Retail tenants are putting more pressure on landlords and beginning to have more leeway to find green buildings...
It’s going to be one choppy week for financial markets, hold onto your seats!
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Not only are government regulations putting pressure on RE owners to revamp and “green up” their spaces, many tenants are now demanding sustainable buildouts. Retail tenants, who have increasingly sustainable values to align with their leadership and consumer base, are putting the pressure on landlords. According to Kimco’s head of ESG, what used to be a luxury “is growing into an expectation.”
Deals & Developments
Palari Group, a 3D printing home builder, announced a partnership with developer SML to back their 200 home community just outside of Palm Springs. Through componentization of different 3D parts and the integration of Tesla solar and battery technology, Palari will be able to complete each home within three weeks, delivering a carbon neutral final product.
As a part of US HUD’s Innovative Housing Showcase, several manufactured home companies, including affordable 3D printer, Black Buffalo, and designer villa builder, Tomu, displayed their products in an effort to destigmatize affordable manufactured housing.
Prefab/manufactured structures… but not for residential use. Nexii, now valued at over $2B, is looking to shake up the way retail tenants build their buildings. They’ve also partnered with Courtyard Marriott to build a hotel. Nexxi is looking to grow strategically, attempting to avoid another instance of a Katerra flop.
A group called Client Earth is alleging that the UK’s net-zero strategy will fall far short of its own stated goals. The group asserting that the UK has breached its legal duties under the 2008 Climate Change Act. The judge is now assessing arguments with a decision revealed in the coming months.
Fact for Thought
A study published by Market Watch found that home construction costs increased by 42% from 2018 to 2021.
Let us know what’s up!