Technical due diligence (TDD) enables those involved with the acquisition, occupancy and disposal of commercial property to understand and manage risk, make informed decisions, and future-proof their investments. Building services installations are more dynamic – and their associated issues often result in greater disruption and cost – than the building fabric elements, so M&E technical expertise and advice is a fundamental part of the TDD process.
Lack of government incentives puts brakes on energy efficiency
80% of commercial property landlords claim a lack of government incentives is the single biggest barrier to widespread energy efficiency measures being introduced across UK commercial real estate, according to TFT, the leading property and construction consultancy, in the TFT Energy Survey 2016 published today.
With a confusing array of disconnected, individual energy regulations, a further 75% have said that the current regulatory framework is too complex to navigate. This comes even though an overwhelming majority of respondents to TFT’s first annual survey (92%) say that attitudes to energy efficiency have improved since the last recession.
Similarly, 90% are clear that energy efficiency is a higher priority in their portfolios than it was before 2008. However, only 35% of investors have introduced a formal energy management system or implemented energy efficiency improvements.
TFT Energy Survey 2016 is TFT’s first annual survey into the current barriers to delivering truly energy efficient real estate. Specifically targeting property investors and managers, it explores a range of key issues including whether energy efficiency has become a higher priority.