Colm Lauder: ESG has pushed old offices out of fashion, but presents an opportunity for investors

Our new columnist, Goodbody’s former head of real estate equity research, on the question he asks new investors and the surprising answer they give

Office investments used to be all about location, location, location. Now, many institutions would rather dispose of older, well-located offices as holding on to these drags down their ESG scores

As another UN Climate Change Conference, Cop 28, comes to a lacklustre close in Dubai, with key elements again watered down by vested interests, it is worth relating this back to property, and particularly the office sector.

In most major cities, including Dublin and London, office markets are dramatically polarised, by both investors and occupiers, between new stock (green) and old stock (not so green). But this comes at a time when demand, especially from ...