International property firm, Savills, has published a comprehensive analysis examining the impacts of climate change on the office property sector in the Netherlands. They have also released a critical map that shows the different levels of threat to various regions, serving as a crucial tool for property investors and developers.
Utilizing the Climate Vulnerability Index, a salient feature of their study, Savills has been able to calculate the potential dangers like floods, increased urban temperatures, and lack of nearby cooling facilities which could influence the attractiveness of office locales. This index points out the most endangered regions, helping those in the real estate market make knowledgeable decisions about where to put their money or where to build.
Market Intelligence Analyst Wouter van Grunewold from Savills in the Netherlands points out that they have recognized the top 15 office markets at greatest risk. He notes major cities like Amsterdam and Rotterdam are especially vulnerable to heat build-up in cities and flooding. He highlights that over 21% of the Dutch offices lack close access to cooling environments, stressing the importance of choosing the right location.
The research by Savills highlights the importance of adapting to these risks and implies that careful selection of location and forward-thinking property management are essential to keeping up real estate values in light of climatic changes.
Savills has prepared a full report and map for review, which is considered vital for those planning long-term and sustainable investments in the Netherlands’ real estate markets.
ESG Advisor Iris Kampers from Savills in the Netherlands emphasizes the significance of the report for those tasked with the strategic oversight and care of real estate assets. She underscores the urgency of active adherence to ESG (Environmental, Social, and Governance) standards in asset management to protect and potentially increase property values against the backdrop of climate uncertainty. Kampers hopes the Vulnerability Index will spur the adoption of strong ESG strategies that include preparations to address the disclosed dangers and promote sustainability in property investing.
