Leading Sustainability through Corporate Real Estate Hypothetical
The CoreNet Global Melbourne 2007 Summit incorporated a thought provoking Hypothetical panel discussion on the future of corporate real estate and the drivers for sustainability. With an economic futures framework provided by Melbourne University Professor of Economics Neville Norman who moderated the discussion, the panel included Aggie Aitken, Head of Workplace Development at ANZ; Strategic Futurist and Director of Looking Up Feeling Good, Marcus Barber; Yossi Ghinsberg, the Founder and Director of EthnoBios S.A ; and Michael Greene, Regional Director of Corporate Solutions at Jones Lang LaSalle
Sponsored by Multiplex, the Hypothetical considered 5 base developments – The world economy developing much along the way it has with a continuation of existing drivers such as the ongoing growth of China; China growth exploding beyond all expectations with India also booming; The world economic downturn on the back of China Imploding; A radical development of workplace and employee management where centralist workplaces began to give way to satellite office locations and work from home opportunities; and ‘Green At Last’ where the promise and urgency of a need for sustainability has been embraced.
Providing perspectives of the Business, Tenant, Landlord, and Sustainability advocate; the Hypothetical finished off with a Q & A with the audience which also gave Marcus Barber a chance to switch into Futurist mode and make some radical suggestions about the inhabitants at 317 Spencer St as a result of the introduction of the ‘Future Generations Penalty Clause’ that enables children and grandchildren to be held liable for the actions and decisions of their parents and grandparents.
In rental and lease markets it’s fair to say that for the best part of three decades, the landlords have been the price setters. The rules around negative gearing in domestic supply enable sizeable portfolios. Demand in office spaces in central suburbs has been consistently tight. And now, finally, CFO’s have become aware of the…
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