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Property is one of the biggest items on a business’s balance sheet and the pandemic has placed cost and effectiveness of occupation in sharp focus.
Hybrid working models have widespread support as executives grapple with how to right size their office holdings whilst maintaining or increasing productivity.
We recently ran a webinar, in collaboration with Oktra and Leesman, to provide guidance on how to approach an upcoming stay or go decision and to provide an overview of what workplace, property and design knowledge should be taken into consideration when reviewing your business’s office accommodation strategy.
A recording of this session is available below.
The government has confirmed that all non-domestic rented buildings will need to meet EPC Band B by 2030.
The Energy Efficiency Regulations initially set a Minimum Energy Efficiency Standard (MEES) of EPC Band E for private rented properties, which has applied to all new tenancies (including renewals) since April 2018. From 1 April 2023 this will apply to all privately rented properties irrespective of whether there is a change to tenancy.
The Government has consulted on proposals to uplift existing MEES regulations, in order to set a new long-term regulatory target of EPC Band B by 2030 (or the highest EPC band a cost-effective package of measures could reach). There has been widespread support in favour of this change and following the release of a new Energy White Paper, the government has confirmed that this tighter long-term regulatory requirement will be put in place.
These changes could have a significant impact on investor requirements to improve carbon performance to meet new regulatory requirements.
We recently ran a webinar for our banking clients to discuss the impact on valuations, retrofit actions and what lenders will need to consider in readiness for new legislative changes. A recording of this session is available below.