News Snapshot:
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...
