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Book part
Publication date: 29 March 2021

Timothy Tunde Oladokun and Robert Ereola Shiyanbola

Sustainable features are gradually becoming important considerations by commercial real estate users. This is because of their considered impact in reducing operating…

Abstract

Sustainable features are gradually becoming important considerations by commercial real estate users. This is because of their considered impact in reducing operating costs and potential at reducing the negative impacts of buildings on human health and the natural environment. This chapter sought to examine the demands for sustainable features by users of commercial real estate like offices in Lagos State, Nigeria. It also evaluated the factors influencing demand for them to achieve value for money and enhance real estate investment decisions. The quantitative research methodology was adopted, and primary data were collected via questionnaires distributed to 134 purposively selected estate surveying firms in the study area. Ninety-five representing (70.9%) were returned and found useable and were analysed with the aid of descriptive statistics of percentages, mean and relative willingness index. The study found that power/energy-saving features are in high demand as alternatives to the epileptic nature of power supply in the country. The study recommended the need for the government to encourage the adoption and incorporation of locally made sustainable features in commercial real estate and to subsidise them for use in the Lagos commercial real estate market. Thus, it is concluded that with the right environment created by policy makers, sustainable features in buildings have huge potentials to contribute to prevent environmental problems in an emerging commercial real estate market like Nigeria.

Details

Sustainable Real Estate in the Developing World
Type: Book
ISBN: 978-1-83867-838-8

Keywords

Article
Publication date: 18 June 2021

Sophia Marcian Kongela

Sustainability in the built environment is rapidly gaining attention worldwide, although many developing countries have not accomplished much on the ground as many…

Abstract

Purpose

Sustainability in the built environment is rapidly gaining attention worldwide, although many developing countries have not accomplished much on the ground as many sustainability aspects still remain untreated. Despite their low greenhouse gas contributions to the globe, the high rate of construction activities that do not embrace sustainable practices in these countries pose challenges to the environment. Using the case of Tanzania, this study assesses the level of sustainability awareness among key stakeholders in the built environment.

Design/methodology/approach

The study uses a mixed-method research approach where primary data was collected using a questionnaire and semi-structured interviews with key informants comprising engineers, architects, property managers, property owners, property users and academicians from institutions of higher learning.

Findings

Results show that despite the potential for a sustainable built environment, there is a low level of awareness among key stakeholders. Whereas few architects, who were aware, admitted to have not incorporated sustainability aspects in their building design, other stakeholders did not have active roles in decision-making involving building construction projects. Compared to the rest, the awareness level of property users was the lowest. Lack of a specific policy or policy statement on sustainable building, high initial costs of sustainable building, few skilled professionals and lack of a broad choice of building materials are some of the factors accounting for the low level of sustainability adoption in the built environment.

Originality/value

The significance of this study lies within the objective of showing awareness levels of sustainability aspects among key built environment stakeholders and policymakers, which is important in devising strategies for promoting sustainable construction practices.

Details

International Journal of Building Pathology and Adaptation, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2398-4708

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Article
Publication date: 26 September 2008

David Lorenz and Thomas Lützkendorf

The purpose of this paper is to explain the rationale for integrating sustainability issues into property valuation theory and practice and to provide initial suggestions…

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Abstract

Purpose

The purpose of this paper is to explain the rationale for integrating sustainability issues into property valuation theory and practice and to provide initial suggestions for valuers on how to account for sustainability issues within valuation reports.

Design/methodology/approach

The authors emphasise the key role of valuation professionals and of the valuation process itself in achieving a broader market penetration of sustainable construction. It is explained that, on the one hand, property valuation represents the major mechanism to align economic return with environmental and social performance of property assets, and thus to express and communicate the advantages and benefits of sustainable buildings. On the other hand, it is explained that gradual changes in market participants' perceptions in favour of sustainable buildings must be reflected within the property valuation and associated risk assessment process (otherwise valuers would produce misleading price estimates). The authors identify both the financial benefits and risk reduction potential of sustainable design as well as valuation input parameters that would allow these benefits to be reflected in property price estimates.

