Economic Evaluation of Investment From The Perspective of Sustainability In The Construction Industry

Economic Evaluation of Investment From The Perspective of Sustainability In The Construction Industry

Stať ve sborníku mimo WoS a Scopus

Sustainability and the ESG framework are a very current and important pan-European element in the construction industry. Various regulations related to the so-called European Green Deal are being incorporated into the member states from the European Union, or rather from the EU Commission. The European Union's goal is to achieve climate neutrality by 2050 thanks to this comprehensive strategic plan. Thanks to this "green" pressure, both developers, investors and construction contractors are implementing more environmentally friendly constructions. The article focuses on a case study regarding a large development project in the Czech Republic, directly in the city of Brno, which concerns the revitalization of the old "Zbrojovka" factory, which was a strategic location from the point of view of mechanical engineering and the defense industry. The revitalization has been underway since 2021 as a conversion of the factory into office space called "Nová Zbrojovka". The case study focuses on the construction of a selected office building as an environmentally and technologically advanced building, its impact on the surroundings, and also shows the impact of changing such an advanced building with the construction of a "classic" building according to the legislative standard. These impacts of changes in construction are shown in construction (implementation) costs, building operation costs and an evaluation of economic efficiency in terms of return on investment.

Sustainability and the ESG framework are a very current and important pan-European element in the construction industry. Various regulations related to the so-called European Green Deal are being incorporated into the member states from the European Union, or rather from the EU Commission. The European Union's goal is to achieve climate neutrality by 2050 thanks to this comprehensive strategic plan. Thanks to this "green" pressure, both developers, investors and construction contractors are implementing more environmentally friendly constructions. The article focuses on a case study regarding a large development project in the Czech Republic, directly in the city of Brno, which concerns the revitalization of the old "Zbrojovka" factory, which was a strategic location from the point of view of mechanical engineering and the defense industry. The revitalization has been underway since 2021 as a conversion of the factory into office space called "Nová Zbrojovka". The case study focuses on the construction of a selected office building as an environmentally and technologically advanced building, its impact on the surroundings, and also shows the impact of changing such an advanced building with the construction of a "classic" building according to the legislative standard. These impacts of changes in construction are shown in construction (implementation) costs, building operation costs and an evaluation of economic efficiency in terms of return on investment.

CAPEX; OPEX; IRR; Sustainability; Economics of Investment

CAPEX; OPEX; IRR; Sustainability; Economics of Investment

VÍTKOVÁ, E.; KOCOURKOVÁ, G.; ŽIŽKOVÁ, N.; PRACHAŘ, M.

30.09.2026

University of Zagreb, Faculty of Civil Engineering

Zagreb, Croatia

978-953-7686-14-7

OMTC 2026 Proceedings

231

245

15

https://www.otmc-conference.com/otmc-proceedings/