Palace Capital drives ESG agenda across regional office portfolio

Set to sell £46.5m industrial portfolio

clock • 1 min read
Industrial portfolio valued at £46.5m as of 31 March 2022.

Industrial portfolio valued at £46.5m as of 31 March 2022.

Regional property investor Palace Capital is driving an ESG agenda across its portfolio of regional offices, adding value in buildings with low EPC ratings through refurbishment and financing and selling its £46.5m industrial portfolio.

It aims to attribute offices, such as D (brown) rated buildings, with higher ratings (B, green offices), improving their carbon footprint, generating income and capital value and reducing the risk of obsolescence. According to the firm, to execute the move, its seven-strong industrial portfolio, which was valued at £46.5m as of 31 March 2022, will be sold. It will re-invest the funds to improve its existing regional portfolio and invest in new opportunities in the market that offer ESG enhancing qualities. Gravis Capital Management looks to IPO co-living REIT The company's inter...

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