Commercial Property Management

Topic 3 the principles and practice of ecological sustainability, and their present and future implications for Australian commercial property management practice. The concept of sustainability, and principles associated with the concept of green buildings are factors of great concern and importance to the Australian commercial property sector. Many well-established principles under the generic term Ecologically Sustainable Development (ESD) have been embraced in Australian Federal and State Government Legislation. Local Government have followed suit with new ESD related responsibilities and statutory obligations compliance regimes placed upon it. Yet the question remains as to what extent, and how effectively have these principles and green thinking in a sustainability context been embraced by the Australian commercial property sector? Your sub-tasks in the main body of the assignment report for this topic are as follows: Succinctly describe how and when the Green Building Council of Australia (GBCA) came into being, and the various Green Building Rating Tools created. [login to view URL] . Similarly, but briefly yet adequately explain the rationale` of the former Australian Building Greenhouse Rating Scheme (ABGR), and the National Australian Built Environment Rating System (NABERS). Analyse and provide evaluative report commentary on the prevailing sentiment, and the levels of commitment shown by the commercial property investment sector in Australia, in a generalised sense – in respect to all concepts and principles including the advent of green buildings. What implications do green buildings have for the operational functions and responsibilities of commercial property managers in Australia – both now and in the future? This key section should comprise the bulk of analysis and ventilation of practitioner issues and accordingly will account for in excess of 50 per cent of marks for the main report body contents allocation. Capex and impacts on financial budgets should be canvassed. [login to view URL]