It’s Time to Take Sustainability Seriously

Sustainability. In the property world, it’s always been one of those lovely sentiments that would be nice to have, but it’s not really a necessity. Until now.  

As legislation directives and consumer demand take a step forward, sustainability is becoming more and more relevant to what we do.   

There’s plenty that goes into creating a sustainable project. It’s no longer just a ‘feel good, nice to have’ attitude.   

The industry is finally taking the issue seriously with the understanding that achieving sustainability can directly impact the project’s overall feasibility and ongoing success.   

Environmental Strategies  

First and foremost, we all know that the environmental impact of new developments can take a toll. But planning early with sustainability in mind can help to reduce the carbon footprint of construction by choosing the right materials and site locations.  

Taking a sustainable approach to design can also allow room for ongoing operational environmental efficiency in projects for years to come.  

Social Strategies  

For the consumer, sustainability is quickly climbing the list of priorities when it comes to newly built buildings.  

Sustainable projects are engaging with consumers’ carbon-neutral expectations as well as helping to support the overall health and well-being of occupants for years to come.  

Economic Strategies  

And finally, sustainability will reduce ongoing building operational costs by ensuring the materials are set to last.  

Having a strong environmental strategy will also boost the capitalisation rate and the valuation of property assets.   

Not to mention, an environmental strategy gives you access to green loans and other social strategies being pursued by debt and equity funders.  

So don’t get stuck in the past. If you want projects that last, it’s time to start prioritising a sustainable approach to make sure your next project will stand the test of time. 

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