BRIEF – 2 JULY 2009 – Refurbish your existing building to green standards and you could add 10 per cent to your investment, a new report published by the Property Council of Australia and conducted by Arup and Davis Langdon, has claimed.

The study, Existing Buildings Survival Strategies: Making it Happen, involved three different types of buildings, a 20,000 square metres CBD tower a 15,000 sq m city fringe high rise and a 2800 sq m suburban office, all built in the 1980s a media release on the project said.

Chief executive officer of the PCA, Peter Verwer, said there was growing demand for green offices by tenants.

“To attract and maintain long-term tenants, building owners need to provide office space with excellent environmental credentials.”

Yet there was currently 60 million sq m of existing office space that was more than 25 years old, Mr Verwer said.

The report provides information upgrade a building’s green factor.

For more information click here