The impact of sustainability on value


space. Developers will seriously need to consider whether to refurbish or redevelop the offices of the future.

New energy performance targets from the UK Green Building Council (UKGBC) have been drawn up to be integrated into the net zero carbon buildings framework, which will represent more stretching requirements for commercial offices claiming net zero in operation and set out a trajectory of tightening energy performance requirements over the next 15 years. By 2030, the UKGBC are advocating that all buildings (new and existing) must meet a minimum Display Energy Certificates B rating for energy use amongst other factors to meet climate change and net zero carbon targets.

Ultimately to achieve operational net zero carbon in a building, there needs to be a partnership between the landlord and tenant in how the building is occupied and run. There is significant scope for landlords and developers to collaborate more closely with

occupiers on sustainability, particularly in multi-tenanted buildings and to be more proactive to help support occupiers with their sustainability programme.

“We’ve had the best success when we’re the only tenant and we’re involved from the design stage. Most of our locations, however, are in multi-tenanted buildings we have much less control – so we expect the landlord to do more.”

Furthermore, with the trend towards shorter lease lengths several firms talked about the difficulty of making sustainability-focused capital outlays viable without the support of the landlord.

“Certain sustainability upgrades, like investments in HVAC systems or chillers require a reasonably lengthy payback period, so it’s difficult to make them work for us. In these situations, we’re asking landlords to take on more of the responsibility or provide incentives to make our spaces more sustainable.”

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