The UK Government has a clear policy objective of reducing UK carbon emissions by 2020, which has resulted in the commercial property market becoming the target of several pieces of recent legislation.

The introduction of Energy Performance Certificates (EPCs) in April 2008, when selling, renting or constructing commercial buildings, is just one element of the Governments carbon reduction strategy. EPCs should inform potential buyers and tenants of the energy efficiency of the building, so it may be considered as part of the transaction. It is envisaged that over time, the energy performance of buildings will influence rental values and consequently the overall asset value, ensuring that energy performance becomes a significant factor in the design and maintenance of commercial property.

RPS is already undertaking EPCs for a number of FTSE listed property companies and assisting other property professionals on how to manage their requirements, to ensure the liquidity of their property is maintained.

It is a requirement of the scheme, that formally accredited EPC assessors undertake inspections. In view of the timing of the assessor approval process, it is likely that assessors will remain scarce in the short to medium term. This could result in some difficulties in obtaining a certificate at short notice and consequently many property owners are ensuring that their EPC status is resolved now.

For further information and advice about the Energy Performance Certificate process and timetable for roll-out to all property types, or if you would like to commission an assessment by our team of qualified RPS Assessors, please use the contact details below.

For more information please contact:
RPS London (Park Street) – HSED
T: 08000 85 83 84
E: rpslo@rpsgroup.com