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Urbana","movilidad-urbana",{"code":23},{"id":1447,"status":1448,"segmentId":25,"slug":1449,"title":1450,"editorsPick":1451,"topImage":1452,"coverImage":1453,"slideImage":8,"publishDate":1454,"readTime":25,"maxRelatedEvents":5,"image":8,"imageCredit":1455,"imageCreditColor":1456,"breakNewsUntil":1454,"seoTagConversionId":8,"seoTag":8,"seoTitle":8,"seoKeywords":8,"seoDescription":8,"seoAbstract":8,"seoImage":8,"visitCounter":1457,"createdAt":1458,"updatedAt":1459,"translations":1460,"segment":1472,"categories":1480,"countries":1497,"authors":1515,"urls":1516},2336,"TRUE","why-more-office-retrofits-are-working-around-employees","Why more office retrofits are working around employees",false,"https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002FAnyConv.com_Slider_2024_9_27_12_03_53_1727449433.webp","https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002FAnyConv.com_Cover_2024_9_27_12_03_53_1727449433.webp","2024-09-27T00:00:00.000Z","Credit: JLL","#FFFFFF",1557,"2024-09-27T12:03:53.000Z","2024-11-28T08:58:20.000Z",[1461],{"id":1462,"newsId":1447,"languageId":47,"title":1450,"subtitle":1463,"content":1464,"summary":8,"takeaways":8,"seoTagConversionId":1465,"seoTag":978,"seoTitle":1450,"seoKeywords":1466,"seoDescription":1467,"seoAbstract":978,"seoImage":1468,"createdAt":1469,"updatedAt":1470,"language":1471},2486,"Landlords mindful of net-zero carbon benefits aren’t waiting for tenants to vacate spaces before undertaking retrofit projects","\u003Cstyle>.news-page__content p{margin-bottom:1.5em !important;}\u003C\u002Fstyle>\r\n\u003Cp>Written by \u003Cstrong>JLL\u003C\u002Fstrong>\u003C\u002Fp>\r\nBuilding owners typically wait until offices are empty to spruce up or modernize spaces before the next lease starts.&nbsp;\u003Cbr \u002F>\r\n\u003Cbr \u002F>\r\n\u003Cp>But landlords have started undertaking more significant retrofit projects while companies are still there. Any inconvenience &ndash; either for landlords or tenants &ndash; is increasingly viewed as necessary to avoid financial penalties, or outright obsolescence, amid new sustainability regulations.\u003C\u002Fp>\r\n\u003Cp dir=\"ltr\">For the tenants, it means employees may find themselves taking the stairs as elevators are commandeered to transport materials and equipment. Meanwhile, landlords must minimize noise and power outages, as well as make sure the building remains accessible.&nbsp;\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">&ldquo;While vacant possession is the ideal scenario for a retrofit, it&rsquo;s rare that everything falls into place to give you free rein,&rdquo; says Paula Gonzalez, Director of Program Management at JLL. Regulations such as the D&eacute;cret Tertiaire in France, the UN Paris Agreement and MEES in the UK, &ldquo;are pushing landlords and tenants to make changes sooner rather than later.&rdquo;\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">In 10 major European and North American cities, \u003Cstrong>\u003Ca href=\"https:\u002F\u002Fwww.jll.co.uk\u002Fen\u002Ftrends-and-insights\u002Fresearch\u002Fretrofitting-buildings-to-be-future-fit?utm_source=google&amp;utm_medium=referral&amp;utm_campaign=em-uk-wd-pds&amp;utm_term=gri\" target=\"_blank\">90% of office buildings\u003C\u002Fa>\u003C\u002Fstrong> are over 10 years old and unlikely to comply with future energy efficiency standards. And with more than 8,000 companies globally committed to \u003Cstrong>\u003Ca href=\"https:\u002F\u002Fsciencebasedtargets.org\u002Fcompanies-taking-action\" target=\"_blank\">science-based targets\u003C\u002Fa>\u003C\u002Fstrong>, occupiers now have stringent criteria when it comes to renting offices - and they&rsquo;re willing to pay more.&nbsp;\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">The lack of NZC-ready buildings means just \u003Cstrong>\u003Ca href=\"https:\u002F\u002Fwww.jll.co.uk\u002Fen\u002Ftrends-and-insights\u002Fresearch\u002Fthe-green-tipping-point?utm_source=google&amp;utm_medium=referral&amp;utm_campaign=em-uk-wd-pds&amp;utm_term=gri\" target=\"_blank\">30% of future demand\u003C\u002Fa>\u003C\u002Fstrong> for low-carbon workspace will be met in the next several years, pushing the average rental premium for certified offices in London over 11%, while in North America and Asia it&rsquo;s between 7% and 10%, according to JLL data.