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Australian companies lead sustainability in the property sector globally. In 2013, our mid-tier property owners are set to increasingly get on board
SYDNEY, 5 March 2013 – Australian companies are industry leaders for sustainability in the property sector globally*, and early adopters are now paving the way for mid-tier property owners to increase their take up of ‘green’ initiatives.
According to Joel Quintal, Director of Sustainability at Jones Lang LaSalle, collaboration between large companies within the property sector and mid-tier property owners is set to assist take-up of sustainability initiatives through shared learning.
“The attractiveness of the Australian property market is dependent on the industry as a whole. The aim for 2013 is to continue Australia’s global leadership in sustainability as a sector.”
Mr Quintal said there are huge benefits for having green buildings for investors, owners and tenants.
“Green buildings can attract higher rents and capital value than their conventional counterparts. In addition, greater employee productivity can result from improved Indoor Environment Quality (IEQ) and access to facilities that improve health and wellbeing.
“Research indicates that buildings that achieve a recognised green standard, such as Green Star, enable a more productive working environment through building features that improve wellbeing – including amenities, sense of space, noise and lighting levels and more,” said Mr Quintal.
Mr Quintal said companies who already are leaders in sustainability have a responsibility to share their knowledge and learning.
Jones Lang LaSalle’s James Guthrie, Head of Property Management, NSW, said, “Within all our client portfolios, we take sustainability seriously and look for opportunities to share expertise and success stories.
“Our property management team actively monitor sustainability performance to deliver operational efficiency and savings for our owners and tenants.
“In addition to supporting our clients, we recognise our role in supporting the wider range of organisations with the information now available. Business cases for sustainability initiatives can be progressed with this knowledge,” said Mr Guthrie.
Mr Quintal said one of the challenges for mid-tier property owners is a lack of dedicated sustainability personnel and a lack of time to dedicate to sustainability.
“To solve this, it’s imperative the right information and resources are available, including learning from existing case studies, receiving information from managing agents, industry experts and academics; and ultimately utilising the knowledge and actively getting involved.
“Property owners’ objectives are improving energy efficiency and attracting occupants by reducing the environmental footprint of their buildings, and providing a sustainable platform for occupiers to work with.”
Mr Quintal said it is expected there will be continued take up of sustainability initiatives this year as it remains a growing requirement for tenants and landlords.
“There are numerous examples of best practice around sustainability initiatives for companies of every size and in every sector, which have already been successfully implemented by early adopters.
“We expect these case studies will be increasingly utilised by mid-tier property owners in 2013,” concluded Mr Quintal.
* Global Real Estate Sustainability Benchmark: 2012. http://gresb.com/content/2012_GRESB_Report.pdf
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