Overview

Today, the number and age of commercial and industrial buildings has a negative impact on rental values. In the present economic climate, refurbishment of existing buildings is a faster, more cost-effective solution than new-build in order to meet sustainable targets. Refurbishment increases asset and lettable values, making the building more attractive tobuyers and tenants alike.

UK Government has set ambitious, legally binding targets (Climate Change Act 2008) to reduce greenhouse gas emissions by at least 80% by 2050, with an immediate target of 34% by 2020 (against a 1990 baseline). Today’s stock of 1.8 million non-domestic buildings accounts for 18% of the UK’s greenhouse gas emissions and the energy used in these buildings is approximately 300TWh per annum - equivalent to the primary energy use of Switzerland3. Therefore, significant energy efficiency improvements for existing buildings are required to meet these goals. 3 Source: Carbon Trust / IEA energy data, 2007.

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