Low Carbon workplace could redefine the relationship between landlords and tenants, says independent analyst of the industry
London, United Kingdom (UK PRWEB) March 23, 2011
An innovative business model that allows commercial tenants with ongoing support to reduce their carbon emissions could redefine relations landlord tenant-the United Kingdom, according to independent analyst firm Verdantix.
Verdantix – in its March 2011 report “Low Carbon Real Estate Fund Launched in the UK” – describes the unique approach to landlord and tenant commitment made by the Low Carbon Partnership in the workplace as “key added value “for” green “real estate funds. The initiative could pave the way for long-term effectiveness of carbon existing buildings, it said.
low carbon workplace partnership, established in 2010 between the Carbon Trust, Stanhope developer and fund manager Threadneedle, invests in commercial office buildings tired and repositioning with wide green renovation.
Low Carbon
work Ltd, a subsidiary of Carbon Trust carbon and exclusive advisor for the Fund, partners with tenants through a pioneering agreement, low-carbon Workplace Charter, which stipulates the measures necessary to manage their carbon footprint in a building on an ongoing basis. Achieving the low carbon makes the tenant eligible for certification to the standard Low Carbon workplace, a new benchmark for environmental buildings.
Tenants now consider the environmental effectiveness as an indicator of quality in the rental market. This is the first example of a landlord and tenant proactively participate in the performance of building energy efficiency and carbon is an approach that adds value for both parties, “said analyst Ray Crowley and Verdantix author of the report.
Katharine Deas, Chief of Low Carbon Ltd. in the workplace, said: “Even in the most carbon efficient building occupants play crucial roles in reducing emissions. Yet many occupants did not specialized resources needed to keep their carbon footprint down.
Low Carbon Workplace initiative is the first property to identify and remedy this problem by providing support on a long term basis. We believe it is an interesting proposition for any company seeking to reduce carbon emissions. “
Low Carbon
workplace has recently announced the acquisition of its first four properties and has pre-leased its first building – Premier House in Twickenham, Surrey – at Thames Valley Housing Association.
End.
Notes to Editors
partner roles:
The Carbon Trust is a not-for-profit company whose mission is to accelerate the transition to a low carbon economy, providing technical assistance to businesses and the public sector to help reduce carbon emissions Energy saving and commercialize low carbon technologies.
Low Carbon Limited
work is a wholly-owned subsidiary of Carbon Trust Enterprises Limited, the commercial arm of the Carbon Trust, and contribute advice on low carbon design for renovations, coordinating Low Carbon Standard in workplace and to provide assistance to low-carbon to the occupants under the Low Carbon Charter workplace.
Threadneedle is the fund manager Threadneedle Trust LCW. Threadneedle has one of the teams much bigger and more experienced exploitation in the UK today with 26 investment professionals.
Threadneedle has been investing in commercial real estate since 1994 and currently manages over £ 5.6 billion in property assets (as of 31.12.2010). Our property team have an average experience of 17 years of market and have been with Threadneedle for over nine years on average. This stability was a key factor in team success. Indeed, the team received the Fund Manager of the Year 2009 Award Property Week – the fourth time they have won this prestigious award, and were also awarded EuroProperty fund manager of the Year 2009
.
Stanhope Plc is a UK based developer of major real estate projects, commercial and mixed use. With 25 years experience and over £ 10 billion of completed projects behind it, Stanhope has built an undisputed specialist in-house team which earned a reputation for quality and integrity that is second to none.
Stanhope will design and deliver all the renovations for LCW. With a focus on research and innovation, Stanhope has been at the forefront of sustainable innovation in the built environment more than a decade. Stanhope and experience in the supply chain in place, with a commitment to collaborate with the occupier in the design process, will reduce the financial and material waste.
Completed projects include Broadgate
Stanhope, the Royal Opera House, Tate Modern, the Treasury and Paternoster Square and totals more than 30 office buildings delivered to homeowners or pre-lease. The team is currently working on a pipeline of 10 million square feet in 17 projects with partners including the Crown Estate, Legal & General, Schroders and BSkyB.
Verdantix is ??an independent analyst firm focused on sustainable business. Verdantix research covers sustainable real estate investment, development and professional strategies, services, technology, financing and regulation governing real estate players. Research bridges the individual asset level, portfolio level and on a larger scale of urban development.
For more information visit http://www.verdantix.com Verdantix
Verdantix The report “Low Carbon Real Estate Fund Launched in the UK” is available for download on our website http://www.lowcarbonworkplace.com.
For more information, please contact:
Joanna Thorpe or Anna Ridout, workplace low carbon Ltd.
T: 020 7631 7490 / 4
E: Joanna.thorpe (at) lowcarbonworkplace (dot) com or anna.ridout (at) lowcarbonworkplace (dot) com
Http: / / www.lowcarbonworkplace.com
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