North East
6 Centre Square is on schedule to be completed early next year
Location is also important. Our position in the centre of Middlesbrough, the Tees Valley’s transport hub, makes it easier to travel to work and take advantage of a wide range of local amenities.
What about the rising cost of energy?
MA: A move to Centre Square’s Grade A offices can also help businesses cope with the impact of a significant increase in electricity prices. The design of our offices incorporates a wide range of features which reduce energy usage. These include a low energy LED lighting and control system with daylight dimming, and installation of Variable Refrigerant Flow (VRF) comfort cooling systems with heat recovery.
In addition, solar panels have been installed on the roof which power the solar water heating system and meet part of the building’s remaining power requirement. As a result each of the Centre Square offices has achieved an EPC rating of A. This in turn has delivered significant savings to our occupiers. For example, one of the largest has reduced its energy usage per square metre by approximately 60% compared with its previous premises, which was an EPC D rated building. This occupier will not only benefit from a move to Centre Square this year but for many years to come.
Furthermore, moving into an
EPC A rated building means businesses will avoid the cost and disruption associated with implementing the changes the government will be requiring.
Do businesses realise these changes could be just around the corner?
Stunning appearance - the new Centre Square building
MA: Perhaps not – and this seems to have gone under the radar. But research by Savills - one of the world’s oldest and leading property agents - suggests that 85% of office space in commercial centres such as London, Leeds and Manchester is rated at EPC grade C or below and a further 800 million sq ft is below the proposed new B rating. Savills
COMMERCIAL PROPERTY MONTHLY 2022 51
Mark Ashall, Managing Director of Ashall Projects
estimates that it could cost UK landlords more than £40 per sq ft (£430 per sq m) to make these improvements in order to achieve the new energy targets.
Is Centre Square helping your occupiers reduce their impact on the environment?
MA: Very much so. In addition to the energy efficiency measures listed above we have reduced energy usage through the use of solar shading, the installation of eco-efficient passenger lifts and insulating the building to a very high standard.
The combined impact of all the above measures is that the building emission rate of our offices is a fraction of the average office building stock on Teesside. For example, by moving to Centre Square one of our larger occupiers has reduced its building emission rate (measured as kg CO2/m2 per year) by 77%.
Thank you Mark. Finally, is there any space left in the three buildings?
MA: Most has been let, but there is still approximately 5,000 sq ft available in One and Two Centre Square as well as 10,000 sq ft on the top floor of the new building – Six Centre Square.
For more information contact Ashall Projects on 01928 280160 or at mark.
ashall@ashallproperty.com or Dodds Brown on 01642 244130 or
s.brown@
doddsbrown.co.uk
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