Sustainable office design 'still high on the agenda'

Office design news from Morgan Lovell

Published on 14-04-2010

Many companies have continued to place environmental awareness and responsibility high on their agendas, despite the effects of recession and a global economic downturn, it has been claimed.

Property consultant GVA Grimley has published findings showing that 42 per cent of property investors explicitly allow extra funds for sustainable office design when purchasing a new project.

However, 89 per cent of respondents claimed they felt valuations did not accurately reflect the state of sustainability at many developments.

"It is highly encouraging to see the vast majority of investors not only still consider sustainability to be an important issue, but continue to drive it as an integral part of generating investment value in the future," commented Richard Walsh, head of investment at GVA Grimley's Leeds office.

The company's turnover for the 2008-09 fiscal year was £137.3 million, with profits of £19.1 million. Overall, GVA Grimley operates out of 12 offices spread across the UK.

Posted by Ian Johnson.