Green construction materials market to grow
Good news as construction materials such as cement, steel, aluminium, glass, and wood will soon be swapped out in favour of greener alternatives. At least that’s the thinking from Guidehouse Insights, which estimates that the global growth of green, low-embodied carbon construction materials market is set to hit a compound annual growth rate of nearly 20 per cent through 2031.
The global revenue for green construction materials is $US5.8 billion in 2022 and will likely grow more than five-fold to $US29.2 billion in 2031 at a compound annual growth rate of 19.6 per cent.
While the construction sector is still in the early stages of decarbonising, there are now many initiatives underway to reduce embodied carbon throughout the sector’s value chain. The findings show these efforts are already starting to have a meaningful impact, and the impact is set to increase.
Apartments dwellers want communal spaces
According to real estate agents there’s a surge in apartment buyers wanting communal spaces. Upside Realty claims there’s been a 75 per cent increase in inquiries from buyers seeking apartment buildings with shared spaces such as libraries, lap pools, dog parks, rooftop decks, playgrounds, cinema rooms, shopping and green picnic areas.
Nationally, the gap between the median prices for houses and apartments has increased 61 per cent year-on-year, from $A276,726 in December 2020 to $A444,253 in 2021.
In Sydney the gap between apartments and house prices grew by an extra 28 per cent in the final six months of 2021, while in Canberra the median price of houses is now more than double that of apartments, with the gap growing by 22 per cent in six months. Melbourne’s gap has risen 13 per cent over the same period.
EY Australia acquires Cadence
Ernst & Young Australia keeps growing. Its latest acquisition is Sydney-based project management consultancy Cadence for an undisclosed amount.
Joining EY as partners in the real estate advisory and project management team will be Cadence managing director Matthew Gralton, and directors Todd Murphy and David Riddell. Forty-two additional Cadence staff will also come across, bringing the team to more than 100 professionals.
“We had been looking for some time to join with a specialist project management provider to enhance our offering to our clients,” EY’s Oceania real estate advisory and project management leader, Marco Maldonado, said.
“Through the acquisition of Cadence, we will now provide end to end assistance to our clients from strategy and business case development through to procurement and implementation.”
Envirosuite signs $2m in new annual recurring revenue, partners with Byers Scientific
Australian enviro tech company Envirosuite (EVS) has signed a memorandum of understanding for a strategic partnership with Byers Scientific. The technology, research and manufacturing firm helps companies to manage industrial-scale odour and emissions.
EVS and Byers are already working together on a landfill project and a commercial cannabis project in the US.
This comes after EVS recently announced it had signed $2 million in new annual recurring revenue during the third quarter of the financial year, delivering $5.5m year to date.
The announcement comes on the back of a number of other agreements, including with Singapore’s national water agency PUB Singapore and with Western Australia’s Water Corporation, two airports in the USA and Korea, a major Taiwanese manufacturing company, and the City of Chicago in the US.
FK architects call for Indigenous professionals
Architectural firm Fender Katsalidis has announced an inaugural Reconciliation Action Plan to help improve pathways into architecture for First Nations people through Indigenous employment partnerships.
“The essence of architecture is to make the world a better place and the commitment by FK to true reconciliation is a fundamental step towards our contribution,” founding partner Karl Fender said.
ABB Electrification Startup Challenge
Software company BOOM! has been selected as a challenger for the Smart Power ABB Electrification Startup Challenge hosted by Microsoft and industrial automation company SynerLeap. Final onboarding is currently underway, and the final pitching event will be held on 13 May at the 2022 Berlin E-Prix.
Malcolm Rushin has risen in the ranks of global engineering consultancy GHD to take the newly minted position of future energy leader for Australia. The decarbonisation specialist has more than three decades of experience in the energy, hazardous chemicals and oil and gas industries in Australia and the UK, twenty of which he gained at GHD.
After four years with Frasers Property, Christopher Chuah is starting a new position as divisional technical operations manager at Mirvac. He was previously a national operations manager.
Sustainable food production has promoted carbon professional Carl Duncan as chief sustainability officer at meat-processing company Teys Australia, after six years as group manager of resource efficiency and sustainability at the same company.
Northrop Consulting Engineers has announced the appointment of Todd Halliday and Mark Sturgess as the new managing partners. Halliday transitioned into leadership from a 25-year career in structural engineering, with seven at Northrop. Sturgess was also previously a structural engineer at Northrop, and transitioned to regional management in 2018.
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