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Commercial real estate in Europe faces huge mountain to climb to reach sustainable standards by 2020

Posted on 01 June 2010 by Laxman  |  Email |Print

From Propertywire.com: One in five surveyors globally believe that 90% of the commercial real estate stock will still fall short of meeting good sustainable standards by 2020 without a rethink of green incentives, according to a new survey.
The numbers are even starker at a regional level with nearly half, 49%, of all surveyors in Latin America believing that it will take more than a decade for even a small minority, one in ten, of the commercial real estate stock to meet good sustainable standards such as those championed by LEED and BREEAM, the Royal Institution of Chartered Surveyors commercial property agents report shows………………………………………..Full Article: Source

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Real estate sector to miss 2020 sustainability target: RICS

Posted on 28 May 2010 by Laxman  |  Email |Print

From Propertyeu.info: One in five surveyors globally believe that 90% of the commercial real estate stock will still fall short of meeting good sustainable standards by 2020 without a rethink of green incentives, according to the RICS survey of commercial property agents.
The numbers are even starker at a regional level with nearly half (49 percent) of all surveyors in Latin America believing that it will take more than a decade for even a small minority (1 in 10) of the commercial real estate stock to meet good sustainable standards such as those championed by LEED and BREEAM, the RICS Global Property Sustainability Survey Q1 2010 indicates……………………………………….Full Article: Source

UAE continues to lead green building practices and initiatives in GCC

Posted on 17 May 2010 by Laxman  |  Email |Print

From Cityscapeintelligence.com: The UAE continues to lead initiatives that firmly steer the country towards green building practices through various guidelines and regulations, according to organizers of the Green Building Middle East Summit and Expo.
Pledging to abide by the highest green building standards and pioneer the concept in the region, Abu Dhabi and Dubai have laid the foundation for the UAE through enforcing stringent norms and internationally certified practices, besides taking the initiative to collaborate with specialized governing bodies to achieve shared goals in construction……………………………………..Full Article: Source

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Canadian investors pay premiums for green buildings: survey

Posted on 05 May 2010 by Laxman  |  Email |Print

From Torontosun.com: Almost two-thirds of professional Canadian real estate investors are planning to add to their portfolios over the next 12 months and are willing to pay a premium for green buildings, a global survey of the commercial property market found.
The majority of investors, or 85%, favoured making acquisitions in Canada, with Toronto the preferred location, followed by Vancouver and Montreal, the Colliers International Global Sentiment Survey said……………………………………..Full Article: Source

US Studies suggest eco friendly property sells faster and for more than conventional buildings

Posted on 08 April 2010 by Laxman  |  Email |Print

From Propertywire.com: Eco friendly Green properties are outselling the rest of the real estate market in some parts of the US, according to new research.
They are selling faster and for higher prices per square foot with the most eco friendly obtaining prices that are 25% higher, according to research from Seattle based Green Works Realty…………………………………………Full Article: Source

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Threadneedle and Carbon Trust team up for green property fund

Posted on 19 March 2010 by Laxman  |  Email |Print

From Citywire.co.uk: Threadneedle is to partner with emissions agency the Carbon Trust and property developer Stanhope to invest in low-carbon UK property.

The Threadneedle Low-Carbon Workplace trust is intended to capitalise on tightening environmental restrictions. By 2019 all new buildings are expected to be zero carbon…………………………………Full Article: Source

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French green properties set to increase 61pct in 2010: Savills

Posted on 18 March 2010 by Laxman  |  Email |Print

From Propertyeu.info: Completions of French office properties certified according to the environmental standard HQE (Haute Qualité Environnementale) will increase by 61% in 2010, representing some 650,000 m2, real estate adviser Savills announced at the Mipim fair in Cannes. This compares to a rise of 27% in 2008 and 44% in 2009.

Following political debate in France on green standards, investors have shown increasing appetite for newly developed HQE and BBC (Bâtiment Basse Consommation) buildings, Savills said………………………………Full Article: Source

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Carbon Trust to create new low carbon commercial property fund

Posted on 16 March 2010 by Laxman  |  Email |Print

From Devono.com: The Carbon Trust is to launch a £350 million low-carbon investment fund, designed to buy and refurbish commercial property in the UK. Excluding residential homes, buildings account for almost 20 percent of the country’s carbon footprint.

