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ARTICLE · 17 DECEMBER 2019

Minimum Energy Efficiency Standards - Time To Rethink Your Strategy?

Gowling WLG
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An increasing number of developers, investors and occupiers are putting sustainability at the heart of their business plans and real estate strategies.

United KingdomReal Estate and Construction

An increasing number of developers, investors and occupiers are putting sustainability at the heart of their business plans and real estate strategies. Earlier this year, Theresa May's Government introduced a legal obligation to bring carbon emissions to "net zero" across the United Kingdom by 2050; and businesses across all industries are considering how this affects them, and crucially whether there is competitive advantage in moving early and substantially sooner than 2050.

For the past few years, a key component of Government's drive towards increasing the environmental performance of real estate has been the Minimum Energy Efficiency Standards (MEES). Just when commercial landlords and tenants had started to develop a strategy to deal with MEES, the goalposts are about to be moved. This will require a re-think in strategy for both landlords and tenants, and probably greater collaboration between them going forwards.

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