We are delighted to launch our latest white paper – From Obsolescence to Resilience. The paper explores the key factors driving obsolescence and considers how value can be created through strategic refurbishment and asset management.
This time it's differentThis is not a new issue but three key drivers - Legislation, Corporate requirements and Technology - will now accelerate depreciation and drive obsolescence.
"...the combination of circumstance will see obsolescence raise its head to an extent not previously seen"*
Risks, opportunities and strategiesThe risks and opportunities for both investors and occupiers are discussed and three key strategies are outlined.Each strategy can be adopted in order to maintain or increase a building’s asset value. The accompanying case studies demonstrate how the strategies take into account capital expenditure, value creation potential, underlying risks and market requirement.
Should you be interested in discussing the impact of Obsolescence further with our expert team, please do not hesitate to contact us.
Key headlines include:• Offices by nature are more prone to depreciation and obsolescence than any other commercial sector.• The industry will be forced to adapt quickly to risks being driven by fundamental changes in sustainability, corporate requirements and technology.• Obsolete stock is likely to display longer voids, lower rental growth and higher rent free periods• Now more than ever, sustainable refurbishment and proactive asset management will be required, with an opportunity for the investment savvy to mitigate these risks.• Outperformance will logically derive from high quality sustainable product and from proactive refurbishment and upgrading of stock.
* BCO (2012), ‘Change for the good: Identifying opportunities from obsolescence.
Discover one of the finest examples of JLL delivering a truly integrated solution in the transformation of an iconic landmark from potential obsolescence to long-term resilience.
Follow the journey of Bush House, the former home of the BBC World Service, through time to the creation of Aldwych Quarter, a fully modernised office campus that is now ready to continue its legacy with a new generation of businesses.
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Buildings & Construction
Delivering Building Consultancy, Project Management, Cost Management and Development Management services to investors, occupiers and developers. A team of 230 operate from 15 UK offices as part of our Pan EMEA group.
The team provides integrated solutions through the acquisition, development, management and disposal phases of the property life cycle. Working with both the commercial and public sectors, we offer a range of sector and technical specialists.
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