Real estate sustainability

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Courtesy of WSP | Parsons Brinckerhoff

In this edition of Real Estate Sustainability we look at some of the key legislation being introduced that affects the UK commercial property industry. Inside we review the core legislation, who it impacts and how, and the next steps you could take.

At phased intervals throughout 2008 vendors and/or owners of all commercial properties will be required to obtain an Energy Performance Certificate (EPC) on completion of construction/refurbishment works or at the time of sale, lease or re-lease. EPCs typically assess a building’s energy efficiency in terms of its fabric and installed systems. At the end of the process the building will receive a certificate rating its performance.

The EPC is renewable every 10 years (or after a building has been modified). The penalty in England and Wales for failing to provide an EPC when required is 12.5% of the rateable value of the property with a minimum fine of GBP£500 and a maximum of GBP£5,000. Having been fined an EPC will still be required.

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