Commercial Property

Drive to boost office energy efficiency leads to upgrade over demolition

Environmentally sustainable buildings have an increasingly competitive edge when it comes to attracting tenants

15 George's Quay: Iput is redeveloping the building into a 6,531 square metre seven-storey office structure which will retain the existing structure and increase the size of the building by 40 per cent by adding two floors

Pressure to improve the energy efficiency of office buildings has increased following last year’s upsurge in energy costs, but may not lead to the demolition of as many older office blocks as some had feared.

Aidan Gavin, managing director, Cushman & Wakefield, said that as many as 82 per cent of office occupiers are looking for buildings of at least B1 BER rating. Consequently, he reported that in the second half of 2022 those best-in-class ...