Investors around the world are recognising the importance of embedding environmental, social and governance issues when making property investment decision or sustainable and responsible investment (SRI). The objective of this paper is to examine the implementation of environmental, social...

The last decade has seen a substantial shift in attitudes to sustainability across the economy as a whole. Sustainability has risen rapidly up the corporate agenda and emerged as an issue the property industry is being encouraged to address through an increasingly complex range of financial...

This paper explores the potential link between the sustainability of a property asset and its investment worth. The research is based on the premise that sustainability represents an additional and changing set of risks for property investors and as such needs to be examined systematically for...

Over recent years within developed countries, and notably US, Australia and UK, there has been a significant uptake in the production and use of voluntary building certification schemes which provide perspective investors and tenants with information about the construction and expected...

This paper addresses the issue of defining prime offices within the context of three European countries. In so doing, it draws from literature, a recent survey of European lease practices (Atkinson-Baldwyn, 2011), and a desktop study of the current usage of the term in London, Paris and...

The collapse of confidence in standards of financial reporting, consequent on the Enron and WorldCom corporations has affected corporate bodies and their advisers, and there are now widespread Governmental pressures for more stringent controls over practice to prevent deception and even...

From 2005, publicly traded companies, established in the EU and EEA Member States, must publish consolidated financial statements in conformity with International Financial Reporting Standards (IFRS) as adopted by the European Commission. These new accounting requirements impose significant...

The issue of guidance and regulation of valuersí practice is topical. As identified by the authorsí previous papers (2000a, 2000b) the dream of convergence in valuation practice is far from being realised. Yet, the ambition for consistent bases of valuation remains an ambition of national and...

With increasing urbanisation, all member states of the EU have developed, in different ways, mechanisms for controlling land uses. The aims, broadly, are to resolve the conflicts that would result from unfettered market forces and to promote the development of urban areas in line with social and...

ShaljeanThis paper reports on the development of an appraisal model designed to incorporate sustainability into calculations of property worth. Whilst some investment media, for example equities, have found effective ways of incorporating sustainability into their investment strategies, property...