The momentum for delivering sustainable buildings to the market has been growing for years. What’s new is the willingness of buyers and tenants to seek out ‘green’ commercial premises.
There are a number of factors behind this change. Businesses of all sizes are getting better at counting the costs of owning or operating in buildings with poor environmental performance, and these costs are growing. Shortages in peak energy capacity, waning water availability and growing waste and transport costs have begun to bite Australian businesses. Owning or occupying commercial premises that deliver sound environmental performance offsets these costs.
But how do businesses distinguish between a building that will deliver strong environmental performance and a building whose green tag is nothing more than an exercise in marketing? Understanding the difference is critical. Real environmental performance translates directly into real commercial dividends.
From its inception, Billicorp has made it our business to understand sustainability so that we can assist your business. We have the expertise to help clients make commercial assessments of premises’ environmental performance. Asking the right questions is critical. To understand the environmental performance of a tenancy/property, you need to ask if:
- you can track the performance of components of your building that affect its sustainability profile, such as heating, cooling, lighting, ventilation and water use?
- your current metering system gives you a full picture of your tenancy’s/ property’s environmental outputs?
- you are able to identify ways to improve the environmental performance of your tenancy or property?
- you are able to benchmark and measure resource consumption and related costs across multiple tenancies/properties?
- you can assess a building’s performance against key performance indicators such as occupancy, work space ratios, fit-out, equipment usage, and hours of operation?
- you can report on your tenancy’s/property’s environmental performance accurately? And if
- you have a full understanding of the Australian Building Greenhouse Rating (ABGR) and the industry-led Green Star rating system?
Billicorp is also leading the commercial and industrial property sector in helping clients negotiate sustainable or ‘green’ leases. In simple terms, these are leases which include sustainability outcomes. Like all leases, they require careful negotiation. Billicorp has the expertise to identify and analyse the key issues for owners and occupiers party to a lease which seeks to incorporate meaningful sustainability outcomes.
Australia is gaining global recognition for its capacity to design and develop environmentally sustainable buildings that achieve commercial outcomes. In fact, the day when a commercial building’s green rating determines whether it sells or not may not just be near, it may have already arrived. Billicorp can help to ensure that your business reaps the benefits that come with this change.