{"id":1788,"date":"2021-04-25T01:07:47","date_gmt":"2021-04-25T01:07:47","guid":{"rendered":"https:\/\/travelcommunication.net\/?p=27494"},"modified":"2021-04-25T01:07:47","modified_gmt":"2021-04-25T01:07:47","slug":"global-real-estate-ceos-plan-for-industry-transformation","status":"publish","type":"post","link":"https:\/\/www.top25golfcourses.com\/indonesia\/global-travel-news\/global-real-estate-ceos-plan-for-industry-transformation\/","title":{"rendered":"Global Real Estate CEOs Plan for Industry Transformation"},"content":{"rendered":"\n
\"Global<\/a> <\/div>\n

New York City, NY, United States, April 25, 2021 \/ TRAVELINDEX \/ The real estate industry needs to transform to serve the needs of people and cities in the next decade, according to a new report released today by the World Economic Forum. COVID-19 has revealed vulnerabilities throughout the real estate industry, ranging from indoor air quality problems to excess supply and accelerated underlying demand drivers, which need to be addressed for buildings and cities to be healthier, prosperous and more sustainable.<\/p>\n

\u2022 Discover the World\u2019s Most Expensive Villas \u2013 Top 25 Villas.<\/a><\/p>\n

The new World Economic Forum report, \u201cA Framework for the Future of Real Estate<\/strong><\/em>\u201d acts as a road map for industry change. Developed with global real estate chief executives, the framework provides a pathway to transform buildings and cities to become liveable, sustainable, resilient and affordable.<\/p>\n

\u201cReal estate stands at a crossroads as cities adjust to the new realities of a post-COVID era, climate change and the Fourth Industrial Revolution,\u201d said Jeff Merritt<\/strong>, Head of IoT and Urban Transformation at the World Economic Forum.\u00a0This transformation of real estate \u2013 and the market disruption that comes along with it \u2013 is long overdue but, if fully embraced, promises to help us all live healthier, happier and more connected lives.\u201d<\/p>\n

\u201cToday the real estate industry is facing challenges and consequently is given a chance to do better, to take more steps towards a healthier future and to make a global sustainable impact,\u201d says Coen van Oostrom<\/strong>, Founder and Chief Executive Officer, EDGE, OVG Real Estate. \u201cTo optimize buildings, not only should we rethink spaces, users\u2019 behaviours, and energy efficiency but we should also bring a stronger focus on redevelopment opportunities, circular economy, and digitalization. Let us stop waiting for others to set the example and start today, by committing to everyday incremental changes. Ultimately, we must keep a close eye on the bigger picture to be leaders in the transition to a more sustainable way of operating.\u201d<\/p>\n

For more than a decade, the real estate industry has experienced tremendous profitability with successful growth rates and rising investment volumes with\u00a0+14% compound annual growth rates. Initially, this success put less pressure on industry leaders to innovate, but now the industry is coming under pressure from consumers, investors and regulators to better serve the health and resilience of their communities. At the same time, the lasting effects of the pandemic and the acceleration of existing trends have brought the industry to a tipping point.<\/p>\n

\u2022 Discover the World\u2019s Most Exclusive Villas \u2013 Top 25 Villas.<\/a><\/p>\n

\u201cThe pandemic has accelerated changes in work and lifestyles that had already been gathering pace over recent years, driven in large part by new technology,\u201d said Christian Ulbrich, Global Chief Executive Officer and President, JLL. \u201cAs we plan for a sustainable global post-pandemic recovery, this World Economic Forum framework shows how our industry has a vital part to play in coming together to shape the future of real estate for a better world.\u201d<\/p>\n

The Future of Real Estate Framework identifies key enablers real estate leaders can use to ensure they are working throughout the industry to provide real estate options that are liveable, sustainable, resilient and affordable.<\/p>\n

Key enablers <\/strong><\/p>\n

    \n
  1. Accelerating digitalization and innovation<\/em> to address everything from construction costs to the occupant experience<\/li>\n
  2. Value-proof business cases <\/em>that are transparent and demonstrate a clear return on investment in relation to technology, sustainability and affordable housing<\/li>\n
  3. Prioritizing talent and knowledge <\/em>by upskilling existing workers and attracting talent dedicate to areas of innovation while ensuring diversity and inclusion<\/li>\n
  4. Engaging stakeholders<\/em>, throughout the industry value chain and within the local community, to ensure projects are mutually beneficial<\/li>\n
  5. Ensuring regulatory frameworks<\/em> effectively address supply challenges, sustainability goals and provide proper zoning and density<\/li>\n<\/ol>\n

    The framework also includes case studies from various real estate companies and exemplify the vision of the four key pillars of liveable, sustainable, resilient and affordable buildings and cities.<\/p>\n

    Industry action <\/strong>
    \nIndustry leaders have already taken decisive action towards transformation throughout the real estate industry. Gensler\u2019s GC3 Commitment aims to achieve net zero by 2030 in all Gensler projects and JLL\u2019s work with the Washington Metro will provide clean energy to more than 1,500 homes.<\/p>\n

    Swire Properties has joined the Business Ambition for 1.5\u00b0C campaign and Lendlease has pledged to harness\u00a0digitization\u00a0to be net carbon zero by 2025 and absolute carbon zero by 2040.<\/p>\n

    Majid Al Futtaim has become the first and only conglomerate in the world to achieve LEED Platinum certification for its entire portfolio of hotels.<\/p>\n

    Signify has embraced sustainability and resilience by developing and deploying\u00a0UV-C disinfection systems, an energy efficient and chemical-free way to sanitize buildings.<\/p>\n

    Schneider Electric has set clear, measurable 2025 targets around sustainability to achieve 80% green revenues, deliver 800 million tons of saved and avoided emissions to their customers and have 1000 of their top suppliers reduce emissions by 50% from their operations.<\/p>\n

    Learnings from these companies\u2019 initiatives and many others were used to help develop the Future of Real Estate Framework which aims to accelerate these types of transformation across the industry.<\/p>\n

    First published at TravelCommunication.net – Global Travel News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    New York City, NY, United States, April 25, 2021 \/ TRAVELINDEX \/ The real estate industry needs to transform to serve the needs of people and cities in the next decade, according to a new report released today by the World Economic Forum. COVID-19 has revealed vulnerabilities throughout the real estate industry, ranging from indoor …<\/p>\n","protected":false},"author":2,"featured_media":1789,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[105],"tags":[106,116,109,257,1007,110,310,117,483,121,118,119,111,1017,112,114,120],"class_list":["post-1788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-travel-news","tag-featured","tag-global-travel-news","tag-klaus-schwab","tag-lifestyle","tag-new-york","tag-news","tag-properties","tag-tourism-updates","tag-travel-and-tourism-foundation","tag-travel-news-hub","tag-travelindex","tag-unwto-news","tag-updates","tag-usa","tag-wef","tag-world-economic-forum","tag-wttc-news"],"_links":{"self":[{"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/posts\/1788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/comments?post=1788"}],"version-history":[{"count":0,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/posts\/1788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/media\/1789"}],"wp:attachment":[{"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/media?parent=1788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/categories?post=1788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.top25golfcourses.com\/indonesia\/wp-json\/wp\/v2\/tags?post=1788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}