Nearly one in 10 Apac Reit assets at high risk from climate change: report
Coastal inundation and flooding will drive hazards across Apac region from now until the end of the century, it says
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CLOSE to one in 10 assets belonging to real estate investment trusts (Reits) across Asia-Pacific (Apac) will be at high risk from the effects of climate change and extreme weather by 2050.
This is according to a report published on Wednesday (May 22) by XDI (Cross Dependency Initiative), a company which provides analysis in physical climate risk.
XDI said coastal inundation and flooding will drive hazards across the Apac region from now until the end of the century.
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