Credit Suisse and Coop agree green lease for 200,000 square meters
Credit Suisse Asset Management and the Swiss retail and wholesale company Coop have concluded a "green lease agreement" for more than 35 properties in Switzerland.
According to the information provided, the agreement covers more than 200,000 square meters of lettable space and relates not only to existing joint tenancies but also to future tenancies.
A "green lease" is a lease agreement that is geared towards sustainability and aims to reconcile the interests of tenants and landlords in terms of energy efficiency, water conservation and other measures in the construction, operation and use of commercial premises. It should enable the tenant to use the property as sustainably as possible and encourage the landlord to manage the property in an environmentally friendly manner. Both landlords and tenants can benefit from the advantages of optimization, according to the report. On the one hand, it is expected to increase the market attractiveness of the property, while on the other, it is expected to improve energy efficiency and lower ancillary costs.
At Credit Suisse Asset Management Global Real Estate, the introduction of green leases is taking place with a view to the net-zero greenhouse gas emissions target that the company has set itself for Scope 1 and Scope 2 emissions for 2040.
Coop is CS's largest tenant
"I am delighted that we have been able to win Coop, our largest tenant and long-standing partner, for a comprehensive green lease agreement," says Silvio Preisig, Co-Head Real Estate Switzerland. Others are now to follow. According to Christian Coppey, Head of Real Estate at Coop, Credit Suisse is the company's largest real estate partner. He speaks of an "important step in the area of sustainable real estate use". (aw)
