From Vnunet.com: The economic downturn could inadvertently spark a major programme of green building improvements across the commercial property sector, according to one of the UK’s leading investment advisory firms.
Chris Tattersall, UK managing director at investment consultancy Smart, which frequently advises property investors, said that signs were already emerging that the downturn in the property market was prompting growing numbers of investors and fund managers to assess the environmental performance of their portfolios. “It is the investment community that will ultimately drive [green building improvements],” he said. “The downturn means they are asking what their properties are worth and are looking for valuations… and they increasingly realise that environmental performance is intrinsic to that value.”…. Full Article: Source