Commercial Property Owners Must Disclose Energy Efficiency

The Australian Environment Minister, Peter Garrett said owners of properties larger than 2000 square metres will face fines if they fail to provide an up-to-date Building Energy Efficiency Certificate by mid 2010.

Mr Garrett said this will be a “tremendous driver” for greener buildings, since tenants, owners and potential buyers will easily be able to compare the costs of running office space.  This is another important step on the path to environmental sustainability.

A US study that indicated “green” buildings sold for 16 per cent more than others and had a 6 per cent increase in rental rates.

The Australian Environment Minister said owners of properties larger than 2000 square metres will face unless they provide a current Energy Efficiency Certificate

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This entry was posted on Wednesday, November 18th, 2009 at 7:06 pm and is filed under Sustainable Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.