COIMA RES is an integral part of the Sustainable Innovation Committee of the COIMA platform, created in 2017 with the aim of promoting, systematise, developing and advancing themes related to sustainability within the COIMA platform. This committee is set up at COIMA Group level to promote and monitor a strategic vision which underlines every investment, redevelopment or development project, and assets operational and management phase.
Those committed to integrating ESG criteria into their strategy can generate sustainable profits over time and, consequently, lasting value for all stakeholders. This allows for more efficient management of financial, environmental, and social risks that can negatively impact individual investments’ value retention. Identifying and managing environmental and social risks is part of an asset manager’s fiduciary duty to protect the value of their investors’ assets over time. Our mission is to create long-term value for our investors and the social communities in which we operate through continuous attention to:
• Asset key features
• Quality of developed and managed works
• Constant risk management
• Creating environmental and social benefits in addition to market financial returns
Our approach to responsible investment and real estate development and management is based on integrating sustainability criteria into the investment strategy. This creates highquality real estate assets with sustainable long-term growth and favouring assets with highvalue potential. COIMA integrates the Sustainable Development Goals promoted by the United Nations, believing that it can contribute to eight of the 17 SDGs, initiating innovation processes, focusing on people and the management of natural and other resources.
During 2017, COIMA RES contributed to the creation of a European “Think Tank”
in collaboration with five of the most important listed real estate companies (alstria,
Colonial, Gecina, Great Portland Estates and NSI). During 2019, the Scandinavian real
estate company Castellum, leader in sustainability practices, joined the European Think
The purpose of the Think Tank is to create a common platform of skills by sharing best practices in terms of sustainability and innovation and related research in the German, Italian, Spanish, French, British, Dutch and Nordic real estate markets.
In the last three years, the Think Tank intensified its activities and focused on the discussion of issues related to sustainability and innovation and on how the context of real estate and urban development is rapidly changing.
COIMA has performed a survey between October and January 2021 with a pool of corporates having an office footprint in Italy, and in particular, Milan.
The survey has allowed us to gather direct feedback from tenants on the likely medium-term outlook for the office product taking into consideration the disruption brought by the COVID-19 pandemic.
The publication of the key findings from this corporate survey follows the release of our initial “The Future of Offices” report published in October 2020. In that first report, we had put forward several initial and preliminary considerations on the likely impact of an accelerated adoption of remote working on office space demand (both from a qualitative and quantitative point of view).
The main drivers that emerged in the survey were:
Social: the role of the office will evolve to respond to workers’ needs to meet, collaborate, socialise and feel satisfied by work
Environmental: in the future, employees will be much more demanding and much more critical in terms of what a potential employer will do to tackle climate change
Technological: Artificial Intelligence, Big Data, robotics, hyper-connectivity will influence the way people work and connect and the organization within companies