Years ago, when I entered into the real estate industry, I realised that it was full of flaws. I saw numerous participants at different points of the process, often with unclear or conflicting roles, thick contracts that do nothing to prevent conflicts and lawsuits, parties focused on taking as large a piece of the cake as possible – at the expense of the whole. I saw financing processes that were cumbersome, restrictive and expensive and building philosophies and practices that ignored their impact on the planet where we all live, increasingly closer together.
As a relative outsider I saw an opportunity to find new and better ways to develop real estate which would bring benefits to all stakeholders. The need for change was enormous and the possibilities for innovative returns even larger.
I realised that the only way to change was to create the change itself; indeed to become the change. It is time to rethink and exploit synergies that are, as yet, untapped.
We need to look at all aspects of the industry; Where can we conserve energy; through optimisation, re-use and even eliminate the need? How can we engage and empower companies and individuals? How can we make sure that emerging technologies are implemented in the most sustainable ways? – And how can we prove that what we do, actually IS according to the highest standards?
Sparked on by the Net Zero Asset Managers initiative, launched in December of 2020 by the world’s largest fund managers, we are embarking on the race to carbon neutrality. We will offer authentic, innovation and solutions that reduce energy consumption through efficiency, recycling or reduction and at the same time provide transparency for investors through to the projects themselves.
Now we invite similarly forward-thinking partners to share our vision. Together, we will create a greener and more profitable industry for the benefit of society. In this way we can enhance the built environment, achieve carbon neutrality and improve investment returns over the long-term.
Welcome to the MIRIS vision of smarter business for a healthier planet.