\u003C\u002Fp>\r\n\r\n\u003Ch3 dir=\"ltr\">\u003Cstrong>Bridging the gap between theory and practice\u003C\u002Fstrong>\u003C\u002Fh3>\r\n\r\n\u003Cp dir=\"ltr\">These regulations coupled with demand for more sustainable offices, means there&rsquo;s a growing urgency to get buildings up to spec. And with the clock ticking, waiting until they&rsquo;re empty is becoming less feasible.\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">However, while many building owners have reports full of net zero carbon recommendations, implementation is proving more challenging.\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">&ldquo;There&rsquo;s a big difference between easy wins, such as optimizing building management systems (BMS) or installing LED lighting and smart meters, and \u003Ca href=\"https:\u002F\u002Fwww.jll.co.uk\u002Fen\u002Ftrends-and-insights\u002Fresearch\u002Fretrofitting-buildings-to-be-future-fit?utm_source=google&amp;utm_medium=referral&amp;utm_campaign=em-uk-wd-pds&amp;utm_term=gri\">deeper retrofits\u003C\u002Fa> that are far more disruptive to occupants,&rdquo; says Katie Krelle, Head of Sustainable Asset Services. &ldquo;But it&rsquo;s possible to plan some fairly significant works on a phased basis, timing your interventions to minimize disruption through careful project management.&rdquo;\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\" style=\"text-align:center\">\u003Cimg alt=\"\" src=\"https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Ffiles\u002FAnyConv.com_In_Text_2024_9_27_17_22_14_1727457734.webp\" style=\"width:100%\" \u002F>\u003Cspan style=\"font-size:12px\">Overall investment activity in the European logistics sector rebounded in H1 (Credit: Prostock-studio&nbsp;| Adobe Stock)\u003C\u002Fspan>\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">\u003Cbr \u002F>\r\nFor those trades carrying out major improvements such as changing air handling units or getting rid of gas boilers, this means more anti-social hours are on the cards, as they work night shifts and weekends to avoid upsetting occupants.\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">Other measures include isolating one floor at a time, or where space permits, installing new plumbing or mechanical, and electrical plant alongside the old, before eventually switching across when the system is complete.&nbsp;\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">One project in London&rsquo;s Paddington aiming to comply with Minimum Energy Efficiency Standards, is using this approach to replace gas boilers with air source heat pumps. The result will shift the energy performance certificate from E to B.\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">Gonzalez is developing best practices, mapping NZC regulations, deadlines and lease expiry dates, against equipment life cycles, CapEx costs and bundled works for economies of scale.\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">&ldquo;It&rsquo;s important to bridge the gap, between audits and reality, between landlords, tenants and \u003Cstrong>\u003Ca href=\"https:\u002F\u002Fwww.jll.co.uk\u002Fen\u002Ftrends-and-insights\u002Finvestor\u002Fcan-real-estate-transition-funds-get-older-buildings-up-to-scratch?utm_source=google&amp;utm_medium=referral&amp;utm_campaign=em-uk-wd-pds&amp;utm_term=gri\" target=\"_blank\">funds\u003C\u002Fa>\u003C\u002Fstrong>, to create strategic but practical roadmaps. Today we demonstrate the short and long term \u003Cstrong>\u003Ca href=\"https:\u002F\u002Fwww.jll.co.uk\u002Fen\u002Ftrends-and-insights\u002Fresearch\u002Fthe-commercial-case-for-sustainable-buildings?utm_source=google&amp;utm_medium=referral&amp;utm_campaign=em-uk-wd-pds&amp;utm_term=gri\" target=\"_blank\">financial impact\u003C\u002Fa>\u003C\u002Fstrong> in terms of energy and carbon savings and how it translates into yield, return on investment and IRR,&rdquo; Gonzalez says.\u003C\u002Fp>\r\n\r\n\u003Ch3 dir=\"ltr\">\u003Cstrong>Getting tenants onboard\u003C\u002Fstrong>\u003C\u002Fh3>\r\n\r\n\u003Cp dir=\"ltr\">Occupiers are fast becoming a key driver for retrofit, says Krelle.