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INVESTOR PERCEPTION OF SUSTAINABLE BUILDING IN NEW ZEALAND

INVESTOR PERCEPTION OF SUSTAINABLE BUILDING IN NEW ZEALAND. Preliminary findings of the research project ‘An investigation into the elements of sustainable office buildings and market value’. INTRODUCTION. PhD at the University of Melbourne

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INVESTOR PERCEPTION OF SUSTAINABLE BUILDING IN NEW ZEALAND

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  1. INVESTOR PERCEPTION OF SUSTAINABLE BUILDING IN NEW ZEALAND Preliminary findings of the research project ‘An investigation into the elements of sustainable office buildings and market value’

  2. INTRODUCTION • PhD at the University of Melbourne • Building Research Funding Grant for Investor Perception Research • Research Project – Business Case for Sustainable Buildings in Australia and New Zealand

  3. OVERVIEW • History • Methodology • Investor Survey • Scope and Limitations • Findings • Summary

  4. HISTORY • Commencement – February 2006 • Completion – February 2009 • Research title – “An investigation into the relationship between elements of sustainable office buildings and market value” • Comparative analysis using evidence from New Zealand and Australia

  5. PROJECT METHODOLOGY • Literature Review of existing research • Stage 1: Investor Survey • Stage 2: Valuer Survey • Stage 3: Market Data

  6. STAGE 1: INVESTOR SURVEY • New Zealand Survey • Major Investment Funds and Companies • Survey type – Questionnaire • Nine Questions relating to investment decisions and perception of sustainable buildings in New Zealand

  7. SCOPE AND LIMITATIONS • Survey major investors and developers who play and influential role in the investment and development in commercial office buildings in New Zealand. Limitations • Access to the entire investor population • Research timeframe • Sensitivity of data

  8. FINDING 1: Overall Investor Perception of Sustainability

  9. FINDING 2: Investor Actions

  10. FINDING 3: Type of Actions taken by Investors & Developers

  11. FINDING 4: Importance of Sustainability for Portfolios

  12. FINDING 5: Design vs. Performance

  13. FINDING 6: Investor Perceptions of Sustainability & Value

  14. FINDING 7: Investor Future Objectives

  15. SUMMARY OF FINDINGS • Cluster analysis identified three key groups. • 1st group – the pro-active in incorporating sustainability into their portfolio, • 2nd group – the undecided made up the majority of investors • 3rd group – the skeptics • Majority of investors believed that there was value in sustainable buildings • Majority believe sustainability is important right now. • An industry rating tool identifying and rewarding building performance is required • The investors realise something needs to be done about the sustainability of their portfolios

  16. THE FUTURE……. • If you would like a copy of the findings of my research please contact me at gmyers@pgrad.unimelb.edu.au • Thank you very much to Building Research • Questions “It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change” - Charles Darwin

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