The Carbon Trust is partnering with fund manager Threadneedle and property developer Stanhope for the initiative, and hopes to raise an initial £100 million over the next year. The remaining £250 million will come from institutional investors……………………………………..Full Article: Source

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Korea: Construction giant ties growth to green efforts

Posted on 15 March 2010 by Laxman  |  Email |Print

From Joongang Daily:Stroll through downtown Seoul for even the briefest period of time and you’ll likely stumble across numerous products made by KCC Corporation, though you probably won’t even notice them. From paints used on buildings, automobiles and ships to windows and frames to floor tiles and carpet, KCC Corp.’s construction materials are literally everywhere.

The company - KCC Group’s flagship firm - manufactures more than 25,000 products grouped into 13 major types of construction materials. It also has a sizable share of the market for environmentally friendly paints and low-emission glass developed for thermal insulation…………………………………….Full Article: Source

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Australia: A green dividing line emerging in property

Posted on 15 February 2010 by Laxman  |  Email |Print

From Smh.com.au: A two-tier market is emerging in the commercial property world; buildings with the appropriate environmental credentials and those that are yet to make advances.

To ensure that the industry is aware of the looming issues, the Property Council of Australia’s quality grade committee has reconvened in the past week to ensure that the environmental criteria for buildings are properly understood by its members………………………………….Full Article: Source

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UK: Property investors increasingly turn to green real estate

Posted on 08 February 2010 by Laxman  |  Email |Print

From Rla.org.uk: There is growing interest in energy-efficient and environmentally-friendly real estate in Britain among property investors, even if few expect to see an immediate profit from “greening” their buildings.
Thomas Beyerle of Aberdeen Property Investors told the Financial Times that there is “no evidence” that green real estate will lead to tactile benefits for investors, but many are still choosing to go this route purely out of concern for the planet…………………………………Full Article: Source

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Europe: Green buildings set to become separate asset class: Union Investment

Posted on 05 February 2010 by Laxman  |  Email |Print

From Propertyeu.info: Union Investment has said that a survey it has carried out confirms the growing interest in sustainable real estate investment in Europe. A significant number of property investment projects will incorporate sustainability criteria in the future, greatly increasing the likelihood of a separate asset class for green buildings emerging over the next few years.
That is one of the findings of a recent survey by Union Investment involving over 220 investment decision makers at property companies and institutional real estate investors in Europe……………………………….Full Article: Source

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Buildings can play big role in combatting climate change

Posted on 03 February 2010 by Laxman  |  Email |Print

From Propertyeu.info: The potential of buildings to mitigate climate change is ‘huge,’ claims Belgian climatologist Jean-Pascal van Ypersele, who will deliver a keynote speech entitled ‘The Truth about Climate Change’ to the ULI conference in Paris on 3 February.

Van Ypersele, who is vice-chair of the Intergovernmental Panel on Climate Change (IPCC), says buildings account for one-third of energy-related CO2 emissions and two-thirds of halocarbons - fluids contained in air conditioning systems which leak into the atmosphere and contribute to global warming…………………………………..Full Article: Source

Germany holds green building summit

Posted on 01 February 2010 by Laxman  |  Email |Print

From Propertyeu.info: German construction and real estate professionals will discuss the creation of an integrated approach to sustainability certification during the Green Building Summit 2010 in Frankfurt on 23-24 February.
While the issue of sustainability continues to grow in importance in the real estate sector, there is a confusing number of evaluation processes and certificates…………………………………Full Article: Source

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Australian real estate funds, firms lead green rankings

Posted on 29 January 2010 by Laxman  |  Email |Print

From Environmental-finance.com: Most real estate funds and companies are not yet actively managing their environmental impacts, according to a report commissioned by three European institutional investors.

However, Australian property firms and funds stand out for their green policies and implementation, leading the Environmental Real Estate Index………………………………..Full Article: Source

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Green buildings command 16pct sales premium: RICS

Posted on 26 January 2010 by Laxman  |  Email |Print

From Propertyeu.info: Research indicates that green buildings can command up to a 16% premium on being sold compared to a conventional property, according to the Royal Institute of Chartered Surveyors (RICS). RICS’ chief executive Louis Armstrong said research findings also indicated green buildings can attract a rental premium of between 3% and 5%.

