Costing Energy Efficiency Improvements in Existing Commercial Buildings
In recent years, brand new, highly efficient office buildings have tended to grab the headlines when discussing improved energy performance in commercial properties. Opportunities to reduce energy consumption in existing buildings have been under publicised for a variety of reasons, the most notable being
a lack of available cost data, appropriateness of certain technologies and their respective energy savings, perceived level of disruption to occupiers and the ‘who pays, who gains’ issue between landlords and tenants.
In January 2009, the Investment Property Forum (IPF) published a report investigating the costs of making energy efficiency improvements to existing commercial buildings. The primary aims of the original research were to identify the key improvements that could be made to existing commercial buildings and the building types that presented the greatest opportunities to reduce carbon dioxide (CO2) emissions.
Since its publication, the research has been used to support strategic decision making by the property and investment community through identifying those buildings in a portfolio that can yield the largest CO2 savings for the least cost. The research has been of particular value to investment fund managers, asset
managers, property managers and letting agents.