It has been a decade since developers started erecting sustainable buildings. They now account for an increasing share of the property market. Now it’s existing buildings that need to catch up. An important point of leverage in achieving this will be to instil sustainability as a fixed feature of the financial industry. There are reasons to be optimistic, however, thanks to initiatives like the European Green Deal and the increasing use of carbon pricing.
Urban districts, buildings and interiors which have been awarded a DGNB certificate stand apart from the rest of the market thanks to their high quality and because they are already geared to future requirements. We’re pleased to present a selection of the projects which make up the best of the best of 2018.
Certified construction? Oh yes – that’s those handy plaques in platinum or gold, the ones that allow building owners to walk around with architects and announce publicly, “Look everyone, we’re sustainable!” Sort of – yes, that’s one way to describe sustainability certificates. Though actually, buildings don’t simply earn certificates because they deserve to, especially after investing so much time and hard work. It is also a well-earned award for of all those important decisions to look after the environment, for keeping a close eye on commercial viability, and for ensuring the development will be good for the people within the buildings and districts.
With a market share of over 80 per cent for new commercial properties and more than 60 per cent of the overall market, the German Sustainable Building Council (DGNB) is the undisputed market leader in the German commercial property segment, well ahead of other certification systems. This was the conclusion of the latest market report issued by BNP Paribas Real Estate – Market Focus: Green Buildings 2017. Hermann Horster, Head of Sustainability at BNP Paribas Real Estate, answered our questions about the role played by certified buildings in the investment market, also covering a variety of other issues.