The office sector currently faces an important issue when it comes to sustainable development. Indeed, the environmental legal framework has evolved and there is a widening gap between the new ñ and thus green ñ buildings and the existing ones. Since new buildings represent only 1% to 2% of...

Since Rappaportís publication (1) many studies have been published and much empirical research has been done to provide a deeper understanding on how companies can create superior long term value for their shareholders (2). In order to align internal goals with the maximization of shareholder...

This article investigates the impact of energy efficiency on the economic value of existing buildings in a real estate investorís portfolio. The improvement of sustainability in real estate is largely supported by a reinforced regulation and the emergence of rating systems which certifies...