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1 – 10 of over 3000
Article
Publication date: 28 October 2022

Dave Collins

The purpose of this study is to look at what Urban Facilities Management (FM) and Green Leasing have in common and the degree to which they are ultimately reliant on one another…

Abstract

Purpose

The purpose of this study is to look at what Urban Facilities Management (FM) and Green Leasing have in common and the degree to which they are ultimately reliant on one another. Whilst both are similar in terms of their placement in organizational management, Green Leasing is a building level concept whilst Urban FM is at the community level. The primary purpose of this paper is to show how the commonalities of both can strengthen one another and offer tangible possibilities to improve the sustainable credentials of urban development projects.

Design/methodology/approach

This study will be conducted with a mixed-methods approach. Firstly, a literature study will determine the commonalities between both concepts, and the degree to which they rely on one another to work effectively in projects. The second method will be a cross-sectional case study. Using existing cases that use both (either implicitly or explicitly), the study can demonstrate how these commonalities and reliabilities can offer tangible outputs to real work projects. These will then be combined in a case study to demonstrate many of these aspects in a real-world setting.

Findings

The finding demonstrates that there are commonalities between Green Leasing and Urban FM at all levels of organizational management and that the success of both requires holistic consideration of each other, as well as other aspects such as FM and citizen participation. The success and failure of projects are depending upon considering these aspects. By not considering the buildings and community levels as separation aspects, but more as different levels of the same project, multi-level considerations can contribute to the success of urban development projects.

Originality/value

The commonalities between Urban FM and Green Leasing are profound and do not just show the value of holistic thinking, but also the inclusion of other considerations such as FM to reduce project failure and long-term project viability. This can add value to the study of not just Urban FM and Green Leasing, but also FM more generally, architectural design and urban planning.

Article
Publication date: 26 September 2008

Mark Hinnells, Susan Bright, Angela Langley, Lloyd Woodford, Pernille Schiellerup and Tatiana Bosteels

This paper seeks to consider how policy changes may drive a change in leasing practices, in order to reduce environmental impact (particularly carbon dioxide emissions) from the…

4451

Abstract

Purpose

This paper seeks to consider how policy changes may drive a change in leasing practices, in order to reduce environmental impact (particularly carbon dioxide emissions) from the commercial building stock.

Design/methodology/approach

In many countries, including the UK, environmental policy (particularly on carbon dioxide emissions from energy use) is beginning to impact on the commercial property market. This paper explores barriers to improved performance, two models for greening leases (a light green and dark green approach) based on work by the authors from Cardiff University and the Australian government, as well as how tenanted buildings can be managed “more greenly”. It then explores how green leases may penetrate the market.

Findings

The conventional relationship between the landlord (as building owner) and tenant (as occupier) largely neglects environmental considerations. However, change may be rapid, disruptive and challenging.

Originality/value

The paper lays out some of the issues, solutions, and pathways for the commercial property industry.

Details

Journal of Property Investment & Finance, vol. 26 no. 6
Type: Research Article
ISSN: 1463-578X

Keywords

Article
Publication date: 8 April 2014

Susan Bright and Hannah Dixie

– This paper aims to report on research that investigates the use of green clauses in leases of office and retail premises in England and Wales.

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Abstract

Purpose

This paper aims to report on research that investigates the use of green clauses in leases of office and retail premises in England and Wales.

Design/methodology/approach

The authors examined 26 recent leases of green build properties registered at HM Land Registry. The green clauses discovered were classified and compared with the model form green clauses promoted by the London-based Better Building Partnership's Green Lease Toolkit.

Findings

Of the 26 leases analysed, 18 contained some form of green provision.

Research limitations/implications

As the sample selected was not representative, a larger study is needed to detect trends in green leasing. This research method does not show the impact of green clauses on property management.

Practical implications

This research illustrates the types of clauses that have been used in leases but also shows that green leasing principles are not yet the industry standard. Many new, long leases still make no reference to environmental practices.

Originality/value

This is the first research to be done examining the green content of agreed leases and develops a methodology that can be used for future research.

Details

International Journal of Law in the Built Environment, vol. 6 no. 1/2
Type: Research Article
ISSN: 1756-1450

Keywords

Article
Publication date: 3 April 2017

Raufdeen Rameezdeen, Jian Zuo and Jack Stevens

This paper aims to investigate the practices, drivers and barriers which influence the implementation of green leases in South Australia. Despite some efforts on legal aspects of…

Abstract

Purpose

This paper aims to investigate the practices, drivers and barriers which influence the implementation of green leases in South Australia. Despite some efforts on legal aspects of green leases, only a few studies have examined these aspects from an operational perspective. In addition, very little empirical evidence was presented in previous studies to show how green leases work in real-life settings.

Design/methodology/approach

Data were collected using semi-structured interviews with landlord and tenant representatives who have considerable experience in green leases. These interviewees were selected via a purposive sampling technique that identified buildings which use green leases in South Australia. The concept of interface management (IM) was used to operationalize this research.

