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Montagu Evans Presents…RetroFix
HELPING YOU SOLVE OFFICE OBSOLESCENCE
The office market is changing fast. Economic, social, technological and environmental pressures are putting the value of many offices under pressure and driving them towards obsolescence. From the ongoing changes in minimum energy efficiency standards (MEES) and EPC requirements, the drive to net zero carbon, as well as tenants demanding the best amenities, connectivity and technology to attract staff back to the workplace.
Almost all offices will need to align with MEES, and for many, compliance will be costly and disruptive to achieve with tight timescales: just 4 years to get to C and 6 years to get to B. EPC ratings are becoming a major consideration in valuation, acquisition and disposal decisions. Owners need to proactively plan for the future of their offices, addressing issues either through retrofit or redevelopment.
OUR ADVICE CAN MAP OUT AND IMPLEMENT A BUSINESS PLAN FOR MAXIMISING AND THEN REALISING VALUE THROUGH TARGETED RETROFIT OR ALTERNATELY PLANNING AND DEVELOPMENT CONSULTANCY, FOLLOWED BY AN EXIT. Simon Rogers, Partner
WHOLE LIFE CARBON
Where redevelopment is most viable, parties must now also address whole-life carbon. To help address the climate change challenges, we need to reduce emissions over the whole lifespan of a building, and generally, retrofit produces fewer overall emissions than redevelopment. Consequently, investors, planning authorities, campaigners and the public are increasingly questioning new development and redevelopment. Our experience will help you grasp opportunities during this period of change.
WHAT IS RETROFIX?
RetroFix is designed to help our clients navigate the rapidly evolving landscape of the office market, helping them manage obsolescence with finesse. As economic, social, technological, and environmental factors reshape the dynamics of office spaces, RetroFix offers a strategic response to these challenges.
OUR SOLUTION … A THREE-STEP PROCESS
With RetroFix, we are able to map out and implement a business plan that maximises and realises value through pragmatic retrofit or market-led development and planning advice. Our three-step process, as mapped out below, follows filter, review and implementation stages. See below and get in touch for more information.
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