THE Australian Property Institute and the Australian Direct Property Investment Association have formed partnership to help their members develop and promote successful sustainability practices.
API’s national sustainability committee chair Richard Bowman said the focus of the partnership would be to develop strategies that meet growing demand for sustainable practices, without sacrificing the profitability.
ADPIA Vice President Adam Murchie said the industry needed to take a proactive stance and engage its members and the Government on sustainability issues.
“There is emerging evidence of a very strong positive correlation between sustainability and investment performance. Through this conference, we aim to investigate this in much greater depth and ultimately, set some direction for our members so they can maximise portfolio performance,” he said.
This first initiative for the partnership will be the API/ADPIA Profitable Sustainability in Property Conference, in conjunction with Napier & Blakeley.
The conference will include a world first presentation of the extended and updated study ‘Doing Well by Doing Good: Green Office Buildings’. This study found that green building practices lead to increases in a property’s market value and rent.
The research received world-wide acclaim when it was released in 2008 and has now been updated to assess the impact of the Global Financial Crisis on the green and not so green commercial buildings rent and value. Co-author Dr Nils Kok of University of California, Berkeley will present the updated findings.
Also presenting is Guy Perry, President and Founder of IN-VI, a French American architect and urban planner with development and design experience on five continents.
Australian Property Journal
