Real estate investors seek legal assistance amid CO2 shock and renovation costs.

Real Estate Investors Turn to Lawyers After ‘Huge’ CO2 Shock ⁦@business⁩ #CMBS

-Some investors may be unable to afford the renovations needed

-Greener buildings, meanwhile, are fast gaining in value t.co/awZWoj91AJ

— Daniel McNamara (@danjmcnamara) March 24, 2024

Real estate investors already battered by high interest rates now face the prospect of significant writedowns triggered by new European regulations.

Property owners across the region will need to invest vast sums in renovations to ensure their buildings aren’t emitting illegal levels of carbon dioxide or consuming excessive amounts of energy, according to lawyers advising the sector.

www.bloomberg.com/news/articles/2024-03-24/real-estate-investors-sitting-on-huge-co2-risk-turn-to-lawyers