RenoValue

RenoValue was a 2-year project funded by the Intelligent Energy Europe Programme of the European Union. The project developed a training toolkit for property valuation professionals on how to factor energy efficiency, renewable energy, and other sustainability aspects into valuation practices, and consequently help valuation professionals better understand the relationship between building performance and property value and encourage them to advise their clients accordingly. The project started in February 2014 and ended in June 2016. It was run by a consortium of companies and organisations, which together cover a broad range of real estate and construction stakeholders. The RenoValue consortium consisted of RICS, the Karlsruhe Institute of Technology, CBRE, the Polytechnic of Milan, the Polish National Energy Conservation Agency, Troostwijk Real Estate, Skanska, and Business Solutions Europa. In addition, the partnership was supported by INZEB an Greek Civil nonprofit company. RenoValue project was assisted by a high-level European Valuation Steering Group including representatives from the following organisations: Caisse des Dépôts, Cushman & Wakefield, Hermes Real Estate, European Group of Valuer’s Associations (TEGoVA), United Nations Environment Programme’s Suistanable Buildings and Climate Initiative (UNEPSBCI), World Green Building Council. The final report of the project is available here.