Findings

The green leases were found to be mainly initiated by tenants while government involvement, economic and environmental benefits are the main drivers in South Australia. Drivers such as staff retention, well-being and corporate social responsibility are found to be more relevant to tenants. Lack of awareness and transaction costs are the main barriers to the implementation of green leases.

Research limitations/implications

This study focuses on the South Australian context and mainly covers dark green leases. There are implications for the government’s continued involvement and the promotion of lighter shades of green leases to overcome operational issues and barriers identified in this study.

Originality/value

This study contributes to the body of knowledge on the subject of green lease implementation from an operational perspective. In addition, the study introduces a conceptual framework via IM that could be used in future research endeavours.

Details

Journal of Corporate Real Estate, vol. 19 no. 1
Type: Research Article
ISSN: 1463-001X

Keywords

Article
Publication date: 15 February 2019

Raufdeen Rameezdeen, Jian Zuo, Jorge Ochoa Paniagua, Anthony Wood and Phuong Do

A green lease incorporates sustainability practices to reduce a building’s negative impact on the environment. Facilities managers play an important role in ensuring these best…

1178

Abstract

Purpose

A green lease incorporates sustainability practices to reduce a building’s negative impact on the environment. Facilities managers play an important role in ensuring these best practices are implemented during the operational stage of a building; however, green leasing is an under-researched area in the emerging field of sustainable facilities management (SFM). This paper aims to investigate the common barriers encountered in ensuring environmental performance when a green lease agreement is in operation between a landlord and tenant.

Design/methodology/approach

This research was conducted in three stages using the principal-agent problem as the theoretical foundation for data collection. Stages 1 and 2 used semi-structured interviews to collect data with policy/corporate-level professionals, landlord and facilities management representatives who have considerable experience in green leases. Stage 3 used document reviews based on summative content analysis to further evaluate the extent of the contextual use of green leasing concepts as used within the facilities management community.

Findings

The study confirmed a strong incentive gap and information asymmetry between the landlord and facilities manager, forming a typical double principal-agent problem when the split incentives between the landlord and tenants are also taken into consideration, which results in agents acting on their own self-interest rather than the interests of the principal. Goal alignment is found to be key for the successful operation and management of a building throughout its life; when present, these goal conflicts can lead to disharmony between the parties to the contract.

Research limitations/implications

The study proposes a few practical measures to close the gaps in incentive and information asymmetry that create the principal-agent problem, while providing recommendations to the facilities management professional community. These recommendations could be included in future revisions of the SFM guidelines or code of practices used by the industry. Although this study exposed a rather neglected area of the facilities manager’s role in green leases, the findings are limited by the relatively small sample size used for the interviews.

Originality/value

This study contributes to the SFM body of knowledge from a green lease perspective, and the theoretical framework in the double principal-agent problem introduced in the study could be used in future research endeavours.

Details

Facilities, vol. 37 no. 9/10
Type: Research Article
ISSN: 0263-2772

Keywords

Article
Publication date: 14 September 2017

Nayani Hettige, B.A.K.S. Perera and Harshini Mallawaarachchi

The purpose of this paper is to identify the enablers and barriers to the adoption of green leasing in Sri Lanka and propose probable solutions.

Abstract

Purpose

The purpose of this paper is to identify the enablers and barriers to the adoption of green leasing in Sri Lanka and propose probable solutions.

Design/methodology/approach

As an in-depth investigation was required, the case study method with a qualitative approach was selected as the research methodology. A documentary review and semi-structured interviews on three selected green buildings were conducted to study their leasing processes. QSR NVivo statistical analysis software was used for the content analysis.

Findings

Enablers and barriers to the adoption of green leasing under different categories such as those related to processes, institutions and government and also to legal, economic and social factors were determined along with probable solutions identified through a comprehensive framework that was developed.

Practical implications

The findings can be used as a basis to evaluate the current leasing processes that have adopted this emerging and important approach toward the sustainable operation and management of green buildings.

Originality/value

The little attention paid to this latest concept makes it important to evaluate the adoptability of green leasing in developing countries. Hence, the determination of key enablers, barriers and solutions was the focal point of this research.

Details

Built Environment Project and Asset Management, vol. 7 no. 4
Type: Research Article
ISSN: 2044-124X

Keywords

Article
Publication date: 6 November 2018

Dave Collins

This paper aims to identify the state of the art in Green Leases and Green Leasing in theory and practice, while also identifying how the roles and motivations of the stakeholders…

1184

Abstract

Purpose

This paper aims to identify the state of the art in Green Leases and Green Leasing in theory and practice, while also identifying how the roles and motivations of the stakeholders of “owner/landlord”, “lessee” and “facilities management” are different in a building that uses Green Leasing and Green Leases, as opposed to the one without.

Design/methodology/approach

Through existing literature and existing case studies from 1995 to the present day, this paper will identify the state of the art of Green Leases and Green Leasing and the extent to which literature-based discussions have played out in their practical application in the real estate sector. The roles of key stakeholders will be analysed and then compared to the interactions and roles identified in a theoretical model that describes the same stakeholders but from a more traditional stakeholder perspective. This will be achieved through using literature from journal papers mostly from the disciplines of built environment, facilities management, finance, investment, law, management and real estate.

