Logistics provider P3 has embarked on a search for new building techniques in an effort to shorten construction times of its new warehouses, CEO Ian Worboys told PropertyEU.
Logistics provider P3 has embarked on a search for new building techniques in an effort to shorten construction times of its new warehouses, CEO Ian Worboys told PropertyEU.
A fast-track process would translate into a shorter construction period than the normal six months that is common for a standard 20,000 m2 warehouse and generate a significant premium, he said. ‘Normally customers would pay a 5% premium if we build a facility really fast.'
But although timely delivery is an important consideration, it is not the only one, Worboys noted. ‘There’s a cost implication for fast construction and our customers and tenants don’t always need to receive a facility in the shortest possible time. On the whole our customers are more interested in reducing their operating costs during the lifecycle of their operation. On that front a saving of 10% can really make a difference. It’s about finding the right balance.’
In that context, energy consumption is a key area where savings can be generated, Worboys said. ‘Energy prices are cheaper now, but the question is for how long?’
One way of reducing energy costs is by using ‘smarter’ components, Worboys said. ‘By using thicker insulation you can reduce the amount of heat lost. We use LED lighting where we can fit it which generates a very simple payback. Low-flush toilets already help to reduce water usage on a household scale, imagine using it on an industrial scale. The savings are even greater.’
