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Green Goals – Real Estate

The real estate sector is currently responsible for around 40% of global annual CO2 emissions and 40% of natural resource use. This means that efforts to tackle climate change must focus on both the design and construction methods for new buildings but also more sustainable long-term solutions for existing properties.

Our real estate department assists the public, private and third sectors with the management and development of their estates portfolios in ways that balance economic and social imperatives against environmentally friendly objectives to support the Green Industrial Revolution.

While environmental initiatives in the built environment were originally considered a ‘nice to have’, these are now ‘must haves’ and becoming increasingly financially viable. This means that the public sector can play a leading role in the Net Zero strategy by incorporating green strategies across its property portfolio.

Our real estate department has significant experience assisting clients with the development of new major EV charging schemes affecting highways, as well as implementation of discrete EV charging points within existing developments. We have also seen an increase in ‘smart building’ technologies with more opportunities to increase energy efficiency and decrease building operating costs, and we are here to assist with incorporating ‘green’ provisions within leases to ensure that both landlord and tenant is managing and/or occupying a site in a sustainable manner. It is becoming more frequent for occupiers to utilise green financing, and funding requirements include a building meeting the grade under a sustainability ratings scheme. Our team is here to assist with advising on BREEAM, MEES and other design criteria that funders will be considering in connection with KPIs under green loans.

Public-private partnerships (PPPs) have long played a central, if controversial, role in UK infrastructure delivery. For over twenty years, models like the Private Finance Initiative (PFI) and its successor, PF2, underpinned investments across schools, hospitals, justice buildings and transport networks. Yet by the end of the 2010s, these models were widely discredited. Concerns over inflexibility,…

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The UK’s new heat network zoning framework (the outlines for which were drawn by the Energy Act 2023) is set to redefine how low‑carbon heating is delivered by creating geographic zones, where district heat networks are the mandated, optimal solution. It’s an enticing proposition: guaranteed customer bases in each zone, ripe for financing and scaling….

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Is it Time for Public Sector Major Infrastructure Debt Guarantor? Ofwat, Government and Industry have identified that the UK’s water sector urgently needs substantial investment to modernise ageing infrastructure, tackle critical environmental issues, and comply with increasingly stringent regulations. The capital requirement could be as much as £12 billion per year. Recent high-profile incidents of…

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