Newspaper article The Journal (Newcastle, England)

Trend towards Green Building Will Grow with Greater Vigour; Sustainability Is Rapidly Rising Up Everyone's Agenda, but Is the Recession Limiting Its Delivery?

Newspaper article The Journal (Newcastle, England)

Trend towards Green Building Will Grow with Greater Vigour; Sustainability Is Rapidly Rising Up Everyone's Agenda, but Is the Recession Limiting Its Delivery?

Article excerpt

THE environmental friendliness of new premises is probably the last thing on the minds of directors looking to move at the moment - and who can blame them in these tough economic times.

Even when the property market was healthy, incorporating sustainability into projects could threaten a project's viability, such is the financial cost of protecting our environment.

Now, persuading directors weighing up business survival against extra investment for optional green extras, is even trickier.

Taking the long view, though, at Sanderson Weatherall we think the market will turn a corner and the trend for green building will grow with greater vigour than before the credit crunch.

For one thing, property with Very Good or Excellent ratings from the BRE Environmental Assessment Method will always be popular - especially with a government whose procurement policy will go green every time. Factor in the predicted falling costs of sustainable solutions and the increase in legislation and policies designed to promote green building and the long-term outlook is rosy for green building.

In the private sector, a responsible environmental image is becoming ever more important. This is neatly illustrated by the take-up of leases at Lingfield Point, a successful regeneration scheme near Darlington, which is currently a commercial business park but has plans in place to turn this into a flagship leisure and residential hub built on the principles of sustainability.

Organisations such as the Student Loans Company, Darlington Borough Council and the architectural practice Faulkner Brown have been eager to take up the idea of low energy offices, renewable energy sources, rainwater recovery and sustainable transport that feature in the development's proposals. As a leasing agency, we expect Lingfield Point's environmental credentials to be a major draw-card for prospective clients. …

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