The climate crisis is now a reality that is having an increasingly tangible impact, forcing consumers, politicians and businesses to reduce emissions as drastically and as quickly as possible.
If there is one good thing to say about COVID-19 is that it has had a catalytic effect on the acceptance of a new kind of work, having forced a flexible working era upon many sectors and companies. The persistent reservations against WFH – work from home – were simply wiped away by plain necessity. And many employees have gotten used to this new paradigm.
One of the main reasons why the real estate industry is lacking behind in terms of digitalisation is that incumbents, due to constantly rising real estate prices, used to make money in their sleep, thereby smothering any need to improve and evolve.
Investing in the Future of Climate Risk Insurance for the Built World: Why we invested in FloodFlash
The real estate ecosystem is heavily exposed to all kinds of climate change related physical risks and regulators around the globe are increasing the pressure on making these risks transparent, potentially leading to severe consequences for real estate owners in valuations and interest rates, and even creating stranded assets.
Digital solutions must be designed for the construction industry and solve an indispensable problem. Proven concepts from other industries rarely work in the construction industry. Retrofitting the building stock is the most important lever for achieving the German government’s climate targets for the real estate industry. Current methods and means are not sufficient to achieve this goal in a timely manner.
Enabling companies to implement flexible and hybrid work strategies globally: Why we invested in Desana
PropTech1 has observed the steady shift towards a hybrid working environment, prior to the Covid-19 pandemic. However, while we recognized the emerging trend, the speed in which the existing working habits were being broken up was rather slow, as mentioned in JLL’s July 2020 flexible space report.