Findings

The literature and case studies found in literature demonstrate a gradual move towards advancing Green Lease adoption and development. While the roles of key stakeholders do see a change in Green Leased buildings in terms of, for example, changing competencies for facilities managers (FMs) and more user engagement with their buildings sustainability, the literature indicated most of the changes are realised through a strengthening of existing interactions already evident in buildings without a Green Lease or Green Leasing.

Originality/value

This paper provides a state of the art review on the development of Green Leasing and Green Leases in theory and practice from a stakeholder perspective. It provides possibility to expand further on the changing roles of these stakeholders in Green buildings, which in turn could also positively affect the further development of Green Leases themselves, as well as sustainable certification methodologies such as Europe’s leading certification “Building Research Establishment Environmental Assessment Method” (BREEAM).

Article
Publication date: 19 June 2017

Yasmin Mohd Adnan, Nur Uyun Aman, Muhammad Najib Razali and Md. Nasir Daud

With the impending development of green buildings in Kuala Lumpur, the capital city of Malaysia, managing the criteria within the requirements of the rating tool’s certification…

1637

Abstract

Purpose

With the impending development of green buildings in Kuala Lumpur, the capital city of Malaysia, managing the criteria within the requirements of the rating tool’s certification shall be the responsibility of the respective parties when these buildings are in operations. In tenanted buildings, a lease agreement spells out the responsibilities of the owner/landlord and the tenants. The paper aims to discuss these issues.

Design/methodology/approach

The main aim of this study is to gauge the implementation of green lease among office buildings in Kuala Lumpur. This is made through an initial review of the adoption of green building criteria as well as the determination of the drivers and barriers perceived by office building managers in implementing green lease.

Findings

A survey amongst the managers of top grade office buildings in Kuala Lumpur revealed that the majority practiced some of the green criteria outlined in the Green Building Index. It also revealed that the most significant green lease terms commonly acknowledged by the respondents were energy and water-saving consumption as well as recycled material usage.

Originality/value

Through the identification of the barriers to implement green lease, the most significant barriers identified were related to cost and financing. Having identified these obstacles, appropriate action can be taken to bring forward green lease awareness amongst the various stakeholders in the office building sector in ensuring the successful operation of green buildings.

Details

Property Management, vol. 35 no. 3
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 13 April 2012

A. Craig Roussac and Susan Bright

The purpose of this paper is to illustrate, by reference to practical examples, how leases of commercial buildings can be more responsive to environmental issues.

1242

Abstract

Purpose

The purpose of this paper is to illustrate, by reference to practical examples, how leases of commercial buildings can be more responsive to environmental issues.

Design/methodology/approach

The paper explains how difficult it is within the structure and content of conventional leases to reduce the environmental impact of the tenanted commercial built environment. It explores the interplay between the content and structure of commercial leases and the behaviour of building owners, managers, tenants and occupants, illustrated through the experiences of a large Australian‐based commercial office building owner/operator.

Findings

With reference to practical examples it shows how conventional leases stifle innovation and illustrates the difficulties in drafting leases that enable a responsive approach to building management to be adopted. It shows how more fundamental changes that align and reward owners and tenants for working together for mutual benefit are required.

Practical implications

The paper presents a number of “model clauses” for encouraging best environmental practices and concludes with a suite of recommendations.

Originality/value

Although there have been conversations about green leases in recent years, there is little detailed evidence of their use in the marketplace. This paper remedies that deficiency by taking a case study approach that: illustrates the opportunities and difficulties in negotiating green leases; and shows how attempts to provide innovative building management can be hindered or supported by lease terms.

Details

International Journal of Law in the Built Environment, vol. 4 no. 1
Type: Research Article
ISSN: 1756-1450

Keywords

Article
Publication date: 2 March 2012

Magnus Bonde

The purpose of this paper is to investigate if a green lease could eliminate the split incentive problem in two office buildings located in Stockholm, Sweden. It aims to provide a…

1170

Abstract

Purpose

The purpose of this paper is to investigate if a green lease could eliminate the split incentive problem in two office buildings located in Stockholm, Sweden. It aims to provide a theoretical overview concerning the “energy paradox” and to describe a case study in which a green lease was to be implemented in the legal framework for two office buildings in the Stockholm region.

Design/methodology/approach

This paper documents a case study, in which a green lease was to be implemented in the legal framework for two office buildings, to promote a more active engagement in the buildings energy performance. In order to accomplish this, a project group was formed which consisted of representatives from the building owners, tenant, property manager, energy consultants and KTH, Royal Institute of Technology, Stockholm.

Findings

This paper reveals that it is very hard to alter already legally binding agreements. Furthermore, it shows that the separation of ownership and usage of a building may not be optimal from an energy efficiency point of view.

Originality/value

The paper gives an empirical explanation as to why at times energy efficiency measures are not undertaken, even though the investments themselves bring about a positive net present value. In addition, the paper analyses the situation where property maintenance is outsourced to a property management firm, which is a common but seldom discussed situation in the literature.

Details

Journal of Corporate Real Estate, vol. 14 no. 1
Type: Research Article
ISSN: 1463-001X

Keywords

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