The relationship between sustainability and commercial value in the UK

Henry, Jacob Milo (2011) The relationship between sustainability and commercial value in the UK. BSc dissertation, University of Portsmouth.

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    Abstract

    The UK’s carbon agenda has seen a boom in the implementation of green technology in the built environment and has meant that the term ‘sustainability’ has become a buzz phrase for our time. This dissertation looks to examine the increased awareness in the industry and aims to evaluate the relationship between sustainability and commercial property value in the UK. This dissertation includes a literature review to outline published research in the field, whilst also using qualitative and quantitative research to assess if the industries increased awareness in sustainability is affecting the procurement of greener space. It can be seen through the development of the research, the industry is beginning to acknowledge the benefits of embracing sustainability. However, due to other economic factors, current drivers are not having the desired impact on the investors and occupiers and due to the slow markets; there is a serious lack of evidence to prove the existence of ‘green premiums’. From conducting a comprehensive literature review, it has been discovered that there are many definitions of sustainability. However, currently there is no universal standardised definition. This has shown to cause serious difficulties in the application of applying sustainable factors to building valuations and is seen as a serious barrier when implementing green value. Overall it has been noted that until a standardised definition is reached, the relationship between sustainability and commercial value will remain hypothetical rather than evidential.

    Item Type: Dissertation
    Departments/Research Groups: Faculty of Technology > School of Civil Engineering and Surveying
    Depositing User: Jane Polwin
    Date Deposited: 29 Nov 2012 16:48
    Last Modified: 28 Jan 2015 12:11
    URI: http://eprints.port.ac.uk/id/eprint/9838

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