good amenities and are in easy-to-reach locations.
    • An outdoor seating area at commercial building CapitaSpring in Singapore. Industry players say office tenants are looking for buildings that are energy efficient, have good amenities and are in easy-to-reach locations. PHOTO: BT FILE

    PREMIUMS are piling on for greener or climate-adapted buildings, as private credit funds swoop in to refinance floundering commercial real estate (CRE).

    Industry players said the private credit industry is focused on risks from climate change, such as flooding and rising temperatures, and seeking out best-in-class buildings that are energy efficient or have lower emissions.

    The CRE market has been in a bad place for some months, particularly in the United States and Europe, as offices emptied out by the pandemic refused to fill up again.

    Private creditESGCommercial property

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