CO2 reduction is driving the real estate market
Beat Huber sees energy saving and CO2 reduction as the driving force behind the further development of the Swiss real estate market. In the interview, the new Vice President of the Board of Directors at HKG expects an impulse from the CO2 Act.
In an interview , the new Vice Chairman of the Board of Directors of Herzog Kull Group Holding AG ( HKG ) puts buildings, structural measures and sustainable building management in the focus of the discussion about reducing CO2 emissions. "With increasing penalties for CO2 emissions, owners of real estate portfolios are increasingly coming under pressure," Beat Huber is quoted as saying. Investors, but also tenants, would place higher demands on energy efficiency and ecological energy supply. Electricity from your own roof and ecological heat supply would be standard in many buildings in the future.
Huber, who is a proven energy specialist, expects that the new CO2 law will certainly accelerate development in Switzerland. Because of the lower energy costs here compared to other countries, cost savings were not a particular issue in the past. That has changed due to the pressure to save CO2. In Switzerland there are currently a lot of efforts, new services and companies around the topic of building technology.
In Huber's opinion, financial incentives or taxes in the event of excessively high CO2 values will mean that in the future a property with a solar system and ecological heat supply will no longer be a particularly attractive offer. Instead, you will be “punished by investors and tenants if you cannot offer or have implemented this,” Huber is quoted as saying. These expectations will trigger many investments in real estate and areas. “Large property portfolio owners are currently analyzing their properties with regard to reducing CO2 and making funds available.” He sees great potential for corresponding services, such as those already offered by HKG.