Purpose – The purpose of this paper is to investigate the key drivers affecting property investment decisions within a context of sustainability and how these drivers are likely to change the investment product landscape and the management of existing property investment portfolios. Design/methodology/approach – Examples from the Australian property market are discussed in order to demonstrate how sustainability principles may form part of the wider agenda of corporate property investment strategy and social responsibility. Findings – A full understanding of the impact of sustainability on the property investment landscape can only be found by adopting an holistic approach, including the behavioural effects of economic, social, ecological, policy and regulative environments. Originality/value – This paper provides important new insights as to the effect that sustainability may have on future investment decisions and the future investment product landscape.
Journal of European Real Estate Research – Emerald Publishing
Published: May 9, 2008
Keywords: Economic sustainability; Cost benefit analysis; Social economics; Investments; Property finance