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What innovation means to commercial property

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    Victor Hoog Antink, CEO, Dexus Property Group

    Innovation in the property industry centres on understanding and anticipating tenant needs to deliver commercially viable property solutions that provide the workspace quality and amenity that customers demand.

    The leading area of innovation in commercial property is sustainability design and performance. This is particularly sought-after in premium quality office space - where Dexus specialises. For example, at our 123 Albert Street development in Brisbane, our design specification to achieve a 6 star Green Star rating was crucial in securing anchor tenant Rio Tinto, who shares our vision for the next generation of office design. Factors driving innovation include greater public awareness of sustainability, heightened corporate responsibility and greater political commitment through both legislated and voluntary performance measures.

    When you consider that commercial buildings and their occupants emit almost a quarter of Australia's greenhouse gases, the property industry can make a real difference. Innovation is the key here and requires both corporate commitment and supportive legislation to encourage further progress, particularly in regards to the challenge of 'future-proofing' existing property stock.

    Today, commercial properties with few sustainability features risk becoming obsolete very quickly. Investment in sustainability is a long-term commitment but one we believe is a key differentiator, particularly for premium buildings.

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