Armstrong said: ‘All new buildings now should be green or they should not be allowed to be built and should not have a future………………..Full Article: Source

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‘Green buildings’ can boost UAE’s real estate sector

Posted on 20 January 2010 by Laxman  |  Email |Print

From Ameinfo.com: Johnson Controls mentioned that the UAE real estate industry can transform itself by adopting the energy efficient green building principles to deal with the current market conditions.
The company’s flagship Metasys building management system that embodies its core competencies and high standards of technical innovation can provide customers in the UAE and across the region with a set of comprehensive tools to improve building efficiency, maximize cost savings, and reduce greenhouse gas emissions……………………………….Full Article: Source

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Trends for the next decade in Israeli real estate

Posted on 18 January 2010 by Laxman  |  Email |Print

From Globes.co.il: Is the country headed for a greener, taller, and more expansive future? Israel’s real estate sector, often the subject of close scrutiny, is likely to reflect several major trends in the coming decade.

How green is your building? Environmentally friendly construction and building management is moving from slogans to reality………………………………….Full Article: Source

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Builders zero in on new goal of energy-neutral housing

Posted on 24 December 2009 by Laxman  |  Email |Print

From WSJ: The green building movement is targeting a goal once thought virtually unattainable: zero net energy use.
While the trend is nascent, dozens of “net zero” and “near net zero” developments — projects designed to use only about as much power from the public grid as they can save or produce on their own — have sprung up across the U.S. over the past five years…………………………………..Full Article: Source

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Real estate CO2: Two billion tons to go

Posted on 15 December 2009 by Laxman  |  Email |Print

From Miamiherald.com: The worldwide real estate industry has the potential to reduce CO2 byan estimated two billion tons over three years — close to three times the amount of CO2 scheduled to be reduced under the Kyoto Protocol, according to a report by The United Nations Environment Programme Sustainable Construction and Building Initiative.
This surprising statistic presents an important opportunity for the real estate industry and a real need for policymakers to collaborate with the private sector to make buildings more energy efficient………………………………Full Article: Source

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King Sturge calls for retro-fitting of buildings to save energy

Posted on 08 December 2009 by Laxman  |  Email |Print

From Europe-re.com: Retro-fitting buildings and places, as part of an overall sustainable strategy, is the main challenge for the European property market over the next 2 to 5 years. So-called “green” energy is not sufficient to fill in the gap left by fossil fuels.
Even if every hill had a wind turbine, every tidal estuary had a power station and even if we maximized the use of solar panels and photovoltaic cells, research suggests we still could not meet our current energy needs……………………………..Full Article: Source

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Commercial property needs energy efficiency drive if UK is to hit ‘green’ target

Posted on 07 December 2009 by Laxman  |  Email |Print

From Telegraph: The UK has no chance of hitting its target of reducing 80pc of carbon dioxide emissions by 2050 unless the commercial property sector embarks on a massive drive to improve the energy efficiency of buildings, according to the Carbon Trust.
Commercial property accounts for 18pc of all UK emissions, but levels have stayed the same over the past 20 years, the organisation found ahead of a new report on building emissions to be published this month…………………………….Full Article: Source

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For China developers, green is in

Posted on 07 December 2009 by Laxman  |  Email |Print

From Themalaysianinsider.com: It is centrally located and has won international architectural design accolades. But the iconic Modern Moma estate in downtown Beijing has another trump card: It is “green”.

Equipped with waste-water recycling, an elaborate natural ventilation system and geothermal heating instead of traditional air-conditioning, the eight-tower residential and commercial property — which achieves the comfort level of a five-star hotel using about one-third as much energy — is a standing symbol of China’s newfound pursuit of green buildings…………………………….Full Article: Source

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All new buildings to be energy-neutral by 2020: EU

Posted on 27 November 2009 by Laxman  |  Email |Print

From Propertyeu.info: EU governments and Members of the European Parliament (MEPs) have struck a deal that will force all new buildings constructed after 2020 to consume ‘near zero energy’.
The agreement, part of the revision of the 2002 Energy Performance of Buildings Directive, defines near-zero-energy buildings as constructions that have ‘a very high energy performance’ with any energy they use coming ‘to a very large extent’ from renewable sources generated ‘either on-site or nearby’……………………………Full Article: Source

