Directions for a sustainable real estate strategy

P. de Jong*, H.T. Remøy, E.W.T.M. Heurkens

*Corresponding author for this work

Research output: Contribution to conferencePaper

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Abstract

Purpose – The Delft University of Technology adapted their sustainable mission and wants to apply it also to the corporate real estate management. To allow decision making based upon a more integral approach in a long term perspective a choice is made for total cost of ownership. The benevolent project managers, asset managers, facility managers and financial account managers then ask for data, where they actually need a compass to interpret that data. The purpose of this paper is to find that compass.

Design/methodology/approach – A theory-practice oriented approach is followed. Literature review is conducted to identify the need for a new economy that distances itself from the outdated neo-liberal models and gives space to a material-driven circular economy on the one hand and the more pragmatic life-cycle cost (total cost of ownership) approach on the other.

Findings – It seems that the donut economy offers the compass that the practice currently needs. It offers scope for making assumptions in a period in which people know which way things are going and at the same time want to have 'hard data'.

Quality/value – The study has the potential to support the university real estate management in its aim to meet their sustainable mission and to set a general approach. It will contribute to a larger research on this topic.
Original languageEnglish
Number of pages8
DOIs
Publication statusPublished - 2023
EventERES 2023: 29th Annual European Real Estate Society Conference - University College London, London, United Kingdom
Duration: 12 Jul 202315 Jul 2023

Conference

ConferenceERES 2023
Country/TerritoryUnited Kingdom
CityLondon
Period12/07/2315/07/23

Keywords

  • Total cost of ownership
  • Doughnut economics
  • Circular strategies

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