Valuation and sustainability : are rating tools enough? Warren-Myers, Georgia, Bienert, Sven and Warren, Clive 2009, Valuation and sustainability : are rating tools enough?, in ERES 2009 : Proceedings of the 16th Annual European Real Estate Society Conference, [European Real Estate Society], [Stockholm, Sweden]. Attached Files Name Description MIMEType Size Downloads Title Valuation and sustainability : are rating tools enough? Author(s) Warren-Myers, Georgia Bienert, Sven Warren, Clive Conference name European Real Estate Society Conference (16th : 2009 : Stockholm, Sweden) Conference location Stockholm, Sweden Conference dates 24-27 June 2009 Title of proceedings ERES 2009 : Proceedings of the 16th Annual European Real Estate Society Conference Editor(s) [Unknown] Publication date 2009 Conference series European Real Estate Society Conference Publisher [European Real Estate Society] Place of publication [Stockholm, Sweden] Summary The lack of sufficient financial drivers are preventing significant investment in sustainability because stakeholders have only very limited ability to measure the sustainability of the building or understand the impact upon the value. Valuers are unable to indicate or clarify whether sustainability is affecting market value as there is an absence of detailed market evidence, sales data and lease transactions of sustainable building. Leaving both Valuers and other stakeholders uncertain of the value implication as there is no reliable evidence as to whether sustainable buildings are feasible (Lutzkendorf and Lorenz, 2005). One of the key barriers is the confusion evident in the industry particularly the measurement of sustainability in commercial property. Although a range of environmental rating tools exist for buildings globally in commercial property, the synergy between these tools and identification of the relationship between the measurement and market value is inherently blurred due to the unique nature of the compilation of points attributed in the rating tools for sustainability or energy certificates in commercial property. The paper examines the challenges that face the Valuation profession in assessing the impact of sustainability on market value. Language eng Field of Research 159999 Commerce, Management, Tourism and Services not elsewhere classified Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services HERDC Research category E1.1 Full written paper - refereed Persistent URL http://hdl.handle.net/10536/DRO/DU:30034290 Document type: Conference Paper Collection: School of Management and Marketing Related Links Link Description Connect to published version Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Versions Version Filter Type Fri, 15 Apr 2011, 16:42:39 EST Thu, 24 Nov 2011, 08:37:50 EST Thu, 24 Nov 2011, 08:39:39 EST Fri, 16 Mar 2012, 18:52:02 EST Fri, 24 Jan 2014, 09:54:30 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 0 times in Scopus Search Google Scholar Access Statistics: 170 Abstract Views, 3 File Downloads  -  Detailed Statistics Created: Fri, 15 Apr 2011, 16:42:39 EST

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