Consider the environment to future proof property investment

Owners, operators and investors in the property sector should consider the environment when making decisions about their buildings in the future.

The built sector accounts for 30 per cent of global carbon emissions, 40 per cent of global energy consumption and 40 per cent of global resource consumption so action needs to be taken now to mitigate climate change.

Leading climate scientists say to keep global warming to 1.5C above pre-industrial levels, carbon pollution needs to be cut by 45 per cent by 2030 and down to zero by 2050.

“Sustainability is the key word for the building sector,” said Simon Priscott, Property Management Consultant at Berrys.

“Thinking about climate change and how buildings can be improved to reduce their carbon footprint will be beneficial for the environment and for everyone associated with property – landlords, investors and tenants.”

According to sustainability advisory business Longevity Partners, property owners and investors who fail to consider the environment are putting their property investments at risk.

Taking action, on the other hand, will improve building management and performance, reduce costs and bring new technology and income streams and access to green capital to the benefit of all stakeholders.

So what can be done? Energy efficiency can be improved in existing buildings using modern technology and new developments should be designed for operational performance and include the highest specification for energy efficiency. All buildings should be monitored to track progress and meet environmental and sustainability targets.

“Global warming is a challenge but by thinking about sustainability now we can future poof longer term income benefits to investors, de-risk assets and boost occupancy rates and rents for landlords while occupiers should benefit from operational cost reduction and increased staff productivity,” Simon added.

For further details contact Simon Priscott of Berrys on 01865 953181 email