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Sustainability

Sustainability. Future Impact on Built Asset Investments Matt Fulford. Overview . Market Drivers Impact on Value and Costs When to Certify Summary and Q&A. Why is there a Driver for a Sustainable Approach?. Oil price fluctuations. Carbon Taxation. PUBLIC OPINION Media

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Sustainability

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  1. Sustainability Future Impact on Built Asset Investments Matt Fulford

  2. Overview Market Drivers Impact on Value and Costs When to Certify Summary and Q&A ProEstate 2009 |

  3. Why is there a Driver for a Sustainable Approach? Oil price fluctuations Carbon Taxation PUBLIC OPINION Media Environmental Lobbyist STAFF OPINION Recruitment and Retention Fight for Talent Carbon Trading Energy Certificates (EU) Building Codes Climate Change Legislation Reduced Maintenance Lower Utility Costs Reduced Sickness Improved productivity Occupiers and institutional investors are beginning to factor these issues in to acquisition appraisals ProEstate 2009 |

  4. Certification adds long term value to the asset Major corporates are starting to demand a high sustainability certification on their new tenancies: BREEAM (Very Good to Excellent) LEED (Silver to Gold) National Standards (where available) Institutional Investors are starting to view certified buildings has having a lower long term risk of voids Evidence starting to indicating sales premiums of +5-10% and rental premiums of +4-8% for certified buildings. ProEstate 2009 |

  5. Value of Occupying Sustainable Buildings ProEstate 2009 |

  6. Cost of Creating a Certified Building Additional construction costs for ‘Very Good’ rating are typically between 0-3%. Factors which will influence level of costs: Early Input Co-ordinated and managed design team approach Ability to challenge design solutions Ability to split between energy and accommodation part of assets and create revenue generation from energy F alling costs of required technologies ProEstate 2009 |

  7. Cost of Certified Sustainable Buildings ProEstate 2009 |

  8. Value of Early Input Opportunity decreases with time – early credits are also more cost effective ProEstate 2009 |

  9. The Energy Efficiency and Sustainability is becoming an important factor in the future of built assets The issue will impact on future values and costs Early and informed advice is required to minimise costs and maximise value There is a need to accredited buildings to realise full value potential Be prepared for rapid change. Summary ProEstate 2009 |

  10. Q&A For Further Information Contact: Matt Fulford +44 (0) 7971 787363 ProEstate 2009 |

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