World’s leading green building organisations reach ground-breaking agreement

Posted on 18 November 2009 by Laxman  |  Email |Print

From Europe-re.com: Today the world’s leading green building organisations have reached a ground-breaking agreement to adopt a common global language for the measurement of the carbon footprint of buildings.
Just weeks ahead of COP15 in Copenhagen, this is a critical and timely step that will enable the world to realise the unparalleled, cost-effective carbon mitigation potential of buildings, which account for around 40% of the world’s energy use and 33% of global greenhouse gas emissions…………Full Article: Source

Green realty rises in India despite slump

Posted on 13 October 2009 by Laxman  |  Email |Print

From Intoday.in: The Indian real estate sector has gone green despite global the economic slowdown. The total supply of green realty space has doubled to 6.8 million sq ft in September 2009 from an early- 2007 level of 3.8 million sq ft

The report ‘ Green Buildings: Benefits and Future Outlook’, published by DTZ International Property Advisers Pvt Ltd.says that the supply of green space has been well contributed by various real estate segments, with the IT/ ITeS sector contributing as much as 58 per cent of the total supply in the country……………………Full Article: Source

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UAE real estate market dynamics get greener

Posted on 09 October 2009 by Laxman  |  Email |Print

From Zawya.com: Sustainable construction standards should no longer be seen as a choice but the norm, delegates heard during the afternoon session of the first Green Day to be ever held at Cityscape Dubai, which concluded today (Thursday 8 October 2009)

Habiba Al Marashi, Chairperson, Emirates Environmental Group and Board Member, UN Global Compact, said a 100% mindset change was necessary to reduce carbon emissions and encourage best practices industry wide……………….Full Article: Source

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U.S. falling behind Europe in the green building race

Posted on 07 September 2009 by Laxman  |  Email |Print

From Cpexecutive.com: While America’s green building market will likely continue its rapid growth over the coming years, architects, developers and contractors in the U.S. could still learn a lot from their European counterparts, according to engineer Jerry Yudelson, a green building proponent.

Yudelson, a professional engineer, has written 11 books on green building and development in the last five years after working in the design side of the building industry for 10 years…………..Full Article: Source

UK: Sustainability remains high on agenda: RICS

Posted on 20 August 2009 by Laxman  |  Email |Print

From Propertyeu.info: Sustainability remains high on the agenda despite the worsening economic climate, according to the latest global property sustainability survey, released by the Royal Institute of Chartered Surveyors (RICS).

Around 40% of respondents believed that sustainability is a more important issue for their clients now than it was this time last year, whilst 50% felt it was just as important…………Full Article: Source

Can buildings in the Middle East go green?

Posted on 11 August 2009 by Laxman  |  Email |Print

From Saudigazette.com.sa: In recent years, the Middle East has emerged as a center for monumental buildings. Dubai is currently building the world’s tallest - the Burj Dubai - while Saudi Arabia, Kuwait, Bahrain and Qatar consider building rival towers over the coming decade.
Although attention-grabbing, these developments also cause enormous environmental impact. It is estimated that buildings worldwide use 42 percent of the world’s energy and are responsible for 40 percent of greenhouse gas emissions………..Full Article: Source

Housing rebound may stall on climate law, GE, U.S. builders say

Posted on 10 August 2009 by Laxman  |  Email |Print

From Bloomberg: Legislation requiring new U.S. homes to be more energy-efficient threatens to smother a rebound in the housing market, homebuilders say.

Under a measure approved by the House and being considered by the Senate, new homes would be required to have more insulation, more-efficient doors and windows, and heating and cooling systems that consume less energy………..Full Article: Source

McKinsey: Green building can save US $1.2 trillion

Posted on 03 August 2009 by Laxman  |  Email |Print

From Commercialpropertynews.com: Investing in energy efficient buildings now will lead to as much as $1.2 trillion in savings by 2020, according to a new study from McKinsey & Co. In its new report, Unlocking Energy Efficiency in the U.S. Economy, the management consulting firm forecasted just how valuable aggressive green construction could prove to be for the United States.

