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.
We are proud to announce that a number of our customers have been shortlisted at the prestigious ARMA ACE Awards.
Research by Qube Global Software reveals that only a tiny proportion of the UK’s leading property and facilities management companies believe they are harnessing technology successfully.
Qube Global Software and Engage enter joint venture in boost to Build to Rent Sector.