A selection of the leading property headlines from around Europe at a glance:
A selection of the leading property headlines from around Europe at a glance:
Evans Randall sells $333m business park - PROPERTY WEEK
O1 Properties has announced the purchase of a Moscow business centre from Evans Randall. Silver City was built by Delin Development and put into operation at the end of 2007.
The purchase was put into doubt when O1’s proposed IPO (initial public offering) on the London Stock Exchange was cancelled in May because of the turbulence in global markets.
It’s Greener to Retrofit than Build New, Report Finds - National Real Estate Investor
A groundbreaking report released earlier this year in the US found that it is unequivocally greener to retrofit an old building than construct a new green building, no matter how many high-tech bells and whistles are in the new construction. ‘The Greenest Building: Quantifying the Environmental Value of Building Reuse,’ was commissioned by Preservation Green Lab, a project of the National Trust for Historic Preservation with support from The Summit Foundation and in partnership with four companies, including Skanska Group.
The report states it can take between 10 and 80 years for a new energy-efficient building to overcome the negative climate change impacts that come from construction. Environmental savings from re-use are between 4 and 46% over new construction when comparing buildings with the same energy performance level.
The marketplace is huge. In any given year, only about 1% of the building stock in the US is new. The impact of green retro versus green new is visible in the statistics from the US Green Building Council, which saw LEED certification for existing buildings (LEED EB) start to outpace LEED for new construction (LEED NC) in 2011. That trend has continued so far this year with LEED EB logging in 25.3 million more square feet than LEED NC.
