The impact of green premium on the development of green-labelled offices in the U.K.

The perceived wisdom in many studies is that the establishment of a premium value is an essential prerequisite for the promotion of green buildings. This green premium is then a driver of the development of new green buildings, as well as an agent of the green transformation of the existing non-labeled properties. In this study, green premium is assessed as a potential driver of labeled office property development. Thirty-two commercial real estate professionals, working for organizations that are involved in the development, sale, letting or management of green offices, were interviewed across four cities in the United Kingdom: London, Manchester, Birmingham, and Edinburgh. The results reveal that after 15 years of an active development of green offices, the existence of a green rent premium remains elusive. Similarly, no evidence was found of a willingness to pay more to occupy greenlabeled offices. The results suggest that a green premium cannot be simply seen in terms of a headline rent but more widely by reference to future income streams. Consequently, we propose a ‘‘green letting premium’’ as the primary motivation for the development of green offices. Our study contributes significantly to how green premium is defined, understood, and valued globally

The impact of green premium on the development of green-labelled offices in the U.K.

The perceived wisdom in many studies is that the establishment of a premium value is an essential prerequisite for the promotion of green buildings. This green premium is then a driver of the development of new green buildings, as well as an agent of the green transformation of the existing non-labeled properties. In this study, green premium is assessed as a potential driver of labeled office property development. Thirty-two commercial real estate professionals, working for organizations that are involved in the development, sale, letting or management of green offices, were interviewed across four cities in the United Kingdom: London, Manchester, Birmingham, and Edinburgh. The results reveal that after 15 years of an active development of green offices, the existence of a green rent premium remains elusive. Similarly, no evidence was found of a willingness to pay more to occupy greenlabeled offices. The results suggest that a green premium cannot be simply seen in terms of a headline rent but more widely by reference to future income streams. Consequently, we propose a ‘‘green letting premium’’ as the primary motivation for the development of green offices. Our study contributes significantly to how green premium is defined, understood, and valued globally

Perspectives on the Role of UK Planning in Land and Property Markets 1

Abstract There is a popular view that land use planning regulations ('planning') is hostile to both development and the development industry. Part of the reason for the prominence of this view is the homogenising of the notion of 'planning' and its reduction to development control. This paper argues that panning controls in the UK are far more sophisticated and, drawing upon empirical evidence of key property interests proposes a more complex and nuanced view of planning controls that, in large part, has the support of the developers and others. 1 This paper is based on a research funded by the UK Office of the Deputy Prime Minister. Our thanks to David Adams, Steve Tiesdell and Michael White for their comments and input, the respondents to the questionnaire and those who came to the focus group

Rien que des seuils : réflexion sur l'esthétique de l'interstice dans les oeuvres de Gabriel JOSIPOVICI

International audienc

Suburban Neighbourhood Adaptation for a Changing Climate (SNACC) final report

The report presents findings from the Suburban Neighbourhood Adaptation to a Changing Climate (SNACC) project. The project tested the effectiveness, feasibility and acceptability of a range of adaptations to the physical environment (i.e. to homes, gardens, and public spaces) that could be used to both mitigate and adapt to climate change in the UK

Valuing Flexible Offices in the UK

The provision of flexible office space grown significantly across the globe and has established itself within key markets, including central London, UK regional centres, the US and Europe. No longer confined to attracting only start-ups, it is increasingly considered a part of corporate office occupation that reflects changes in business, labour markets, and the wider economy.Landlords increasingly see flexible space as a means of attracting tenants to their buildings, as well as helping them retain occupiers and minimise vacancies amid new market trends.Flexible space includes a variety of types, all of which obviate leases and provide for short-term adjustments by occupiers. Occupiers benefit from a menu of services without facing overhead costs. The key issue is how this type of office is to be valued.​Our report outlines developments in the flexible office space sector from older and more recent literature, examines the definitions of flexible space, the growth of and changes in the sector, the issues as seen by flexible space providers and what issues there are for valuation. The sector remains relatively opaque with valuation information more limited than for standard offices

Valuing Flexible Offices in the UK

The provision of flexible office space grown significantly across the globe and has established itself within key markets, including central London, UK regional centres, the US and Europe. No longer confined to attracting only start-ups, it is increasingly considered a part of corporate office occupation that reflects changes in business, labour markets, and the wider economy.Landlords increasingly see flexible space as a means of attracting tenants to their buildings, as well as helping them retain occupiers and minimise vacancies amid new market trends.Flexible space includes a variety of types, all of which obviate leases and provide for short-term adjustments by occupiers. Occupiers benefit from a menu of services without facing overhead costs. The key issue is how this type of office is to be valued.​Our report outlines developments in the flexible office space sector from older and more recent literature, examines the definitions of flexible space, the growth of and changes in the sector, the issues as seen by flexible space providers and what issues there are for valuation. The sector remains relatively opaque with valuation information more limited than for standard offices