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.
Image:

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...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Property

David Coombs, head of multi-asset at Rathbones Unit Trust Management

Rathbones' Coombs: Multi-asset funds 'called it right' but unable to combat hardship

Rathbone Multi-Asset Strategic Growth

clock 05 August 2022 • 3 min read
Deep Dive Property: Not the same situation as 2008

Deep Dive: Property markets in this recession are not like 2008

Property acting more like a bond

clock 05 August 2022 • 5 min read
GMAP Dynamic also received a red rating

Property fund raises red flags at Royal London

Assessment of Value report

James Baxter-Derrington
clock 04 August 2022 • 2 min read
Trustpilot