Sustainable property investment: valuing sustainable buildings through property performance assessment

Lützkendorf, Thomas; Lorenz, David

doi:10.1080/09613210500070359

Cited by 139 publications

(105 citation statements)

References 32 publications

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“…A central tenet of sound advice is the solidity of the information base on which it is founded. However, as Lutzkendorf and Lorenz (2005) argue, there is a lack of evidence on the nature of the value effects of including sustainable features in buildings and the linking of these attributes to their different sources (marketing benefi ts, energy savings and so on). As Lorenz (2008, p. 129) points out … it will take years to accumulate the informational data basis necessary to empirically underpin a valuer ' s decision to provide a ' valuation bonus ' for a sustainable building or a ' valuation reduction ' for a conventional one.…”

Section: Tmentioning

confidence: 99%

“…Almost certainly owing to the absence of data, until recently, much of the research of the pricing effect of sustainable features in commercial property assets has been normative, analysing what the price effect should be rather than positive, what the price effect actually has been (see, for example, Sayce et al , 2004 ;Lutzkendorf and Lorenz, 2005 ).…”

Section: Tmentioning

confidence: 99%

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Assessing the valuation implications of the eco-labelling of commercial property assets

McAllister

2009

J Retail Leisure Property

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Pat McAllisteris a senior lecturer in real estate appraisal at the School of Real Estate and Planning at the University of Reading. Pat ' s principal research interests are in real estate appraisal and pricing. He has conducted a number of studies examining the effects of environmental certifi cation of real estate assets on occupancy rates and prices.ABSTRACT This article evaluates the valuation issues raised by voluntary and mandatory eco-labelling of commercial property assets. The role of appraisers in property investment markets and the objectives and methods of property valuations are discussed. The diffi culties of incorporating the (potential) price effects of sustainable characteristics into property valuations are identifi ed and evaluated. It is concluded that, although the evidence base for the benefi ts of eco-labelled buildings is robust, the evidence base to estimate price differentials between eco-labelled and non-labelled buildings is lacking. However, as the market penetration of voluntary and mandatory eco-labels increases, valuers are more likely to be able to obtain evidence of price effects.

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Section: Tmentioning

confidence: 99%

Section: Tmentioning

confidence: 99%

Assessing the valuation implications of the eco-labelling of commercial property assets

McAllister

2009

J Retail Leisure Property

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“…(Kim et al, 2005), (LEED, 2002), (Shen et al, 2007) 1.1.3. Developing Damaged Areas (GBI, 2010), (Shen et al, 2007), (Lützkendorf & Lorenz, 2005) 1.1.4. Ecosystem Preservation (Shen et al, 2007), (Kim et al, 2005), (LEED, 2002), (GBI, 2010) (Shen et al, 2007) 1.3.4.…”

Section: F) Innovation and Design Process Considerationsmentioning

confidence: 99%

“…Controllability of systems (thermal, ventilation and lighting systems) by occupants should be implemented to ensure high quality indoor air for occupants (Lützkendorf & Lorenz, 2005).…”

Section: E) Indoor Environmental Qualitymentioning

confidence: 99%

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Integrating and ranking sustainability criteria for housing

Abdul‐Rahman

Chen

Wood

et al. 2016

Proceedings of the Institution of Civil Engineers - Engineering

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Numerous researchers have determined sustainability criteria relating to environmental performance but the other two sustainability components -economic and social performance -have not been taken into consideration in an integrated and hierarchy manner. Existing sustainability assessment methods (e.g., LEED, GBI, IGBC, and BREEAM) ignore the economic and social aspects, and sustainable criteria are not prioritized for decision making facilitation. To prioritize sustainable criteria for residential buildings in the triquetrous sustainability model including environmental, economic, and social in a global and integrated manner, a Fuzzy-AHP tool was employed and a structured expert-based development process comprised of seventeen building practitioners and eight academics from sixteen nations was conducted globally among carefully selected experts. A Fuzzy Weighted Hierarchy for Triquetrous Sustainability (FWH-TS) in residential buildings was developed at the end of this study. Assisted by programmers, the FWH-TS is expected to be developed into a PC software or Apps in the near future to improve construction management.

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2017

Value in a Changing Built Environment

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Sustainable property investment: valuing sustainable buildings through property performance assessment

Cited by 139 publications

References 32 publications

Assessing the valuation implications of the eco-labelling of commercial property assets

Assessing the valuation implications of the eco-labelling of commercial property assets

Integrating and ranking sustainability criteria for housing

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