The Circular Economy Is Great For Real Estate’s Bottom Line, Oh, And The Planet

May Al-Karooni just couldn’t get her head around it.

The office of the investment bank at which she worked was being refurbished, and she asked the facilities management team what was happening to everything that was being ripped out: the fixtures, fittings and furniture. Basically, she was told, the vast majority was being thrown away. It was just the easiest thing to do.

That has pretty much always been the case at every office, shop, industrial unit and commercial apartment building across the world, for as long as anyone can remember. And it is not just the interiors.

From the smallest house to the biggest office building, the tons and tons of glass, steel, wood and concrete from a building demolition or remodel are taken by a contractor to an incinerator. During the original building process for most commercial buildings, if there are materials left over, even if…

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