Findings

The authors show that the main reasons for immediately and rigorously integrating sustainability issues into property valuation are as follows: more sustainable patterns of behaviour are urgently necessary to sustain the viability of the Earth's ecosystems; a huge untapped market potential exists for sustainable property investment products and consulting services; sustainable buildings clearly outperform their conventional competitors in all relevant areas (i.e. environmentally, socially and financially); neglecting the benefits of sustainable design leads to distorted price estimates; and reflecting sustainability issues in property price estimates is already possible and the validity of this decision depends solely on the valuer's capability and sophistication to explain and justify his/her assumptions within the valuation report. However, it is also shown that efforts need to be undertaken to improve the description of property assets in transaction databases in order to provide the informational databases necessary to empirically underpin a valuer's decision to assign a “valuation bonus” to a sustainable building or a “valuation reduction” to an unsustainable/conventional one.

Originality/value

The paper postulates that valuation reports should be extended to include the following additional elements: a clear description of the availability of certain sustainability‐related property characteristics and attributes; a statement of the valuer's opinion about the benefits of these characteristics and attributes; and a statement of the valuer's opinion about the impact of these benefits and/or risks on property value.

Details

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

Keywords

Article
Publication date: 11 September 2019

John Dadzie, Goran Runeson and Grace Ding

Estimates show that close to 90% of the buildings we will need in 2050 are already built and occupied. The increase in the existing building stock has affected energy…

Abstract

Purpose

Estimates show that close to 90% of the buildings we will need in 2050 are already built and occupied. The increase in the existing building stock has affected energy consumption thereby negatively impacting the environment. The purpose of this paper is to assess determinants of sustainable upgrade of existing buildings through the adoption and application of sustainable technologies. The study also ranks sustainable technologies adopted by the professionals who participated in the survey with an in-built case study.

Design/methodology/approach

As part of the overall methodology, a detailed literature review on the nature and characteristics of sustainable upgrade and the sustainable technologies adopted was undertaken. A survey questionnaire with an in-built case study was designed to examine all the sustainable technologies adopted to improve energy consumption in Australia. The survey was administered to sustainability consultants, architects, quantity surveyors, facility managers and engineers in Australia.

Findings

The results show a total of 24 technologies which are mostly adopted to improve energy consumption in existing buildings. A factor analysis shows the main components as: lighting and automation, heating, ventilation and air conditioning (HAVC) systems and equipment, envelope, renewable energy and passive technologies.

Originality/value

The findings bridge the gap in the literature on the adoption and application of sustainable technologies to upgrade existing buildings. The technologies can be adopted to reduce the excessive energy consumption patterns in existing buildings.

Details

Journal of Engineering, Design and Technology , vol. 18 no. 1
Type: Research Article
ISSN: 1726-0531

Keywords

Article
Publication date: 19 April 2013

Deborah Levy and Gemma Peterson

The purpose of this paper is to explore how the availability of sustainable buildings may affect the decisions made by office occupiers in their building selection process.

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Abstract

Purpose

The purpose of this paper is to explore how the availability of sustainable buildings may affect the decisions made by office occupiers in their building selection process.

Design/methodology/approach

The structure of the paper includes a review of both the sustainability literature and traditional location literature which serves to inform the study. A qualitative study comprising 13 in‐depth one‐to‐one interviews with decision makers of a variety of organisations who have chosen to locate in a “sustainablebuilding within the central business district in Auckland, New Zealand is undertaken.

Findings

The research suggests that selecting a building that is perceived to be sustainable by the market may not be the ultimate driving factor in the office location decision and that more emphasis is placed on micro location factors, attractiveness to staff, marketing and flexibility. The importance of each of these factors tends to be influenced by the size and type of organisation as well as the availability of suitable buildings in the market. The research reinforces the finding that organisations generally seek accommodation that can “add value” to their specific business.

Practical implications

The study provides a deeper understanding on the impact of the emergence of sustainable buildings in the decision‐making process of office tenants and how this may be affected by the size and type of the occupier organisation. These findings will be of practical application to property professionals involved in the development, sale and valuing of sustainable buildings.

Originality/value

This paper provides in‐depth insights into business location decisions from the perspective of a variety of tenants choosing to locate within a CBD.

