Just as residential landlords are contemplating the costs of bringing older properties up to the proposed new standard – very likely EPC band “C” required by December 2025 – so too are commercial landlords.
Those with office and retail investments, and some industrial buildings, also face having to pay out the substantial additional costs involved in making their buildings Covid friendly.
These prospects will in the meantime have a negative impact on the valuation of those properties needing this additional work, costs which will inevitably be factored into any purchase decision when buyers do their sums.
New research* conducted by international environmental consultants Deepki shows how environmental sustainability in buildings can have a dramatic affect on their value.
Deepki claims to be the only company in the world offering a fully populated Environmental, Social, and Governance (ESG) data intelligence platform to help commercial real estate investors, owners and managers improve the ESG performance of their real estate assets, and therefore enhance value.
*Research conducted by Pureprofile with 100 institutional commercial real estate investors and commercial real estate professionals in October 2021.
