Tax Breaks for Green Buildings
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Using depreciation as a way to encourage the greening of the build environment has been a hot topic for a number of years. During the recent federal election the Labor party announced policies that included the delivery of such incentives.
Last week via their web site Labor provided a little more flesh to their approach in this area.
Interview with Roger Walker, National Head of NB Sustainability
NBNews: What is NB Sustainability?
RW: Sustainability is not only about Corporate Social Responsibility; it’s responsible financial management.
Environmental and social sustainability initiatives directly impact the productivity and financial bottom line of running and occupying a property profitably; building, buying, tenanting, selling and demolishing.
Responsible sustainability is applying the right initiative at the right time to maximise corporate and financial returns during the life cycle of a property development.
Napier & Blakeley not only have the reputation and breadth of services to deliver this technically, their knowledge of the needs of both tenants’ and landlords’ also allows them to provide valuable strategic, positioning and portfolio priority advice.
NBNews: Are there differences between Tenant and Landlord Sustainability needs?
RW: Yes. The two perspectives are not necessarily mutually exclusive, but often opportunities are lost in the tenant and landlord relationship that could be leveraged with objective mediation. You need to work with a partner that understands where the best returns for your investment exist.
Owners need advice and due diligence that delivers the best market return on their property whether it’s during demolition, construction or refurbishment of existing buildings while tenants’ needs focus on their Corporate Social Responsibility commitments and maximising day to day productivity, such as energy use, recycling and staff wellbeing.
