I was back at Nottingham Trent University last week – in the newly opened Business Centre in the Newton Building. I blogged about our look around earlier in the year.
The subject area was whether there is any difference in the value of sustainable buildings against non-sustainable buildings!
Of course the biggest issue was the definition of a sustainable building – there are so many standards and benchmarks that a consistent measure is difficult to establish. IPD have set out a new index – IPSI, but this quite new and has really no significant data to help.
The current reality is that in the property industry no-one pays more rent for sustainable buildings. As rent and capital value are inexorably linked, whether or not a building is sustainable is not yet affecting property value. But this might change. As energy prices increase occupiers are likely to look at costs carefully. The introduction of Energy Performance Certificates might also start to impact on the market.
Sustainability is about a mix of energy efficiency, climate control, waste, water management, adaptability and pollution. It is now suggested that sustainability has three pillars – social, economic and environment. Ensuring that each of these is protected or improved equals a sustainable building.
I was interested to learn that some research had suggested that occupiers look at a menu before choosing a building, the order was:
1. Location
2. Availability
3. Build quality
4. Running costs
5. Architecture
6. Sustainability
My view is that this reflects the real commercial market. Price will also be a factor! You can debate the order, but it was interesting to see where sustainability featured.
The other issue is that we concentrate on new buildings. Breeam assessments in the UK can be obtained for new buildings – but are not compulsory. They are really a marketing tool – and a measure of a buildings position in the spectrum of sustainable construction. But the building stock in the UK comprises many old buildings and sometimes we overlook them. They can be sustainable when the alternative is demolition and new building (with the associated energy required). We have lots of under-itilised space in the UK – and as I blogged a couple of days ago – we are now starting to take these buildings apart to avoid empty rates.
We really do need to stop and consider what we are doing with our buildings. We need a clear position statement on climate change and very clear labelling of some of the technologies involved – some of the payback period information is just unhelpful and confusing. The University of East Anglia haven’t helped either – fudging the figures.
Long life – loose fit is the buzzword for buildings moving forward. Sustainable and flexible. If we get this half-right we will be doing well!
UPDATE 31.3.10
This morning there is news on the BBC that the The Commons Science and Technology Committee have decided that the data used at UEA was not flawed. If you read the report they have not exactly cleared the matter up! For once, could someone give a straight answer?





