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Green solutions drive up property value

JLL event to advise on delivering maximum property value through sustainability measures

BRISTOL, November 10, 2014 - Demand for green measures to cut energy consumption and reduce carbon emissions on commercial buildings is growing rapidly, according to leading property consultants JLL, and is now making a direct impact on property values.

A major seminar is being held in Bristol this week (Thursday 13 November) highlighting the benefits of new sustainability solutions and the impact of the latest environmental regulations.

Buildings account for 47% of the UK’s CO2 emissions and businesses are now recognising that improving a building’s sustainability can have a direct effect on the bottom line, as well as helping to meet government targets on issues like carbon emissions. But how green a building is can also increase its value.

Daniel BishopDaniel Bishop, director in JLL’s valuation advisory team in Bristol, will say:

“We have seen a significant shift in mind-set over the last 3-4 years, with the majority of business leaders now believing that sustainability issues must be at the heart of business decision making and also play a crucial role in location decisions.

“There is increasing demand for environmental measures such as energy efficient lighting, improved waste and water management and green energy generation from property occupiers. Large number of the UK’s major institutions and funds are responding to this demand. Those that have made the investment are seeing values increase as a result.”

The event is being held at The Clifton Pavilion, Bristol Zoo Gardens, and will also include presentations from Julie Hirigoyen, UK head of sustainability at JLL, and Louise Ellison, chair of the Better Buildings Partnership and head of sustainability at Hammerson.

Sustainability solutions that are increasingly employed by property owners and managers include energy management and metering systems, energy efficient lighting and climate control systems including natural ventilation, reduced water consumption and increased waste management, plus on-site energy generation such as solar PV, biomass, heat pumps and wind turbines.

But we’re in danger of running out of time for vast swathes of commercial and industrial property, according to JLL. Under the 2011 Energy Act it will be illegal to let any building with an EPC rating of F or G.

Daniel Bishop will add:

“Owners and occupiers need to act now to ensure they deliver maximum value on their property. And for those at the lower end of the spectrum, steps must be taken to reduce the environmental impact of buildings and secure their future beyond 2018.”