Thank you to everyone who joined us for our ‘Sustainability: The EPC B Challenge’ breakfast forum last week.
The government has pledged to require all commercial non-domestic buildings to achieve EPC B rating by 2030. Working with Arup and Capital Real Estate Partners, Turner & Townsend alinea prepared a recent article for Building magazine to consider what this means for London’s commercial real estate, what might be required and how much it might all cost.
At the breakfast forum, Turner & Townsend alinea Directors Michael Cracknell and Steve Watts presented and discussed the topic alongside Mark Ridley, Partner at Capital Real Estate Partners and Michael Edwards, Director at Arup.
Energy Performance Certificates are based upon the potential energy usage of a building and often do not correlate well with the actual usage. The Building Better Partnerships’ 2019 report highlighted this issue, suggesting that some buildings with EPC ratings of C, D or E could perform as well as buildings with higher ratings. The government in 2021 issued consultations on both how best to implement further EPC legislation as well the introduction of a Nabers type measure to understand actual building performance, but to date has not reached any conclusions on either.
In the meantime, the 2030 deadline gets ever nearer, the sustainability imperative grows stronger and landlords, funders, developers, contractors and consultant try to work how we should be responding.
Turner Townsend alinea have been working with a number of clients to help them understand the cost of both EPC and performance related upgrades and would be very happy to discuss these issues further. Please contact Michael Cracknell, Director at Turner & Townsend alinea.
For more information, you can find the article on Building Magazine’s website here.
The article was produced with contributions from last week’s speakers, as well as Turner & Townsend alinea Associate Research Analyst Rachel Coleman.
If you missed the forum session, or would like to rewatch it, you can find this on YouTube here.