Report Quantifies Climate Resilience Value for Shanghai Real Estate
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Hongkong Land published a report, developed with Marsh, that quantifies the financial return on climate resilience in real estate. The case study, Westbund Central, a mixed-use waterfront property in Shanghai, showed that its resilience measures cut expected storm-surge losses by 84% and rainfall-flood losses by 88% under current conditions. The report also noted that the property's resilience measures are expected to keep losses in 2050 below those of an unprotected building.
From manilatimes.net
Why it matters
The findings establish a method for putting a financial value on climate resilience, helping to close the valuation gap in the industry. The report suggests that climate risk is now influencing how real estate is assessed, financed, and insured.
From manilatimes.net
Who's involved
- MarshCollaborated with Hongkong Land to publish the report on climate resilience.
- Hongkong LandOwner of Westbund Central, the mixed-use waterfront property used in the case study.
- ShanghaiLocation of the Westbund Central property and the subject of the new valuation metric.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Hongkong LandSpeculative
Hongkong Land could improve asset valuation and financing by validating its resilience measures.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- New climate resilience valuation may boost Marsh & McLennan's market standingNew climate resilience valuation may boost Marsh & McLennan's market standingLikely
- New climate resilience valuation may change Hong Kong's real estate standardsNew climate resilience valuation method may reshape regional real estate standards.Possible
- Quantified resilience value may strengthen Jardine Matheson's investmentJardine Matheson benefits from quantified resilience value of major Shanghai assetPossible
- Climate resilience valuation may boost QIA's investment in Hongkong LandQIA's investment in Hongkong Land benefits from improved climate risk assessment.Possible
- New climate valuation standard may challenge Aon plc's risk servicesNew climate resilience valuation standard may increase competitive pressure on Aon plcPossible
Keep exploring
The entities involved
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Marsh
professional services company
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Hongkong Land
Hong Kong real estate company
Nothing else this week.
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Shanghai
provincial-level municipality in China