Details

Journal of Property Investment & Finance, vol. 31 no. 3
Type: Research Article
ISSN: 1463-578X

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Article
Publication date: 13 September 2011

Andrew Smith and Michael Pitt

This paper aims to examine the role of sustainable buildings in providing healthy workplaces in physical and perceptual terms.

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Abstract

Purpose

This paper aims to examine the role of sustainable buildings in providing healthy workplaces in physical and perceptual terms.

Design/methodology/approach

The paper takes the form of a literature review, considering the history of sustainable development in the built environment and its rationale, then widening the scope to consider sustainable, healthy and productive workplaces.

Findings

Sustainable construction has focused on environmental sustainability but this may have contributed to improved health, satisfaction and wellbeing amongst building users. Sick building syndrome and poor indoor air are contributory factors to ill health and reduced productivity but this paper suggests that sustainable building practices will reduce these effects, improving the quality of buildings for their occupants.

Practical implications

This paper argues that building performance measures need to take account of people factors such as employee perceptions and also that the design of workplaces should be regarded as a strategy for productivity enhancement. Management issues should be considered in the design of workplaces. The paper concludes that further research is required into the role of sustainable construction in providing healthy buildings.

Originality/value

The paper makes practical suggestions for corporate real estate and facilities management teams as well as those involved in the design of the buildings. Additionally, it opens suggested avenues for further academic research.

Details

Journal of Corporate Real Estate, vol. 13 no. 3
Type: Research Article
ISSN: 1463-001X

Keywords

Article
Publication date: 3 May 2017

Visar Hoxha, Tore Haugen and Svein Bjorberg

The purpose of this paper is to develop the empirically tested framework about the knowledge and perception about sustainability of building materials in Prishtina, Kosovo…

Abstract

Purpose

The purpose of this paper is to develop the empirically tested framework about the knowledge and perception about sustainability of building materials in Prishtina, Kosovo from the perspective of users, construction industry and facility managers.

Design/methodology/approach

A survey of representative sections of the population was designed and carried out in the capital city of Kosovo to determine the knowledge and perception of the population about the sustainability of building materials and to determine the main criteria of selection of sustainable building materials. The study may be used as guidelines for sustainable real estate developers in Prishtina during the materials selection process. Qualitative interviews were conducted with architects, consulting engineering companies, construction companies and facility managers from the region of Prishtina with open-ended questions also being used.

Findings

Results of quantitative research find that embodied energy, durability and low energy consumption are used as key criteria that influence the materials selection process on the part of users. The results of the cross-case analysis of qualitative measure the perceptions of construction industry and facility managers, according to which durability to a large degree is the main criterion for selection of sustainable building materials followed by embodied energy and low energy consumption.

Research limitations/implications

The study of measurement of level of knowledge and perception about sustainability of building materials in Kosovo focuses only on one pilot city; hence, further research is needed throughout Kosovo to validate the empirically tested tool within other geographical settings in Kosovo.

Originality/value

This survey represents the first quantification of knowledge and perception regarding the sustainability of building materials among users, construction sector and facility managers.

Details

Facilities, vol. 35 no. 7/8
Type: Research Article
ISSN: 0263-2772

Keywords

Article
Publication date: 21 June 2013

Henna Eerikäinen and Anna‐Liisa Sarasoja

The aim of this article is to examine the current marketing situation of sustainable buildings from a Finnish real estate developer’s perspective and deepen the market’s…

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Abstract

Purpose

The aim of this article is to examine the current marketing situation of sustainable buildings from a Finnish real estate developer’s perspective and deepen the market’s understanding on this subject.

Design/methodology/approach

The theoretical part of the paper is conducted through a literature study, and for the empirical part three different green building development projects were examined.

Findings

Results indicate that the environmentally efficient characteristics of the buildings are not considered to be their major selling arguments but simply something that is expected in today’s market and thus the green marketing actions of the real estate development company were subtle and quite ineffective.

