Resource conservation through capital expenditure in portfolio properties
Approx. EUR 15 million earmarked to optimise stock property
Frankfurt, 10 August 2022. As newly appointed Head of ESG at NAS Invest, Marco Lüder will guide the company’s future development on all aspects of sustainability. In this role, the 50-year-old real estate investment executive will introduce and implement mechanisms to take sustainability fully into account at both the portfolio and company levels. NAS Invest plans to invest some EUR 15 million into the revitalisation of its portfolio properties over the next 18 to 24 months. A significant part of this investment programme will be dedicated to ESG and certification measures. As a first step, several properties in the existing portfolio are to receive sustainability certification before the end of this year.
Marco Lüder has been working for the Frankfurt-based investment and asset management group since 2016 and is taking on this new role in addition to his position as Managing Director and Head of Asset Management at NAS. Previously, he served as Managing Director and Head of Germany for the German subsidiary of UK-based Rynda.
Against the backdrop of increasingly scarce raw materials and rising construction prices, NAS Invest attaches great importance to effective practice-proven measures and to resource conservation as it implements ESG improvements across its office and commercial property portfolio, which comprises roughly 150,000 sqm. of rental space. NAS Invest is also currently developing a target system to guide its implementation of ESG measures to help it best achieve CO2 savings at the company level.
“Our target system for optimizing our property portfolio reconciles various aspects including energy efficiency, resource consumption and cost effectiveness,” says Marco Lüder. “We see significant potential to help protect our environment and conserve natural resources through upgrades to existing buildings because of the large advantage in resource consumption compared to new developments. At the same time, we are not only committing NAS Invest but also increasingly our business partners to fully meet current and future ESG standards.”
As a property investor and investment manager with a historically proven track record, NAS Invest sources, structures and manages real estate investments in the role of General Partner and Sponsor for its co-investing institutional and semi-institutional clients. Via its offices in Berlin, Frankfurt, Copenhagen, Luxembourg and Zurich, the main investment focus for NAS Invest lies in commercial real estate opportunities located in the most rapidly developing cities and metropolitan areas in Germany and Northern Europe.
More information may be found at: www.nas-invest.com