Sustainability is redefining the balance in real estate investment decision-making. Whether the objective is creating value, reducing cost, or protecting assets against early obsolescence, the combined drivers of regulation and growing stakeholder interest in most markets means that sustainability is increasingly seen as an important commercial consideration in property decisions.
The continuing challenging economic conditions appear to have helped sharpen the focus around sustainability, despite misgivings amongst sceptics.
Senior executives from 501 European
companies across various industries were
interviewed to get a better understanding
of their views on sustainability, its relative
importance and the barriers that occupiers
face when looking to occupy green space.
This report explores the role of sustainability in real estate investment decisions in the UK and continental Europe. The research programme was conducted with the help of Remark – an independent research agency – to establish the views of key European real estate investors on sustainability as a driver for investment decisions and how it impacts on their business strategy. Thirty managing directors, fund managers and fund directors from 26 European investment organisations were interviewed.
Andries Van Der Walt, UK Head of Sustainability, Cushman & Wakefield, looks at the impact of climate change on the performance of commercial property and compliance, risk and opportunities in sustainable development.
The Carbon Reduction Commitment (CRC), the UK’s new mandatory carbon cap-and-trade scheme coming into force in April 2010, is one of the most far reaching government policies to impact property in recent years.
The Carbon Reduction Commitment (CRC), the UK’s new mandatory carbon cap-and-trade scheme coming into force in April 2010, is one of the most far reaching government policies to impact property in recent years. There are many challenges associated with it for landlords, tenants, occupiers and investors alike.
In this study, we compared construction costs of buildings where LEED certification was a primary goal to similar buildings where LEED was not considered during design. The building types analyzed included the three previously evaluated - academic buildings, laboratories and libraries - and two new types - community
centers and ambulatory care facilities.