WATCH: How climate change puts real estate at risk

CBRE Global Advisors’ Sasha Njagulj explains how to climate will affect financing, valuation, and more

National /
May.May 12, 2021 08:30 AM

Where should you invest when seas are rising, temperatures and going up, and extreme weather events are looming?

“There is no place on earth that is completely safe and no risk,” CBRE Global Investors’ Aleksandra (Sasha) Njagulj said in the latest installation of TRD Tips. “It doesn’t really depend that much on the building type or use… where the risks become more complex is actually infrastructure.”

Njagulj, who oversees CBRE’s Environmental, Social, and Governance team, says investigating the risks climate change poses is a necessary step before any investment. But mitigating these risks “is also an opportunity.”

The ESG group has invested in a number of historic properties which have seen “much, much better valuations” after retrofitting for new technologies and improved sustainability.

TRD spoke with Njagulj in London to understand how she analyzes the risk that climate change presents for the world’s largest asset class. Right now, she said, the greatest dangers include “wildfires, from Australia to California, flooding risks anywhere in Europe, U.K., risk from typhoons in Asia,” and more.

Watch the video above to understand how to assess a property’s risk to climate change.


Related Articles

arrow_forward_ios
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
Compass, Video, Earnings
Watch: Breaking down the Compass state of play
Watch: Breaking down the Compass state of play
Street Partnership's Dan Biederman with Herald Square
“We’re not alarmed:” Herald Square retail in reverse
“We’re not alarmed:” Herald Square retail in reverse
Paycheck potential: A look at real estate’s top earners
Paycheck potential: A look at real estate’s top earners
Paycheck potential: A look at real estate’s top earners
SpringHealth CEO April Koh, 60 Madison Avenue and Moinian Group’s Joseph Moinian (SpringHealth, VTS, Moinian)
Youngest female unicorn CEO moves startup to Moinian’s 60 Madison Avenue
Youngest female unicorn CEO moves startup to Moinian’s 60 Madison Avenue
CBRE CEO Bob Sulentic (Illustration by The Real Deal with Getty, CBRE)
Inside CBRE: How much do pros at the brokerage powerhouse make?
Inside CBRE: How much do pros at the brokerage powerhouse make?
CBRE's Chuck Leitner with the Brooklyn Logistics Center (CBRE, MarchAssociates Construction)
CBRE arm scores $106M refi for Amazon-operated warehouses
CBRE arm scores $106M refi for Amazon-operated warehouses
Photo illustration of Carlyle's David Rubenstein and Jason Hart (Illustration by Kevin Rebong for The Real Deal)
Watch: Uncovering Carlyle’s Brooklyn buying spree
Watch: Uncovering Carlyle’s Brooklyn buying spree
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...