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 In The News  Sydney Morning Herald
Armed with the knowledge to build even better citiesby Roger Walker 17.9.11 With a steering committee comprising the federal and state governments, the Investor Group on Climate Change, the Green Building Council of Australia, the Australian Property Institute, Property Funds Association of Australia and Walker EcoStrategies it is expected that research on the financial performance of sustainable commercial office space in Australia will have some impact on funding decisions and policy.
The ''Building Better Returns'' research results showed there was a clear sliding scale on financial performance which significantly rewarded those at the top end of sustainable buildings and inversely penalised poor performers. What this demonstrated was that consumers (tenants of office buildings) care about the environmental performance of buildings.
The analysis covered more than half of the office space by square metres in Sydney's central and suburban areas, and the Canberra markets. Canberra tenants cared more, with a financial performance of 20 per cent improvement, with 8 per cent in suburban Sydney and 4 per cent in Sydney's CBD for five-star NABERS Energy rated offices. The bad news for the poor performers was that Canberra penalties mean 10 per cent, with the stick not wielded so hard in the Sydney markets.
This report reflects considerable co-operation with detailed building data and is useful to the industry. To view full article please click here More News: (please click above to view this project in the media) |
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