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Sustainable Real Estate Development and ESG Integration: Market Dynamics, Investment Returns, and Regulatory Compliance in Post-Pandemic Urban Markets - A Kenyan Perspective

Felix Maloba Odanga

Subject area: Science,Engineering and Technology  ·  Area of research: ICT

Abstract

The integration of Environmental, Social, and Governance (ESG) principles in real estate development has emerged as a critical paradigm shift in Kenya's urban markets, particularly following the COVID-19 pandemic. This study examines the market dynamics, investment returns, and regulatory compliance frameworks governing sustainable real estate development in Kenya's major urban centers. Through comprehensive analysis of market data, regulatory frameworks, and investment patterns from 2015-2020, this research demonstrates that ESG-compliant developments not only yield superior long-term returns but also align with Kenya's Vision 2030 sustainable development goals. The findings reveal that sustainable real estate projects in Nairobi and Mombasa command premium valuations of 15-25% over conventional developments, while demonstrating enhanced resilience during economic disruptions.

Keywords

ESG integration, sustainable real estate, Kenya, urban development, investment returns, regulatory compliance

References

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[3] Cajias, M., Fuerst, F., McAllister, P., & Nanda, A. (2020). Do responsible real estate companies outperform their peers? International Journal of Strategic Property Management, 24(4), 304-320.

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[5] Fuerst, F., & McAllister, P. (2020). The impact of Energy Performance Certificates on the rental and capital values of commercial property assets. Energy Policy, 144, 111608.

[6] Global Real Estate Sustainability Benchmark (GRESB). (2020). 2020 Real Estate Results. Amsterdam: GRESB Foundation.

[7] Green Building Council of South Africa. (2020). Market Status Report: Green Building in South Africa. Cape Town: GBCSA.

[8] International Finance Corporation. (2019). Green Buildings: A Finance and Policy Blueprint for Emerging Markets. Washington, DC: World Bank Group.

[9] Kenya National Bureau of Statistics. (2020). Economic Survey 2020. Nairobi: Government Printer.

[10] Kenya Property Developers Association. (2020). State of the Property Market Report 2020. Nairobi: KPDA.

[11] Republic of Kenya. (2020). Third Medium Term Plan 2018-2022: Kenya Vision 2030. Nairobi: Government Printer.

[12] United Nations Environment Programme. (2020). Global Status Report for Buildings and Construction 2020. Nairobi: UN Environment Programme.

[13] World Bank. (2019). Kenya Urbanization Review. Washington, DC: World Bank Group.

[14] World Green Building Council. (2020). Bringing Embodied Carbon Upfront: Coordinated Action for the Building and Construction Sector to Tackle Embodied Carbon. London: WorldGBC.

How to cite this paper

Felix Maloba Odanga "Sustainable Real Estate Development and ESG Integration: Market Dynamics, Investment Returns, and Regulatory Compliance in Post-Pandemic Urban Markets - A Kenyan Perspective" Iconic Research And Engineering Journals Volume 4 Issue 6 2020 Page 134-149
Felix Maloba Odanga "Sustainable Real Estate Development and ESG Integration: Market Dynamics, Investment Returns, and Regulatory Compliance in Post-Pandemic Urban Markets - A Kenyan Perspective" Iconic Research And Engineering Journals, vol. 4, no. 6, Dec. 2020
Felix Maloba Odanga (2020). Sustainable Real Estate Development and ESG Integration: Market Dynamics, Investment Returns, and Regulatory Compliance in Post-Pandemic Urban Markets - A Kenyan Perspective. Iconic Research And Engineering Journals, 4(6).
Felix Maloba Odanga "Sustainable Real Estate Development and ESG Integration: Market Dynamics, Investment Returns, and Regulatory Compliance in Post-Pandemic Urban Markets - A Kenyan Perspective" Iconic Research And Engineering Journals, vol. 4, no. 6, Dec. 2020.
@article{1708866,
      author = {Felix Maloba Odanga},
      title = {Sustainable Real Estate Development and ESG Integration: Market Dynamics, Investment Returns, and Regulatory Compliance in Post-Pandemic Urban Markets - A Kenyan Perspective},
      journal = {Iconic Research And Engineering Journals},
      year = {2020},
      volume = {4},
      number = {6},
      pages = {134-149},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1708866.pdf},
      abstract = {The integration of Environmental, Social, and Governance (ESG) principles in real estate development has emerged as a critical paradigm shift in Kenya's urban markets, particularly following the COVID-19 pandemic. This study examines the market dynamics, investment returns, and regulatory compliance frameworks governing sustainable real estate development in Kenya's major urban centers. Through comprehensive analysis of market data, regulatory frameworks, and investment patterns from 2015-2020, this research demonstrates that ESG-compliant developments not only yield superior long-term returns but also align with Kenya's Vision 2030 sustainable development goals. The findings reveal that sustainable real estate projects in Nairobi and Mombasa command premium valuations of 15-25% over conventional developments, while demonstrating enhanced resilience during economic disruptions.},
      keywords = {ESG integration, sustainable real estate, Kenya, urban development, investment returns, regulatory compliance},
      month = {December},
  }