On 8 June, I had the opportunity to take part in a panel discussion at the FIABCI Congress, held in Paris. The topic for discussion was how do we add value in real estate while also improving the lives of end-users. Here I provide some of my thoughts on this topic. Context
I view value through the lens of Environment, Social, and Governance (ESG) considerations. I work with companies across the built environment to focus on how they create value. The end-user, whether this be occupiers, local communities, or employees, have to be very much part of the conversations on what constitutes value.
Making the case
The view of value in purely financial terms in real estate and the wider built environment is too narrow. Value needs to be considered in the context of the extent to which activities improve social, environmental and economic wellbeing. And this involves engagement from every discipline including for example, engineers, architects, designers, planners, builders, asset owners and managers. The priority...