Lifecycle: a legal guide to developing, investing in and managing buildings sustainably
Real estate is a major consumer of resources. Everyone needs a place to live and work and we use real estate for that purpose. Modern life means that energy and other resources will be consumed in the development and occupation of real estate. We all have a responsibility, both environmental and financial, to ensure that our consumption is as efficient and sustainable as possible.
Real estate has a lifecycle from site identification, through planning, development funding and construction, to occupation, use and eventual sale. Proper sustainability depends on the correct approach being taken at every stage of this cycle. This guide aims to illustrate the legal issues faced and the approaches taken when a building’s lifecycle is to be managed sustainably. Each chapter deals with a different stage in this cycle.
Sustainability in real estate needs not just to be implemented; it must be seen to be implemented. This is essential in all aspects of a building’s lifecycle. Recognition by a reputable awarding body is a key element in demonstrating to the outside world that a building or development meets the highest standards in sustainability. There are a number of bodies operating internationally that make awards. Understanding the criteria they use and their slightly differing priorities is essential in achieving and maintaining a sustainability status for a building that will attract occupiers and users and encourage investment…
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