从建筑到商业价值：美利肯如何以健康建筑逻辑重塑长期资产竞争力

Core Viewpoint - Sustainable development is being redefined as a core variable that directly impacts asset quality and cash flow stability, rather than merely a corporate social responsibility [2] Group 1: Investment Implications - Approximately 39% of global carbon emissions come from buildings and their operations, with an expected addition of about 250 billion square meters of building area over the next 40 years [6] - Today's decisions regarding buildings and spaces are locking in compliance costs, operational efficiency, asset depreciation rates, and exit flexibility for decades to come [7] - Investors are increasingly focusing on whether spaces possess long-term health performance and stable usage value, shifting from "compliance assets" to "high-quality assets" [8][10] Group 2: Sustainable Development as Value Management - Leading companies are upgrading sustainable development from passive compliance to an active value management tool [10] - Health and sustainability-oriented office and commercial spaces tend to have higher rental stability, longer lease terms, and stronger brand premium capabilities [11] - Materials are recognized as an undervalued "underlying asset variable" that can significantly influence long-term operational stability and brand image [13] Group 3: Market Practices and Trends - In China and the Asia-Pacific market, developers and owners are increasingly prioritizing health and sustainability as default configurations for high-quality assets [17] - The long-term impact of indoor environments on user health and experience is becoming a critical consideration in space design [18] - The focus on human health and well-being in space design has never been more important, with metrics showing a 28% increase in employee workplace satisfaction and a 7.7% increase in rent per square meter [21] Group 4: Long-term Asset Value - Sustainable development is becoming deeply integrated with efficiency, resilience, and long-term returns, making it a fundamental part of investment decision-making [25] - Truly worthwhile long-term assets are those that demonstrate long-term certainty in health, operations, and compliance [26] - The integration of health buildings and sustainable strategies into capital logic is a growing trend [27]