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Mar 12th
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Investment

31 percent of Australian investors willing to pay more for green

Nearly a third of investors are now willing to pay more for a green building, according to Jones Lang LaSalle’s Survey of Investor Sentiment, the results of which were released on 3 March. 31 percent of Australian investors are now willing to pay more for a sustainable investment, up from the 18 percent recorded in a similar study in 2008. All respondents said that agree that sustainability impacts on investment decisions.

The report suggests that investor appetite for sustainable investments has not been dampened by the global economic downturn and in fact has returned as a stronger investment driver than ever before. Anita Mitchell, Head of Energy & Sustainability Services Australasia for JLL, said the survey results reflected the fact that market expectations continued to drive sustainability despite the economic downturn.

“It is reassuring to see that, despite the difficult operating environment over the past 18 months, sustainability has remained on the business agenda and has now returned to its highest ever level of investor interest,” Ms Mitchell said.

According to the Chief Executive of the Green Building Council of Australia, Romilly Madew, green building is no longer the exception, but the rule. “More than 220 buildings around Australia have been certified under the Green Star environmental rating system for buildings.  with another 470 projects registered to achieve Green Star certification. In total, around 10 million square metres of building space has been impacted by Green Star.”

Australia has long been a pioneer is sustainable building markets, driven by the Green Star and ABGR (now NABERS) rating systems. “We’ve seen a seismic shift in the market towards Green Star in the last seven years, and green building practices are rapidly becoming mainstream as investors recognise that a focus on sustainability can help to ‘future proof’ their assets,” Madew said.

The survey found market drivers for sustainability had significantly strengthened across the board. Of the seven nominated factors driving sustainability, respondents rated six more highly than in past surveys. The survey showed tenant expectation led the way, having been rated as an important factor by 88 percent of investors surveyed, up from 74 percent in 2008. Achieving reductions in outgoings was rated equally important as achieving NABERS Energy and Green Star ratings. Legislative and industry changes significantly increased in importance with 38 percent of respondents (compared to 29 percent in 2008) nominating it as important

“The results of the survey clearly show market factors such as these maintained the value of sustainability in commercial property, despite the economic downturn. The latest figures also suggest that the business case for sustainability will continue to increase amid more positive economic conditions,” Mitchell said.

 

 

Payment Policy?

Payment Policy?

The financial barriers to green real estate can be overcome, explains Lisa Michelle Galley.

Community officials, property owners and citizens are changing the world – working hard to extend regional social, environmental and commercial vitality. This is driving exponential growth in energy efficient and environmentally-certified (collectively called “green”) buildings, since some people realise that green buildings are clearly better performing investments that release funds trapped in wasted resources back into the pockets of workers and the local economy.

魅力规划

魅力规划

建筑风格、城镇规划和品牌战略正越来越多地应用于城市规划中。Nicolas Douay追踪报道了北京从奥林匹克标志性风格到BOBO(资产阶级波西米亚)风格的转变。

在当今经济全球化和城市化的时代,各城市开展着市场战略计划以吸引投资者和不同阶层的人群,以期扩大其人口数量。然而,这些战略计划已经导致了一种重大事件、市政工程和建筑语言的标准化形式。毕尔巴鄂和古根汉姆历史博物馆,以及Frank Gehry 通过“明星建筑”转变整个城市形象的例子,都可以说明这一规律。

Glamour Planning

Architecture, town planning and branding strategies are increasingly being used on citywide scales. Nicolas Douay charts the transformation in Beijing: from Olympic symbols to the BOBO (Bourgeois-Bohme) experience.

In today's age of economic globalisation and urbanisation, cities are developing marketing strategies to both attract investors and certain demographic segments to boost their populations. However, such strategies have led to a form of standardisation of events, urban projects and architectural languages. The example of Bilbao and the Guggenheim museum can illustrate this dynamic, with the work of artechitect Frank Gehry transforming the image of an entire city.

 

BuilTech: Bricks and Mortar

BuilTech: Bricks and Mortar

Hubert Spechtenhauser, Chief Executive Officer of CommerzReal and Hans-Joachim Kuhl, Board Member, talk to Ashford Pritchard about their approach to real estate investment in Asia as they unveil their latest property in Singapore.

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