GPT: Retail tenants evaluate sustainability differently

05/30/2011 | Age (Melbourne, Australia), The

Sustainability means different things to the retail sector, compared with the office sector. Retail tenants, for example, are far more sensitive to location and less inclined to evaluate a particular building's green bona fides against another. Instead retail developers, such as Australia's GPT Group, focuses on social sustainability and operational efficiencies. "Tenants have got a lot of drivers that go into determining which shopping centre they will go to and it's not necessarily going to come down to ticking a box on sustainability," says Angus Gordon, development manager, sustainability & operation.

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Age (Melbourne, Australia), The

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