Green Shoots of Sustainable Recovery?
The global corona virus pandemic is inevitably creating gloomy reading in the property and construction sector around the world as construction projects are stalled and the industry faces an uncertain future.
However a recent report “The Impact of Sustainability on Value” published by property consultants JLL says that green offices are set to return as a promising commercial construction market, specifically in central London, when companies start asking staff to return to work.
It shows that ‘sustainable office buildings’ which help firms meet their carbon targets are proving to be attractive to investors thanks to their higher rents and strong leasing ability.
Good examples of this include the £40 million Tower Bridge Court, a major redevelopment and extension scheme designed to achieve a BREEAM Excellent rating, with work on this scheme due to start this summer and expected to continue for 23 months.
The redevelopment of an existing building will create enhanced office accommodation and the introduction of complementary commercial uses. The multi-use nature of the proposed building responds to the high demand for office space of varying sizes in the area adjoining London’s iconic Tower Bridge. The site is very visible and strategically important, and any new building needs to be of very high architectural quality in order to enhance the setting of the conservation area. The new development will have an estimated GIFA of circa 14,168 m2, while the office section alone will have an estimated GIFA of circa 11,375m2.
ADW Developments have provided specialist consultancy to help achieve the development’s BREEAM rating. ADW provided services including:
- Wst 05 Adaptation to climate change – a climate change adaptation study, identifying options for reducing the impact of climate change over the lifetime of the building.
- Hea 06 Security – using a suitably qualified security consultant to provide a security needs assessment and recommendations to enhance the level of security to the building and site.
- Wst 01 Pre-demolition audit – using experts in resource management to identify and quantify the parts of the existing structure that can be reused or recycled and engaging with contractors to maximise reuse and recycling opportunities.
- Man 02 Life cycle costing – providing a model which forecasts the life cycle cost of the whole building and appraises alternative design options and component specifications to demonstrate lowest life cycle cost and value for money.
- Mat 01 Life cycle impacts – delivering an IMPACT compliant life cycle assessment to comparing the Global Warming Potential (GWP) of the building as the design develops and suggesting alternatives that can reduce embodied carbon.
“As the property sector recovers from the global pandemic, we believe there will be an ever greater need for better design and construction of buildings to improve the health and wellness of building occupants. We want sustainable, resilient and effective buildings that create healthy, safe working environments and are cost effective to build and operate.” says Anthony Waterman, Managing Director of ADW Developments.
“It is important for the sector to adopt a holistic approach to sustainability and taking a life cycle approach to the issue is key. We have a good understanding of the potential impacts of climate change, as well as an increasingly powerful set of tools to measure embodied carbon and design strategies to reduce carbon footprint.”
ADW are working on numerous office and other commercial building developers where high sustainability and resilience are important considerations for the investor or eventual occupier.
More on ADWs services to help achieve BREEAM and other sustainability ratings can be found here.