McKinsey predicts 900,000 new jobs could be created and 1.1 gigatons of greenhouse gas could be reduced annually, if about $50 billion a year was invested in a comprehensive green building strategy during the next decade. This reduction would represent a 23 percent drop in energy consumption compared to current levels………Full Article: Source

UK property market turning green

Posted on 28 July 2009 by Laxman  |  Email |Print

From Business24-7.ae: Much has been made of the declining residential house prices across the world, but not so much has been said about residential development land – an asset which has seen an even more spectacular collapse in its value.

Some estimates suggest that some development lands have fallen by more than 55 per cent on average across the UK – or as much as 60 per cent in some specific areas – since the highs of 2007……….Full Article: Source

Sarasin launches new green listed fund

Posted on 22 July 2009 by Laxman  |  Email |Print

From IPE: Sarasin has launched what it claims to be the world’s first fund to specialise in investing in sustainable real estate companies.

The Swiss private bank has repositioned its former real estate equity vehicle to invest in listed global pioneers in the area of sustainable property………Full Article (Subscription Required) : Source

Jones Lang LaSalle outlines European green ambitions

Posted on 21 July 2009 by Laxman  |  Email |Print

From Businessgreen.com: Global real estate services giant Jones Lang LaSalle has revealed it is to roll out its green property consultancy services in key European markets, in response to growing interest from firms keen to reduce energy bills and carbon emissions across their office estates.

The company’s Upstream Sustainability Services division last month launched its Third Dimension sustainability risk mapping service in France and the Netherlands and is planning to take the service into the German market before the end of the year…….Full Article: Source

Real-estate fund focuses on sustainability

Posted on 21 July 2009 by Laxman  |  Email |Print

From Asianinvestor.net: Professional investors in Hong Kong can now access a new sustainable real-estate fund through Sarasin Bank on a private basis.
The bank has issued what it says is the world’s first fund to specialise in shares of listed sustainable property companies - those that are involved in the sustainable construction and management of properties, either through company shares or via real-estate investment trusts…….Full Article: Source

Sarasin unveils sustainable property fund

Posted on 15 July 2009 by Laxman  |  Email |Print

From International-adviser.com: Sarasin has re-positioned its Luxembourg-domiciled Real Estate Equity Fund as a sustainable property vehicle, with a new investment remit taking into account socially responsible and environmental considerations.

Sarasin Sustainable Equity Real Estate Global Fund, which invests in listed property companies and Real Estate Investment Trusts (REITs), will seek to capitalise on the political pressure on the property sector to develop sustainable solutions, make properties more energy efficient, avoid the use of hazardous materials and minimise the impact of developments on their surroundings…….Full Article: Source

US Property looks good in green

Posted on 26 June 2009 by Laxman  |  Email |Print

From Buyassociation.co.uk: Eco-friendly homes are a rare subject of positivity in a depressed real estate market in the US, according to the National Association of Home Builders.

The organisation says that more builders, renovators and home designers are obtaining its Certified Green Professional certificate while its National Green Building Programme is taking off……..Full Article: Source

UN acts to boost responsible property investment

Posted on 24 June 2009 by Laxman  |  Email |Print

From Propertyfundsworld.com: The Property Working Group of the United Nations Environment Programme Finance Initiative has launched the first in a series of toolkits aimed at helping investors understand and apply the principles of responsible property investment.

Professor Paul McNamara, co-chair of the UNEP FI Property Working Group and head of research at Prupim, says: ‘It is becoming increasingly clear that there is a growing willingness among property investors to take action and address material ESG issues, such as climate change, which property ownership and management raise…….Full Article: Source

The green mandate for commercial real estate

Posted on 22 June 2009 by Laxman  |  Email |Print

From Commercialpropertynews.com: Green building standards may not seem to be on the front burner of commercial real estate as much this year as last, simply because very little new development is breaking ground these days.
Yet think and planning and policy shifts regarding sustainable real estate go on, anticipating the day when development will begin again………Full Article: Source

Sustainable investment boosted by UNEPFI toolkit

Posted on 16 June 2009 by Laxman  |  Email |Print

From IPE: A new toolkit to guide investors through the process of investing in property in a sustainable manner has been launched by the Property Working Group (PWG) of the United Nations Environment Programme Finance Initiative (UNEP FI).

