People change, as well as their needs, ways of living, interacting and working constantly shift. How then can we construct buildings that bend and adapt to ever-evolving needs and changes that are not always easy to predict?
Reversibility in real estate is the ability to transform buildings in a way that doesn’t involve pulling down structures and starting from scratch. Instead, buildings can be built to shape shift over time..
Thinking of real estate projects in this way ultimately means optimising each square metre and creating places that everyone can enjoy, and that stand the test of time. This capitalises on the environmental and social value of a building and cements its roots in a city that must now open itself up wider to new exchanges, protect itself against what the future might hold and harness the power of each and every space within it.
In this episode of Real Catch Up, Séverine Chapus, Deputy Chief Executive Officer of Property Development (Commercial & Residential) in charge of Development explains explains that we must think in offices real estate, in the same way as we do in the world of distribution and consumption, about the notion of useful square meters and thus fight against planned obsolescence.
The value of a square metre is drastically changing. I would say it’s one of the biggest revolutions of our business, and we’re going to experience this revolution in the years to come. If I really simplify it, we are going to be able to calculate the value of a square metre, in terms of its destination, and we can calculate the value of a plot of land in terms of the number of square metres.
Building reversibly and optimising square metres
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Listen to the podcastEpisode 3Building differently: the drive for a circular economy approach
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Listen to the podcastEpisode 4How can our urban cities encourage greater biodiversity?
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Listen to the podcastEpisode 5Sustainable real estate investment, what’s the benefit?