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A Review of the Impact of Green Building Certification on the Cash Flows and Values of Commercial Properties

In the Finnish real estate market, the valuation of commercial properties has been highly associated to green certificates. This review provides a comparative analysis on the characteristics and value of different types of properties, using cash flow parameters, such as: rental income, occupancy, operating costs, sales price. It also contrasts energy-efficiency investments portfolios in Finland, US, Canada, and Europe.

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