Foreign investors and sustainable real estate in Australia
Sustainable real estate in Australia isn’t a passing craze – it’s here to stay. As many states have introduced minimum environmental standards for new buildings and large swathes of businesses and individuals embrace increasingly greener lifestyles, sustainability has become the order of the day.
As developers look for funding for green buildings and developments, it can be hard to distinguish themselves on the overseas investment market, where sustainability may not be as prominent a feature of the real estate industry.
While companies may be searching for ways to embrace sustainable solutions to their commercial real estate needs, it’s important that this information is presented in the best light possible and is easily accessible to ensure consistent flow of foreign capital into our sustainable construction industry. In fact, according to the U.S. Green Building Council, 82 per cent of Fortune 200 companies that they surveyed are looking to incorporate green building certification into their planned construction and refits over the next three years.
Taking sustainable real estate in Australia to the world
Our local sustainable building body, the Green Building Council of Australia (GBCA), has recently announced a partnership with the Green Building Information Gateway (GBIG), which help showcase local sustainability efforts on a global scale.
“We are excited to partner with GBCA to share data on the accomplishments of the green building movement and to celebrate the people and organisations contributing to superior buildings around the world,” said GBIG director Chris Pyke on 31 March.
“Access to GBIG will give GBCA members new tools to raise the profile of their work and stay up-to-date on green building trends.”
For commercial real estate owners in Australia, a prime way to reach the global market is to invest some time in talking to a Ray White agent. As the biggest real estate group in Australasia and with offices in prime markets, such as Hong Kong and Singapore, our agents are well-positioned to service the needs of commercial property developers in Australia.
With green building practices on the agenda for some of the most powerful companies in the world, and an interest rate environment that is ripe for investment, it has never been more important for developers and owners to elucidate the sustainability of their building or recent refurbishments.
If you’re unsure of how to best purpose your commercial real estate to appeal to this market, talking to a Ray White commercial real estate agent would be a great place to start. With outstanding industry knowledge and networks that extend across the globe, their expertise is an asset when you’re considering selling or leasing.