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Swiss Life Asset Managers assessed the physical climate risks of a 1992 office building in Paris while operating under strict CAPEX limits. Using climate risk analyses from Deepki, Swiss Re and R4RE Batadapt, the team identified low cost resilience measures that aligned with an existing 5 million euro renovation plan. Ninety seven percent of adaptation actions also improved energy efficiency, avoiding additional spending. The project shows how combining adaptation and mitigation supports compliance with Décret Tertiaire and CRREM pathways while keeping investment within budget.

Real I.S. assessed the physical climate risks of an office building in Hamburg, located directly on the Elbe River - an area exposed to sea level rise and flooding. Using MunichRe’s Location Risk Intelligence tool and a detailed vulnerability assessment, the team evaluated how potential flood events could impact the building’s structure, systems and usability. Despite the high risk at the location, built-in protection systems such as dam barriers, flood protection doors, sealed windows and pumps resulted in a very low vulnerability rating, demonstrating strong asset-level resilience.

Edmond de Rothschild REIM assessed 16 logistics and industrial assets in the Netherlands and Germany to achieve EU Taxonomy alignment. With no EPC labels available for logistics areas, the team used BREEAM In Use energy ratings and Energy Performance Contracts to demonstrate energy performance. Physical climate risks were analysed through MunichRe’s risk scan and the Climate Effect Atlas. Asset level adaptation plans and external certification via DGBC and BREEAM v6.1 provided clear, verifiable assurance for investors.

INREV releases a quarterly overview of the key characteristics of all non-listed real estate vehicles in Europe. The data is taken from INREV's vehicles database.

INREV canvassed views from the membership to assess the dynamics and business-oriented implications for the industry. View our Market Insights and Sentiment and Valuation reports now. 

INREV welcomes the European Commission’s review of the EU Taxonomy Climate and Environmental Delegated Acts and calls for clearer definitions, streamlined DNSH criteria, full recognition of deep renovations and regulatory harmonisation and interoperability to ensure a usable, proportionate and effective framework for the non-listed real estate investment sector.