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The Impacts of Sustainable Upgrades of Shopping Centres on Property Performance in Australia:a Preliminary Framework

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DOI: 10.23977/jceup.2021.030101 | Downloads: 5 | Views: 460

Author(s)

Qingyu Meng 1, Lam TYM 2

Affiliation(s)

1 Beijing Tianheng Construction Group Co., Ltd., Beijing, China
2 School of Built Environment, University of New South Wales, Australia

Corresponding Author

Qingyu Meng

ABSTRACT

Existing shopping centres are a large consumer of electricity energy and potable water, and they generate massive waste and carbon footprint. Stakeholders are restricted to invest in the uptake of sustainable upgrades of shopping centres due to the lack of transparency with impacts of sustainable upgrades on property performance. The problem is examined by the investigation into whether sustainable upgrades of shopping centres can result in significant improvements in property performance from environmental, economic and social perspectives in Australia. Multiple-case study method was used, including literature review, document research in relation to five cases, and interviews with two sustainability managers of regional and sub-regional shopping centres. The combination of triangulation and multiple-case studies led to a robust understanding of relationship between sustainable upgrades and property performance. The results shows that sustainable upgrades lead to significant reduction in energy and water consumption, decrease in carbon emissions, and higher waste segregation rate. Besides, sustainable upgrades result in reduced operating costs, and promoted marketability and market value. Further, sustainable upgrades contribute to promotion of health, safety and wellbeing of tenants and customers, promotion of corporate social responsibility and brand image, promotion of shopping centres’ attractiveness, and benefits for the community. The findings can assist sustainability managers and engineers to consider the typical measures for an existing shopping centre. Besides, shopping centre stakeholders can use the conceptual framework developed in the study for measuring the projected performance of a sustainable upgrade project and provide reference for investment decision or a project optimisation.

KEYWORDS

Impacts, Sustainable upgrades, Property performance, Australia

CITE THIS PAPER

Qingyu Meng, Lam TYM. The Impacts of Sustainable Upgrades of Shopping Centres on Property Performance in Australia:a Preliminary Framework. Journal of Civil Engineering and Urban Planning (2021) Vol. 3: 1-14. DOI: http://dx.doi.org/10.23977/jceup.2021.030101.

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