The commercial office real estate market faces considerable challenges in today’s environment. Traditional design and construction methods are increasingly problematic, failing to account for areas of growing concern like sustainability and carbon accounting.
This paper, co-authored with Schneider Electric and Lendlease proposes a new approach to designing and implementing building services within commercial office space.
This approach was realized in a major commercial building (180 George Street) in Sydney, Australia (AU). It reveals how a new adaptable building scheme, with negligible impact on IRR/ROI, can enable flexible leasing options, potentially generating up to AU$1.08 billion in additional rent revenue over 30 years in some modelled scenarios. It can also save 1,500+ tonnes of CO2, improving tenant satisfaction and increasing asset value.
