Thousands of London Offices ‘Risk Obsolescence’ Under New Energy Efficiency Rules
The highest EPC rating of “A” is held by just 4% of office properties in the City of London, according to RIB.
Photographer: Julian Finney/Getty ImagesLarge swathes of London’s office property risk becoming stranded assets as landlords run out of time to embark on upgrades needed to meet new energy efficiency standards.
That’s according to Robert Irving Burns, a property consultant, which says its analysis of government data shows that 78% of offices in Westminster and 71% in the City of London “will fail” to meet Minimum Energy Efficiency Standards (MEES) expected to take effect in the early 2030s.