Great Portland Estates has joined forces with five other European REITs to create a new sustainability and innovation think tank.
It has teamed up with Alstria, COIMA RES, Colonial, Gecina and NSI to create a forum that will be “a framework for research projects, and any other initiative aimed at strengthening their capacity for innovation and implementing sustainability best practices”.
With a company each from the UK, the Netherlands, France, Germany, Italy and Spain, it is hoped that their breadth of experience will allow them to take a pan-European view on major issues.
In a joint statement, chief executives Olivier Elamine, Manfredi Catella, Pere Viñolas Serra, Méka Brunel, Toby Courtauld and Bernd Stahli said:
“The real estate industry faces some major changes in terms of the expectations of its customers and prospects and it is also witnessing a genuine technological revolution. The idea to bring together the research and best practices of major European operators such as Alstria, COIMA RES, Colonial, Gecina, Great Portland Estates and NSI illustrates the conviction that concrete initiatives will be triggered by carrying out joint research and exchanging experiences from our respective markets and projects.”
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