Cutting the Carbs: Optimum Measures to Reduce Emissions in the Existing Office Stock
Proceedings of the 14th Annual European Real Estate Society Conference - London, UK, 2007
The conclusions of the Stern Report (HMSO, 2006) made clear the increasingly stark choices facing... more The conclusions of the Stern Report (HMSO, 2006) made clear the increasingly stark choices facing mankind. If stringent action to reduce carbon emissions is not taken within the ten to fifteen year period between 2016 and 2021, the coming generations are locked into climate disaster (HMSO, 2006). The report also made clear the economic and social consequences for mankind globally of limited action on climate change. Finally the governments of nations like Australia and the US who had vigorously asserted that scientific research on climate change was flawed and unreliable, softened their stance and bowed to the overwhelming evidence on climate change and global warming. Australian Prime Minister Howard agreed to negotiate on carbon trading in November 2006 and this marked a major shift in environmental policy. As the political will to act now appears to be in place, the property profession needs to be advising clients how to reduce property related carbon emissions. This paper highlights the degree of measures typically required to the Melbourne CBD office building stock, over a 15 year time frame to 2020 to deliver the level of reductions noted by Stern (2006).
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Books by Richard Reed
Cadman’s Property Development has traditionally been accepted as the standard textbook on the commercial property development process in the UK and globally. With this new edition the book is brought completely up-to-date for a new generation of readers. Accessible to students of all disciplines within the built environment, the book is geared directly towards students of property development at undergraduate or graduate levels. It provides a clear and practical overview of the property development process, together with critical analysis of the key issues faced by property professionals today.
The fifth edition retains the established structure of previous editions by focusing on land acquisition, development appraisal, finance, planning, construction, market research and promotion. In addition to reflect changes in practice, there is also new material on the environmental impacts of property development, a new chapter on sustainable property development and a new chapter about the growth of international property development. Excellent case studies, which are enhanced by discussion questions, illustrate the process at work. This fully revised and updated edition of a classic text for all Property Development students will also be of interest to early career professionals and those pursuing a professional degree in the industry.
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"
Although sustainability is in the media everyday, why aren’t we more sustainable?
The underlying reason is that the business case for sustainability is a problem for many people. Being sustainable is nice but many people refuse to actually pay money to be sustainable. It is clear that the actual financial cost of really becoming sustainable is the main barrier.
But what if you could be sustainable and it doesn’t cost any more? (or better still you actually make money!!)
Richard Reed and Sara Wilkinson say that by making your house green you don’t need to lose money – in fact you’ll can increase the value of your home at the same time. As green living becomes increasingly important in our day-to-day lives (for example, can you afford ‘not to be green’?), Wilkinson and Reed suggest that by going green with your biggest investment (your house) you’ll also benefit financially.
From installing solar panels through to a room-by-room description of how you can make each space ‘green’ A Greener House has everything for the home owner, renter or investor. Finally a detailed book is available that successfully fills the gap between sustainability and investment for residential property.
"
Chapters are comprised of the following;
1 Real Property and Its Valuation
2 The Nature of Value
3 Foundations of Value
4 The Valuation Process
5 Data Collection
6 Market Areas, Neighbourhoods and Submarkets
7 Land or Site Analysis
8 Improvement Analysis
9 Market Analysis
10 Highest and Best Use Analysis
11 Land or Site Valuation
12 The Cost Approach
13 Construction Cost Estimates
14 Depreciation Estimates
15 The Sales Comparison Approach
16 Adjustment and Analytical Techniques in the Sales Comparison Approach
17 Applications of the Direct Comparison Approach
18 The Income Capitalisation Approach
19 Income and Expense Analysis
20 Direct Capitalisation
21 Yield Capitalisation – Theory and Basic Applications
22 Discounted Cash Flow Analysis and Special Applications in Income Analysis
23 Reconciling Value
24 The Valuation Report
25 Valuation Specialities and Emerging Issues
* How a reverse mortgage works
* Deciding if a reverse mortgage is right for you
* Planning for retirement
* Advantages and disadvantages of a reverse mortgage
Back cover
Many retirees find themselves in the difficult situation of being ‘asset rich and cash poor’. Their reduced income in retirement is not enough to maintain a comfortable, worry-free lifestyle, while a significant part of their wealth is locked up in the family home.
A reverse mortgage can solve this problem, allowing elderly homeowners to access the equity in their house in the form of a loan, with the house provided as security. Cash can be provided immediately, and can be used for any purpose. There are no repayments until the house is sold, and the homeowner maintains full ownership of the property at all times.