\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">&ldquo;Occupiers have their own sustainability targets and are weighing up stay versus go,&rdquo; she says. &ldquo;Their understanding of what they need to achieve from their building to comply with their own science-based targets has definitely matured and this is informing lease negotiations.&rdquo;\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">Some tenants are already taking the lead by financing their own BMS or piloting artificial intelligence platforms like \u003Cstrong>\u003Ca href=\"https:\u002F\u002Fwww.jllt.com\u002Fhank\u002F\" target=\"_blank\">Hank\u003C\u002Fa>\u003C\u002Fstrong>.\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">Gonzalez says the biggest low cost, high gain measure landlords can take, is to inform, and communicate with their tenants from the get-go.\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">&ldquo;Explain how it benefits them, plus outline proposed options and timetables. Then listen to their needs and negotiate solutions that work for everyone,&rdquo; she says.\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">As yet there&rsquo;s no globally consistent NZC standard, but for Krelle, the most important thing is to get started. &ldquo;This issue isn&rsquo;t going away, so start talking to your tenants now and agree some easy wins to achieve energy and cost savings in the short term.&rdquo;\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">Despite the many challenges, Gonzalez is excited about how the ESG agenda is driving forward best practice in building retrofits.\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">&ldquo;We&rsquo;re figuring out how to do this better and more economically. It&rsquo;s making it easier for those that come after, but more importantly, it&rsquo;s helping protect the environment and make a difference to our planet,&rdquo; she says.\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">_\u003C\u002Fp>\r\n\r\n\u003Cp dir=\"ltr\">This article originally appeared on \u003Cstrong>\u003Ca href=\"https:\u002F\u002Fwww.jll.co.uk\u002Fen\u002Ftrends-and-insights\u002Fworkplace\u002Fwhy-more-office-retrofits-are-working-around-employees?utm_source=google&amp;utm_medium=referral&amp;utm_campaign=em-uk-wd-pds&amp;utm_term=gri\" target=\"_blank\">JLL.co.uk\u003C\u002Fa>\u003C\u002Fstrong>\u003C\u002Fp>\r\n","Article","real estate, investment, market, europe, future, net-zero carbon, sustainability, esg, decarbonisation, retrofit, refurbishment, redevelopment, green, tenants, landlord, offices, low-carbon, data, yield, ROI, energy efficiency, savings","JLL shares how landlords mindful of net-zero carbon benefits aren’t waiting for tenants to vacate spaces before undertaking significant retrofit projects","https:\u002F\u002Fcdn.griinstitute.org\u002Fuploads\u002Fhubnews\u002FSocial_2024_9_27_14_19_12_1727457552.jpg","2024-09-27T12:04:30.000Z","2024-10-04T15:53:29.000Z",{"code":13},{"id":25,"color":27,"translations":1473},[1474,1476,1478],{"title":26,"slug":30,"language":1475},{"code":13},{"title":37,"slug":38,"language":1477},{"code":18},{"title":33,"slug":34,"language":1479},{"code":23},[1481,1489],{"id":25,"label":1275,"translations":1482},[1483,1485,1487],{"label":1275,"slug":1286,"language":1484},{"code":13},{"label":1289,"slug":1290,"language":1486},{"code":18},{"label":1293,"slug":1294,"language":1488},{"code":23},{"id":65,"label":1231,"translations":1490},[1491,1493,1495],{"label":1231,"slug":1242,"language":1492},{"code":13},{"label":1245,"slug":1246,"language":1494},{"code":18},{"label":1249,"slug":1250,"language":1496},{"code":23},[1498,1501,1503,1505,1508,1511,1513],{"name":356,"enName":356,"ptName":1499,"iso2":1500},"Alemanha","DE",{"name":797,"enName":797,"ptName":797,"iso2":1502},"ES",{"name":336,"enName":336,"ptName":336,"iso2":1504},"FR",{"name":885,"enName":885,"ptName":1506,"iso2":1507},"Reino Unido","GB",{"name":452,"enName":452,"ptName":1509,"iso2":1510},"Itália","IT",{"name":685,"enName":685,"ptName":685,"iso2":1512},"PL",{"name":689,"enName":689,"ptName":689,"iso2":1514},"PT",[],{"en":1517},"\u002Freal-estate\u002Fwhy-more-office-retrofits-are-working-around-employees",[1519,1520,1521,1522,1523,1524],"Infra Brazil","Infra Latam","Real Estate Brazil","Real Estate Europe","Real Estate India","Real Estate Latam"]