Page 124 - GreenRE_Sustainable Real Estate Book

reduce HVAC costs, and activates optimal environment for a
comfortable indoors, keeping workers and visitors relaxed.

You can’t go green for a song
Cost consideration is the primary challenge of embracing
green strategies. The implementation of sustainable features
and technologies cost a little more than conventional, while
procuring sustainable materials and incorporating eco-
conscious construction practices introduce additional costs
to the project. Additionally, the ongoing maintenance of
green technologies and features represent an added financial
burden for developers and property owners, requiring
consistent investments. Furthermore, compliance with a
diverse range of regulatory requirements is necessary to
ensure alignment with environmental standards, including
securing permits and meeting specific design criteria. The
project team skillfully navigated these various factors to
create a development that embodied sustainability, efficiency,
and allure to businesses seeking a contemporary and
environmentally conscious setting.

While green building practices may have a higher upfront
cost, the owner is steadfast in reaping long-term savings
through reduced energy and water consumption, improved
indoor air quality, and a quality tenant market.

Access to green incentives and rebates

Eco Business Park’s certification enhances the park’s
reputation and attracts environmentally conscious
businesses. The certification gained the park compliance
with local environmental regulations, providing access to
incentives and rebates for sustainable development.

113 SUSTAINABLE REAL ESTATE | Our 10-Year Journey