According to M&G Real Estate’s green buildings study, a portfolio of certified buildings experiences relatively higher operating expenses, but can also generate higher rental income and higher cash flows for distribution to investors. The study also highlights a growing trend among European lenders offering a margin discount to borrowers provided they commit to reducing energy usage within their buildings. Thus lower interest rate expenses could further enhance a fund’s distribution yield.  Lastly the study argues that a certified property portfolio carries less systematic risk, reflected in more stable occupancy rates and lower variation in operating expenses. The panel will go on to debate whether investment managers should adapt underwriting assumptions for certified buildings.

Date:               Tuesday, 2nd April 2019
Registration:     6.00 pm
Presentation:    6.30pm
Networking:     7.30pm
Venue:             M&G, Governors House, Laurence Pountney Hill, London, EC4R 0HH

Welcome and Introduction by:
John Forbes, Chair, ULI Capital Markets Forum

Presentation by:
Vanessa Muscara, Associate Director, M&G Real Estate
Alex Lund, Senior Associate, M&G Real Estate

Moderated by:
Jon Lovell, Director, Hillbreak

Panellists:
Vanessa Muscara, Associate Director, M&G Real Estate
Lucy Winterburn, Director of Investments, Savills Investment Management
Abigail Dean, Head of Sustainability, Nuveen Real Estate
Dan Grandage, Head of ESG, Aberdeen Standard Investments

The evening will conclude with networking and refreshments.

This event is kindly hosted by M&G.