Much has been said by the main industry stakeholders about the importance of investing in sustainable real estate, so what does this new toolkit bring to the party?……Full Article (Subscription Required) : Source

Green construction jobs on the increase

Posted on 10 June 2009 by Laxman  |  Email |Print

From Thecareerengineer.com: The number of green building projects has risen significantly, if figures from NextGen Research concerning the sale of environmentally-friendly building materials are anything to go by.

However, the increase in the number of green construction jobs being created is not quick enough to tackle the growing problem of climate change, the Green Register has claimed……..Full Article: Source

Commercial property lacks green incentives

Posted on 05 June 2009 by Laxman  |  Email |Print

From Hotproperty.co.uk: The British property sector has been called upon to limit carbon emissions from offices, shops and factories, in the spirit of sustainable development. However, despite government policies to implement such limits, The British Property Federation (BPF) said that there is not enough incentive to make greener buildings a reality.

In the property sector, roughly half of the carbon emissions come from the commercial segment. The BPF estimates that this area of property should in theory be the easiest to reduce carbon emissions, but the government is not doing enough to encourage landlords to tackle the problem………Full Article: Source

UK: Property group calls for green policy change

Posted on 26 May 2009 by Laxman  |  Email |Print

From Reuters: Government policies to reduce carbon emissions from offices, shops and factories will fail without greater green incentives, a lobby group for property owners said on Tuesday.

The British Property Federation (BPF) said real estate should be one of the easiest areas to make carbon emissions savings but the government needed to encourage landlords and tenants to work together to make cuts…….Full Article: Source

Malaysia: Build green homes, developers told

Posted on 25 May 2009 by Laxman  |  Email |Print

From Thestar.com.my: Housing developers must do their part in helping stop climate change by designing buildings which are energy-efficient.

Chief Minister Datuk Musa Aman said builders should find ways to keep buildings in tropical countries cool without having to use too much energy to do so…….Full Article: Source

UK: Property market ‘must adapt or die’ in downturn

Posted on 15 May 2009 by Laxman  |  Email |Print

From Timesonline.co.uk: Adapt or die is the drastic Darwinian ultimatum usually invoked by green campaigners. It also applies to businesses hoping to survive the downturn.

In the housing industry, there are encouraging signs that some — from developers to estate agents — have taken the message to heart…….Full Article: Source

Australian green builders welcome national budget

Posted on 15 May 2009 by Laxman  |  Email |Print

From Edie.net: The Green Building Council of Australia (GBCA) has welcomed the announcement in this week’s budget that the country’s federal government will allocate A$3.3m over the next four years on increasing current energy efficiency requirements.

“We’ve advocated changes to the Building Code of Australia for some time, and welcome the Australian Government’s decision to increase the stringency of energy efficiency requirements for all classes of commercial buildings in the Building Code of Australia from 2010,” said Romilly Madew, the organisation’s chief executive…….Full Article: Source

Credit Suisse Green Property fund hits target

Posted on 13 May 2009 by Laxman  |  Email |Print

From Reuters: Though real estate markets the world over are in the doldrums, Credit Suisse said on Tuesday its Real Estate Fund Green Property had raised its target 300 million Swiss francs ($271 million) in commitments.

The bank said there was “intense demand” for the fund, which it described as “the first sustainable real estate fund in Switzerland”……..Full Article: Source

European financial performance is linked to ESG - research

Posted on 12 May 2009 by Laxman  |  Email |Print

From Ipe.com: Most European real estate fund managers believe there is a relationship between environmental performance and financial returns, according to a survey by the UK’s Environment Agency Pension Fund and Aviva Investors.

The same proportion of respondents (95%) said they held a broad social responsibility policy, although only 23% provided details of a policy targeted at a fund level…….Full Article: Source

Real estate fund managers link sustainability and returns

Posted on 08 May 2009 by Laxman  |  Email |Print

From Environmental-finance.com: A resounding 95% of real estate fund managers believe there is a relationship between environmental performance and financial returns, according to a survey of UK and European property funds.
However, “the majority felt this [relationship] was difficult to quantify at the current time,” said Aviva Investors, sponsors of the survey along with the Environment Agency Pension Fund…….Full Article: Source

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