The BBP continues to extend its impact in providing best-practice guidance for the real estate market with the recent translation of one of it’s toolkits for the French real estate market.
The BBP partnered with the OID, who adapted the BBP Acquisitions Sustainability Toolkit to make it applicable for the French real estate market via the launch of their own guide - Acquisition: le guide pour la due diligence responsible.
Thanks to the work of the OID, commercial property owners seeking to review sustainability risks and opportunities as part of the acquisition process, when acquiring commercial property in France, now have bespoke guidance available to them.
Both the BBP and OID share many of the same aims and aspirations. Since 2015, the two organisations have forged a strong and meaningful relationship based on sharing knowledge of their respective geographies, however, this is the first time the two organisations have collaborated in producing a shared output.
“We’re delighted that our work has been adapted by the OID for the French real estate market. A key remit of the BBP is to drive change throughout the commercial real estate sector, and this is a perfect example that demonstrates how the two organisations can complement and build on each other's work and increase their reach beyond their targeted sectors. I hope this is welcomed by both the French and UK real estate market, and the start of further joint projects together.” said Chris Botten, Programme Manager, Better Buildings Partnership.
“With sustainability becoming ever more important to our investors and occupiers, it is only natural that such considerations are reflected in the decision-making process when purchasing a new property. Our collaboration helps create a standardise approach across international real estate markets, simplifying the process of buying and selling properties across multiple countries, such as ourselves at Aberdeen Standard Investment.” Said Dan Grandage, Head of ESG, Real Estate, Aberdeen Standard Investments and chair of the BBP Investment Working Group responsible for developing the BBP Acquisitions Sustainability Toolkit.