Use of 'green' office leases to catch on in Hong Kong, as sustainability becomes increasingly important, Deloitte says | South China Morning Post

Hong Kong office tenants and landlords are expected to catch up with the global trend of signing "green" leases amid the rising importance of sustainability in the real estate industry, despite a dearth of such deals so far in the city, according to professional services firm Deloitte. A green lease is an agreement between a landlord and a tenant to improve the environmental performance of a property, for example, by cutting energy or water use and reducing waste. "We believe the trend of green leases adoption will come to Hong Kong in the near future" with the rising importance of…