New financial strategies for sustainable buildings : practical guidance for built environment professionals / Stephen Finnegan.

Format:

Book

Author/Creator:

Finnegan, Stephen, author.

Language:

English

Subjects (All):

Sustainable buildings.

Sustainable buildings--Design and construction--Costs.

Real estate development--Finance.

Real estate development.

Sustainable buildings--Design and construction.

Physical Description:

xviii, 114 pages ; 24 cm

Place of Publication:

Abingdon, Oxon ; New York, NY : Routledge, 2018.

Summary:

Buit Environment profssionals considering whether to embark on the design and construction or retrofit of a fully 'sustainable' or 'green' build need to know the financial implications of their decisions. What are their financial options? What are the risks? This book offers practical guidance on how sustaniable building projects are financed, designed and built. All too often sustainable building is undertaken without proper consideration of the true lifecycle cost, risk and financial impact. This book will take the reader on a journey from initial sustainable design through to final completion highlighting the finance options available to them. New Financial Strategies for Sustainable Buildings provides key guidance to a variety of professionals, including architects, designers, contractors, construction managers, investors and other interested parties, whilst provding a useful reference to students on architecture, construction management and real estate/surveying courses who need to know about finance, construction economics and sustainable development projects. Book jacket.

Contents:

1 Financing sustainable buildings 1

1.1 Sustainable building design and finance in principle 4

1.1.1 Fabric first approach 6

1.1.2 Passive design 6

1.1.3 Active design 7

1.1.4 Passive and active design 9

1.1.5 Energy efficiency measures 11

1.1.6 Embodied carbon 12

1.2 Sustainable building design and finance in practice 13

1.2.1 Modern approaches to design 14

1.2.2 Legislative and legal requirements 15

1.2.3 Common solutions 17

1.3 Financing modern sustainable buildings 18

1.3.1 Sustainable residential buildings 19

1.3.2 Sustainable commercial buildings 20

1.4 Guiding principles 22

1.5 References 22

2 Methods of financing sustainable buildings 25

2.1 Traditional methods of finance 25

2.1.1 Self-financing 27

2.1.2 Loans 27

2.1.3 Government grants and schemes 28

2.2 New methods of finance 32

2.2.1 Energy performance contracting 32

2.2.2 Energy Services Companies 34

2.3 Guiding principles 39

2.4 References 40

3 Incentives to investment 42

3.1 Financial incentives 43

3.1.1 Security of supply 44

3.1.2 Market-based mechanisms 44

3.1.3 Futureproofing 44

3.1.4 Reduced operational costs 45

3.1.5 Reduced maintenance costs 45

3.1.6 Reduced payback 46

3.1.7 Grants and subsidies 47

3.1.8 Tax reductions 47

3.1.9 Increased building value 48

3.1.10tRental return 48

3.2tHealth and well-being 48

3.2.1 Occupier productivity 49

3.2.2 Sick building syndrome 49

3.3 Standards and regulations 50

3.3.1 Benchmarks 51

3.3.2tBuilding regulations 51

3.4 Case studies 53

3.5 Guiding principles 53

3.6 References 56

4 Barriers to investment 60

4.1 Capital expenditure 61

4.1.1 Business case for investment 62

4.2 Split incentives 63

4.3.1 Owner/occupier relationships 64

4.3 Lack of incentives 65

4.3.1 Support for sustainability measures 66

4.3.2 Lack of demand 66

4.3.3 Lack of labelling/standards 67

4.4 New technology 68

4.4.1 Understanding the systems 69

4.4.2 Procurement and tendering 71

4.5 Changing government policies 71

4.5.1 Changes to incentives and tariffs 72

4.5.2 Building regulations 73

4.6 Guiding principles 74

4.7 References 75

5 Risk 78

5.1 Financial risk 79

5.1.1 Risk vs. reward 80

5.2 Technical risk 81

5.2.1 Performance gap 82

5.2.2 Process and operational change 83

5.3 Risk in sustainable design 84

5.3.1 Choosing the right options 85

5.4 Making investment decisions 86

5.5 Guiding principles 87

5.6 References 88

6 Case studies 90

6.1 Case study 1 - Tiie University of Liverpool 90

6.2 Case study 2 - Blackpool Teaching Hospital NHS Foundation Trust 92

6.3 Case study 3 - St Barts Hospital 94

6.4 Case study 4 - Santander Bank 95

6.5 Case study 5 - Sentinel Housing Association (SHA) 97

6.6 Case study 6 - Marine Corps Base Camp, Pendleton, California 98

6.7 Case study 7 - Kings Cross Central Development 100

6.8 Case study 8 - Media City UK 101.

Notes:

Includes bibliographical references and index.

ISBN:

9781138680265

1138680265

9781138068520

1138068527

OCLC:

975368540