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Energy use 'to influence commercial property values'
The value of commercial properties is to be increasingly influenced by their energy efficiency and carbon dioxide (CO2) emissions.
This is the view of Julie Hirigoyen of Upstream, Jones Lang LaSalle's sustainability services team, who explained that these factors are likely to play a more advanced role in business property prices over the next decade.
"It is likely that capital and rental values will gradually reflect the respective energy and carbon intensity of buildings and their capacity to cope in different climatic conditions," she observed.
As a result, she argued, it is important that work starts now on making the built environment "less of a climate change culprit".
Research in the company's 'From Sandbags to Solar Panels' report suggests that commercial properties currently account for around 45% of the UK's CO2 output due to high consumption of energy for heating, cooling and lighting.
In related news today, Jones Lang LaSalle has also revealed that the UK led the way in the European retail property investment market during the final three months of last year.
This is the view of Julie Hirigoyen of Upstream, Jones Lang LaSalle's sustainability services team, who explained that these factors are likely to play a more advanced role in business property prices over the next decade.
"It is likely that capital and rental values will gradually reflect the respective energy and carbon intensity of buildings and their capacity to cope in different climatic conditions," she observed.
As a result, she argued, it is important that work starts now on making the built environment "less of a climate change culprit".
Research in the company's 'From Sandbags to Solar Panels' report suggests that commercial properties currently account for around 45% of the UK's CO2 output due to high consumption of energy for heating, cooling and lighting.
In related news today, Jones Lang LaSalle has also revealed that the UK led the way in the European retail property investment market during the final three months of last year.
Fri, 29th Jan 2010