In this thorough examination, Richard Reed covers:
* The property market in Australia
* The development of reverse mortgages, and why they are rapidly becoming more popular
* Factors to consider when deciding if a reverse mortgage is right for you
* Reverse mortgages currently on offer
* Lessons learned from the success of reverse mortgages overseas
There is also an appendix containing frequently asked questions.
If you or members of your family are approaching retirement or are recently retired, a reverse mortgage is a low-risk, low-stress way to a more comfortable lifestyle.
Papers by Richard Reed
Cadman’s Property Development has traditionally been accepted as the standard textbook on the commercial property development process in the UK and globally. With this new edition the book is brought completely up-to-date for a new generation of readers. Accessible to students of all disciplines within the built environment, the book is geared directly towards students of property development at undergraduate or graduate levels. It provides a clear and practical overview of the property development process, together with critical analysis of the key issues faced by property professionals today.
The fifth edition retains the established structure of previous editions by focusing on land acquisition, development appraisal, finance, planning, construction, market research and promotion. In addition to reflect changes in practice, there is also new material on the environmental impacts of property development, a new chapter on sustainable property development and a new chapter about the growth of international property development. Excellent case studies, which are enhanced by discussion questions, illustrate the process at work. This fully revised and updated edition of a classic text for all Property Development students will also be of interest to early career professionals and those pursuing a professional degree in the industry.
.
"
Although sustainability is in the media everyday, why aren’t we more sustainable?
The underlying reason is that the business case for sustainability is a problem for many people. Being sustainable is nice but many people refuse to actually pay money to be sustainable. It is clear that the actual financial cost of really becoming sustainable is the main barrier.
But what if you could be sustainable and it doesn’t cost any more? (or better still you actually make money!!)
Richard Reed and Sara Wilkinson say that by making your house green you don’t need to lose money – in fact you’ll can increase the value of your home at the same time. As green living becomes increasingly important in our day-to-day lives (for example, can you afford ‘not to be green’?), Wilkinson and Reed suggest that by going green with your biggest investment (your house) you’ll also benefit financially.
From installing solar panels through to a room-by-room description of how you can make each space ‘green’ A Greener House has everything for the home owner, renter or investor. Finally a detailed book is available that successfully fills the gap between sustainability and investment for residential property.
"
Chapters are comprised of the following;
1 Real Property and Its Valuation
2 The Nature of Value
3 Foundations of Value
4 The Valuation Process
5 Data Collection
6 Market Areas, Neighbourhoods and Submarkets
7 Land or Site Analysis
8 Improvement Analysis
9 Market Analysis
10 Highest and Best Use Analysis
11 Land or Site Valuation
12 The Cost Approach
13 Construction Cost Estimates
14 Depreciation Estimates
15 The Sales Comparison Approach
16 Adjustment and Analytical Techniques in the Sales Comparison Approach
17 Applications of the Direct Comparison Approach
18 The Income Capitalisation Approach
19 Income and Expense Analysis
20 Direct Capitalisation
21 Yield Capitalisation – Theory and Basic Applications
22 Discounted Cash Flow Analysis and Special Applications in Income Analysis
23 Reconciling Value
24 The Valuation Report
25 Valuation Specialities and Emerging Issues
* How a reverse mortgage works
* Deciding if a reverse mortgage is right for you
* Planning for retirement
* Advantages and disadvantages of a reverse mortgage
Back cover
Many retirees find themselves in the difficult situation of being ‘asset rich and cash poor’. Their reduced income in retirement is not enough to maintain a comfortable, worry-free lifestyle, while a significant part of their wealth is locked up in the family home.
A reverse mortgage can solve this problem, allowing elderly homeowners to access the equity in their house in the form of a loan, with the house provided as security. Cash can be provided immediately, and can be used for any purpose. There are no repayments until the house is sold, and the homeowner maintains full ownership of the property at all times.
In this thorough examination, Richard Reed covers:
* The property market in Australia
* The development of reverse mortgages, and why they are rapidly becoming more popular
* Factors to consider when deciding if a reverse mortgage is right for you
* Reverse mortgages currently on offer
* Lessons learned from the success of reverse mortgages overseas
There is also an appendix containing frequently asked questions.
If you or members of your family are approaching retirement or are recently retired, a reverse mortgage is a low-risk, low-stress way to a more comfortable lifestyle.