TWO GREEN THUMBS UP

Written on the 8 September 2014 by Laura Daquino

TWO GREEN THUMBS UP AUSTRALIA is paving its way to a greener world more than any other country, according to the latest Global Real Estate Sustainability Benchmark (GRESB).

The report analysed data from 637 listed property companies and private equity real estate funds worldwide, and 56,000 of their buildings with an aggregate value of USD $2.1 trillion, to find that Australia and New Zealand is leading the way in sustainable building.

In the five years since the GREB has been running, the region has been awarded the top title multiple times. 

Green Building Council of Australia’s (GBCA) CEO Romilly Madew says this is an important feat for Australia’s real estate market in the world’s fastest growing industry.

“Green building is the world's fastest growing industry – and Australia is leading the charge,” says the Madew.

“The report underscores our regional leadership in sustainability, and serves as a reminder of why Australia is one of the best real estate markets in which to invest.”

70 per cent of participants from Australia and New Zealand were rewarded in the highest quadrant for regional green leadership, compared with 35 per cent in Europe, and 32 per cent in North America and Asia.

Two Australian companies, ISPT and Lend Lease, were also highlighted as ‘global sector leaders’ in the report.

“We congratulate Lend Lease and ISPT for their outstanding leadership,” says Madew.

“Both these companies are committed to investing in sustainable business models that will ensure the long-term success of their organisations.

“Australia's real estate sector is demonstrating that it has a long-term commitment to sustainability that stretches far beyond this financial year or this electoral cycle.”



Author: Laura Daquino Connect via: Twitter LinkedIn

Latest News

Q & A WITH FACEBOOK GURU ANDY MCKEON AS HE JOINS AUSTRALIAN SOFTWARE COMPANY LIVETILES

HE was creative director at Apple under the legendary Steve Jobs, and is now a senior Facebook executive. In his n...

EAST COAST PROPERTY BOOM BUILDS PROFITS FOR BRICKWORKS

AUSTRALIA'S residential property boom has helped drive a sharp rise in first half earnings for Brickworks (ASX: B...

COLLINS SUPERSIZES IN EUROPE WITH PURCHASE OF 16 KFC RESTAURANTS IN THE NETHERLANDS

COLLINS Foods (ASX:CKF) has stepped up its European expansion through the purchase of 16 KFC restaurants in the Ne...

CSIRO HELPS DEVELOP AUSTRALIAN PHARMA COMPANY FROM $10 MILLION TO $305 MILLION

GOVERNMENT backed scientists have helped multiply the market value of a previously small Australian pharmaceutical...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter