Building improvements spurn significant ROI for owners | 29 June 2012
Owners of commercial real estate could find making improvements to their building’s efficiency and overall sustainability reap a handsome return on investment (ROI).
That’s according to the findings of a study from Siemens Building Technologies Division and McGraw-Hill Construction, which highlighted just how significant the ROI can be in such cases.
For example, of those surveyed by Siemens and McGraw-Hill that own office buildings, 13 per cent said they noted ROI increases after pushing ahead with building improvements. Those running healthcare facilities noted at 18 per cent rise in ROI, whilst buildings designed for higher education reaped 15 per cent growth, rtmagazine.com revealed.
Some 150 building owners were surveyed as part of the study, azobuild.com reports – which was entitled ‘A Path to Achieving Higher Building Performance’. Improvements made to the buildings spanned everything from making energy run more efficiently through renovations, to re-examining potential areas of cost savings with regards to running costs.
A spokesperson for McGraw-Hill, Harvey M. Bernstein, explained: “Owners are investing in their buildings for a variety of reasons. These investments reported by owners indicate that there are opportunities in the market for product manufacturers, service providers and others than can offer the technologies and expertise to help owners move their buildings along the path to higher performance.”
The findings may well inspire other property owners to make similar changes to the buildings listed in their portfolios, in an attempt to improve efficiencies and make some extra money from their investments.
Written by Deborah Bates on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
Qube Global Software wins Industry Supplier of the Year Award for 2nd consecutive year | 2 December 2016
Qube Global Software won Industry Supplier of the Year at the News on the Block Property Management Awards for the second year running.
We have partnered with the Facilities Show to host an exclusive webinar on the relationship between facility, property and estate managers and their service providers and contractors.
We are delighted to announce that Qube Global Software has been shortlisted in the Industry Supplier of the Year category at the Property Management Awards 2016, hosted by News on the Block.