Navigating sustainable retrofit in real estate
6 min read 28 October 2024
Sustainable retrofit is critical to meeting UK net zero targets. With 80% of today's buildings still expected to be in use by 2050, current retrofitting rate of 1% per year must triple to align with these goals.
Recognising the complexity of the real estate ecosystem, this was report commissioned by Barclays and undertaken by Baringa in collaboration with JLL, Travis Perkins and TrustMark. Within the report, we give practical guidance and outline the three key enablers to help guide you through this journey:
- Think long-term: Sustainable retrofitting is an ongoing journey. Develop long-term sustainability plans aligned with business goals, tenant leases, and maintenance schedules to spread costs and minimise disruption.
- Seek specialist support: Real estate advisors, sustainability consultants, and banks can help navigate the regulatory hurdles, financing options, and technical complexities of retrofitting.
- Be data-driven: Focus on real-world energy consumption data to guide retrofitting strategies, allowing you to make informed decisions, tailor interventions, and maximise returns.
Sustainable retrofitting is not just a necessity - it’s a strategic imperative. With these enablers in place, it can help to enhance asset value, cut operational costs, and ensures long-term competitiveness and support the future-proofing of your assets.
Download our report and get in touch with David Mackenzie or Daniel Bresgi to discover how your organisation can unlock the strategic value of retrofitting.
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