Practical implications

It seems that at the moment, the marketing of sustainable buildings lacks green ambition and not all are equally convinced about their differentiation potential. However, by increasingly concentrating on the different benefits of sustainable buildings and effectively communicating those to the customers, greenness can be made into a truly competitive marketing argument.

Originality/value

The technology needed to build environmentally efficient buildings and the knowledge about their benefits is available. However, the ways of marketing these benefits to the public and customers and, as a result, increasing the amount of green buildings have not been the subject of much research.

Details

Property Management, vol. 31 no. 3
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 11 May 2018

Dave Collins, Tore Haugen, Carmel Lindkvist and Christian Aamodt

The purpose of this paper is to explore how sustainable facilities management (SFM) and sustainable buildings (SB) can be designed and managed, bridging these gaps with a…

Abstract

Purpose

The purpose of this paper is to explore how sustainable facilities management (SFM) and sustainable buildings (SB) can be designed and managed, bridging these gaps with a more integrated process. The need to bridge the traditional gap between design, construction and FM demands more effective solutions based on life cycle assessments. This also requires a coordinated approach with emerging environmental and sustainable initiatives in new and refurbished buildings. The solutions to these issues and aspects of the “Green Shift” need to be co-ordinated at the strategic and tactical levels of an organisation with an aim of further implementation at the operational level.

Design/methodology/approach

This paper takes the form of an exploratory approach based on six different case studies. The data have been sourced from cases studies involving interviews and documentation from large public institutions on how they manage and operate their existing buildings and how FM strategies are coordinated at all levels. A particular focus has been placed on buildings for higher education and research institutions. The authors have used a theoretical multidimensional framework for analysing the gaps based on models for sustainable development, life cycle assessments of buildings and recognised models for efficient FM. The case studies have been supported by literature research and documentation from a number of applied projects.

Findings

In conclusion, this study demonstrates that in the context of the Norwegian cases, there is currently little consistency in the degree to which the bridging of the gap between sustainable FM and SB is achieved or attempted.

Originality/value

This paper offers a contribution to the study of how public buildings approach the development of the building stock, whilst also dealing with the challenges associated with bridging the gap between the buildings and the FM that supports the building. The introduction and use of a multidimensional theoretical framework for analysing sustainability in buildings and FM creates a new platform for further research, development and implementation in practice.

Details

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

Keywords

Article
Publication date: 26 June 2019

Visar Hoxha and Fjolla Shala

The purpose of this paper is to study the benefits of construction of sustainable buildings and highlight the challenges of achieving sustainable buildings in Kosovo. The…

Abstract

Purpose

The purpose of this paper is to study the benefits of construction of sustainable buildings and highlight the challenges of achieving sustainable buildings in Kosovo. The present paper not only focuses on social, economic and environmental benefits of the sustainable buildings viewed from the perspective of construction industry experts but also on the challenges that the construction industry in Kosovo faces in achieving sustainable buildings.

Design/methodology/approach

The present study uses a qualitative research method and semi-structured interviews as a research instrument. The present study interviews around 20 experts of real estate management, architecture, civil engineering and sustainability.

Findings

The present research finds that the citizens of Kosovo are not very well informed about the benefits of sustainable buildings due to lack of adequate promotion of such buildings. The present study finds that sustainable buildings from the view of construction professionals in Prishtina, Kosovo, have economic, social, and environmental benefits mainly in the form of energy savings, lower operational costs, reduction of pollution and CO2 emissions and better health and satisfaction of occupants. The challenges are mainly of economic, structural and organizational and regulatory character.

Research limitations/implications

The present study has great implications for the society and construction industry because it shows to the investors all the benefits of building and using sustainable buildings. The findings of the present study, to a certain extent, fill the gap of lack of information that the construction industry in Kosovo faces regarding the benefits and challenges of sustainable buildings. The construction industry, buyers and authorities can benefit from the present study since they can understand the benefits and challenges of sustainable buildings, which can encourage them to invest more in sustainable buildings.

Originality/value

The study is the first qualitative study about the perception of construction professionals in Prishtina, Kosovo, regarding the benefits and challenges of sustainable buildings.

Details

Facilities , vol. 37 no. 13/14
Type: Research Article
ISSN: 0263-2772

Keywords

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