Property sustainability: people and places make a difference
18 October 2007
King Sturge has published its annual European Property Sustainability Matters study.
King Sturge has published the fourth edition of its annual European Property Sustainability Matters study: "Places, people, investment values and the law."
The report highlights the importance of good governance as well as the economic and social challenges facing the built environment today and tomorrow.
Amid growing awareness that sustainability has become a top priority the report specifically analyses the financial implications for the property market and makes the following recommendations:
- Accelerating the more efficient use of buildings.
Using existing buildings more efficiently will have a much greater environmental payback than on-site micro-generation of renewable energy.
- Preparing and managing the built environment with climate change in mind.
Climate change is becoming a critical issue and as it influences the construction and maintenance costs of buildings, better asset and property management is required to control both costs and the impact on the environment.
- Considering the effects of sustainability on the value of property investments.
Sustainability and rising occupier costs may accelerate the depreciation of some property assets, again reinforcing the need for good governance and asset management.
