North American governments at all levels are setting ambitious building emissions reduction targets for new and existing buildings alike, and real estate actors – from asset owners, investors, developers, to lenders – have paralleled this behaviour and driven a market shift towards high-quality, high-performing commercial real estate. Coupled with growing populations and increased demand for affordable, high-density, energy-efficient residential developments, the NA market is ideally positioned for sustainable urban development en masse.
Danish expertise is readily equipped to address some of the key barriers in the NA market, including combating high interest rates and alleviating the financial pressures of building with creative financing mechanisms, or addressing the knowledge and skill gap for long and complicated retrofits with concrete solutions that can also validate the business case for doing and scaling retrofits. With over 40 million sq ft of unused industrial land, North America is on the cusp of a massive transformation: repurposing old spaces into mixed-use, sustainable and affordable developments that meet growing population demands and climate targets.
Danish solutions bring various unique benefits, including proven leadership in energy efficiency solutions, experience with progressive regulatory and policy frameworks, an integrated approach to public-private partnerships, strong competencies, know-how, and solutions across the value chain, all supplemented by sustainable financing backed by the Danish state.