1st Edition

Routledge Handbook of Sustainable Real Estate





ISBN 9781138655096
Published March 5, 2018 by Routledge
446 Pages

USD $240.00

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Book Description

With the built environment contributing almost half of global greenhouse emissions, there is a pressing need for the property and real estate discipline to thoroughly investigate sustainability concerns. The Routledge Handbook of Sustainable Real Estate brings together the latest research of leading academics globally, demonstrating the nature and extent of the impact as well as suggesting means of mitigating humankind's impact and building resilience. Four sections examine the different aspects of sustainable real estate:





  • governance and policy


  • valuation, investment and finance


  • management


  • redevelopment and adaptation.


Covering all land uses from residential to commercial, retail and industrial, the Routledge Handbook of Sustainable Real Estate is an exciting mixture of received wisdom and emerging ideas and approaches from both the developed and developing world. Academics, upper-level students and researchers will find this book an essential guide to the very best of sustainable real estate research.

Table of Contents

Editor biographies



Contributor biographies



Foreword by Theddi Wright Chappell



Acknowledgements



Part 1 Governance and policy



Chapter 1 Sustainable real estate: a snapshot of where we are



Sara Wilkinson, Norm Miller, Tim Dixon and Sarah Sayce



Chapter 2 Sustainable real estate and corporate responsibility



Norm Miller and Dave Pogue



Chapter 3 Energy upgrades in commercial property: Minimum energy efficiency standards, compliance pathways, and leases in the UK



Julia Patrick, Susan Bright, and Kathryn B. Janda



Chapter 4 Voluntary programs for low-carbon building development and transformation: Lessons from the United States



Jeroen van den Heijden



Chapter 5 Sustainable office retrofit in Melbourne



Sara Wilkinson



Chapter 6 International standards: Key to unlocking the value of green buildings?



Ben Elder





Part 2 Valuation, investment and finance



Chapter 7 Valuing sustainability in commercial property in Australia



Georgia Warren-Myers



Chapter 8 Existing building retrofits: Economic payoff.



Norm Miller and Nils Kok



Chapter 9 Building sustainability into valuation and worth



Sarah Sayce



Chapter 10 Green REITS



David Parker



Chapter 11 US green REITS



Vivek Sah and Norm Miller



Chapter 12 The ‘green value’ proposition in real estate: A meta-analysis



Ben Dalton and Dr Franz Fuerst



Chapter 13 Sustainability and housing value in Victoria, Australia



Neville Hurst and Sara Wilkinson





Part 3 Management



Chapter 14 Corporate real estate management: The missing link in sustainable real estate



Christopher Heywood



Chapter 15 The burgeoning influence of sustainability in managing UK retail property



Jessica Ferm and Nicola Livingstone



Chapter 16 Sustainable facilities management



Paul Appleby



Chapter 17 Building Energy Efficiency Certificates and commercial property: The Australian experience



Clive Warren



Chapter 18 Workplace ecology



Craig Langston and Abdallah Al-khawaja



Chapter 19 Creating a green index based on tenant demand for sustainable office buildings and features



Spenser J. Robinson and Robert A. Simons





Part 4 Redevelopment and adaptation



Chapter 20 Multi-stakeholder partnership promotes sustainable housing supply chain



 Connie Susilawati



Chapter 21 Scaling up commercial property energy retrofitting: What needs to be done?



Tim Dixon



Chapter 22 Sustainable building conversion and issues relating to durability



Hilde Remøy and Peter de Jong



Chapter 23 Sustainable urban redevelopment in the Netherlands



Erwin Huerkens



Chapter 24 Smart growth and real estate development in Saudi Arabia



Abdullah Alhamoudi and Peter Lee.



Chapter 25 Applying sustainability in practice: An example of new urban development in Sweden



 Agnieszka Zalejska-Jonsson



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Reviews

"A critical book for all corporate property and mass market housing developers. The chapters show that there are real pockets of deeper innovation and embedded sustainability practice in the market. Niches being developed that will help these companies to have a market advantage as the implications of future climate change and other ecological challenges reach consumer awareness." - Dominique Hes, Director, Thrive research hub

"For those involved in real estate either as a user, provider or consultant there can be no doubt that sustainability is a key challenge that simply cannot be ignored. The Handbook of Sustainable Real Estate brings together the work of highly experienced practitioners who, through their dedicated research and passion for the subject, provide a valuable and informed commentary upon many of the difficult issues that face us in our day-to-day activities. With sections on Governance, Valuation and Investment, Management and Redevelopment the book provides a well-balanced font of knowledge that will help students, decision and policy makers alike. I commend the handbook to those that embrace sustainability in all its forms and also to those who are yet to be persuaded." - Trevor Rushton FRICS FCABE ACI Arb, Technical Director, Watts Group Limited

"The Handbook of Sustainable Real Estate provides fascinating insights into the fundamental changes needed to ensure that property makes a substantive contribution to a sustainable future. The book employs a mix of detailed analyses and synoptic reflection to demonstrate the interlinked nature of the economic, social, cultural, organisational, technical and governance influences upon the emergence of a genuinely sustainable built environment. Drawing on international experience and expertise, it highlights the challenges of establishing agreed definitions and measures of sustainable buildings and their features, of incorporating these into real estate policy and practice, and of ensuring that their application produces robust evidence of sustainable buildings’ performance. Ways must be found for all real estate actors – developers, investors, occupiers and professional intermediaries such as appraisers – to engage with this process, even though may have ostensibly differing interests. The book shows that a promising start has been made to this process, but that much more needs to be done." - John Henneberry, Professor of Property Development, University of Sheffield, UK

 

"Working in sustainable real estate, one quickly comes to recognise that it is about a dynamic and active system where the sum, ‘Place making’, is far bigger than the parts, ‘Buildings’. As said Sir Patrick Geddes said "A city is more than a place in space, it is a drama in time". Sustainable place making is both integral to and drives how we live and work and enjoy the locations we inhabit. It also offers solutions for many societal and systemic problems faced by our societies today, from climate to health and well-being. The handbook is a comprehensive guide that challenges our understanding of why, how and what sustainable place making and green buildings can and should contribute to the drama of our life." - Tatiana Bosteels, Head of Responsible Property Investment, Hermes Investment Management

"Must be the most comprehensive collection of research and informed opinion to date on sustainable real estate. Reflecting the international dimension and reinforcing the argument that there are no borders regarding climate change, the editors of the handbook have brought together chapter contributions from leading researchers in sustainability in the built environment. Developed around key themes of governance and policy; valuation, investment and finance; management; and redevelopment and adaption issues the handbook stresses current deficiencies and deficits in issues central to the real estate sector stressing while technology and innovation have created new business landscapes, the professional real estate sector needs to upskill and provide leadership in creating a sustainable built environment. One of the most significant challenges identified in many of the individual chapters is the need to retrofit the existing building stock both commercial and residential property. A key message from the handbook is the need for sustained activity from public sector policy makers, building owners, professional surveyors and the financial sector in developing products and delivery vehicles to achieve energy efficiency targets and make the sector investable." - Professor Stanley McGreal, Director of the Built Environment Research Institute, Ulster University, UK