UK real estate investment manager Prupim has announced that it will be obtaining Energy Performance Certificates (EPCs) for its entire property portfolio. EPCs rate the energy performance of buildings, enabling prospective investors and occupiers to consider energy-efficiency ratings and carbon emission levels.
UK real estate investment manager Prupim has announced that it will be obtaining Energy Performance Certificates (EPCs) for its entire property portfolio. EPCs rate the energy performance of buildings, enabling prospective investors and occupiers to consider energy-efficiency ratings and carbon emission levels.
Under the EU’s Energy Performance of Buildings Directive, EPCs will be mandatory for any building that is constructed, sold, or rented from April next year. A report will also accompany EPCs that will recommend measures to further improve the building’s energy efficiency and that will describe any existing air conditioning systems, which are key contributors of carbon emissions.
Prupim has contracted UK commercial insurer Royal & Sun Alliance to provide the EPCs, and Charterhouse Energy, their strategic energy partner, will deliver them. Together they will be providing Prupim with a guaranteed level of support for all commercial property sales, acquisitions and lettings. Prupim’s announcement of what they say is an industry first follows their launch in April this year of the ‘Improver Portfolio’ of commercial properties geared to provide both competitive returns and reduced environmental impacts.