Thousands of London offices ‘risk obsolescence’ under new energy efficiency rules

Olivia Rudgard / Bloomberg

May 12

The UK government has said that building owners in the country will need to meet tougher standards for energy efficiency in order to be able to lease commercial properties. (May 12): Large swathes of ...

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(May 12): Large swathes of ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/global-economy/thousands-london-offices-risk-obsolescence-under-new-energy-efficiency-rules?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Thousands of London offices ‘risk obsolescence’ under new energy efficiency rules</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThousands of London offices ‘risk obsolescence’ under new energy efficiency rules\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-12 15:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/global-economy/thousands-london-offices-risk-obsolescence-under-new-energy-efficiency-rules?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Olivia Rudgard / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The UK government has said that building owners in the country will need to meet tougher standards for energy efficiency in order to be able to lease commercial properties. (May 12): Large swathes of ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/global-economy/thousands-london-offices-risk-obsolescence-under-new-energy-efficiency-rules?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4183","symbol_name":"个人用品","start_time":0,"source_url":"https://www.theedgesingapore.com/news/global-economy/thousands-london-offices-risk-obsolescence-under-new-energy-efficiency-rules?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2635273179","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/global-economy/thousands-london-offices-risk-obsolescence-under-new-energy-efficiency-rules?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2635273179","pubTimestamp":1778570689,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The UK government has said that building owners in the country will need to meet tougher standards for energy efficiency in order to be able to lease commercial properties. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4183":"个人用品","EPC":"Edgewell Personal Care Co"},"translate_title":"根据新的能源效率规则，数千个伦敦办事处面临“过时的风险”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EPC":1},"content_text":"The UK government has said that building owners in the country will need to meet tougher standards for energy efficiency in order to be able to lease commercial properties. (May 12): Large swathes of London’s office property risk becoming stranded assets as landlords run out of time to embark on upgrades needed to meet new energy efficiency standards.\nThat’s according to Robert Irving Burns, a property consultant, which says its analysis of government data shows that 78% of offices in Westminster and 71% in the City of London “will fail” to meet Minimum Energy Efficiency Standards (MEES) expected to take effect in the early 2030s.\n“Not only will achieving compliance require enormous capital expenditure across the board, but current market capacity — with labor shortages and financing constraints — will make achieving the early 2030s deadline virtually impossible,” Antony Antoniou, chief executive of RIB, said in a statement on Tuesday.\nThe UK government has said that building owners in the country will need to meet tougher standards for energy efficiency in order to be able to lease commercial properties. That will likely mean having an Energy Performance Certificate (EPC) rating no lower than “B” by the early 2030s.\nLandlords will struggle in the new regulatory environment given the “huge scope” of the challenges ahead, RIB said. In all, more than 12,000 offices across central London currently require “significant” upgrades to comply with the new regulations, it estimates. In Westminster alone, more than three-quarters of offices “risk obsolescence,” RIB warned.\nThe EPC deadline is being viewed by some investors as an opportunity to buy commercial real estate at a discount, invest in green refurbishments and sell or lease the upgraded property at a premium. Firms engaging in such deals include Blackstone Inc, Brookfield Asset Management Ltd and Henderson Park Capital Partners, Bloomberg reported in February.\nThe highest EPC rating of “A” is held by just 4% of office properties in the City of London, according to RIB. The lack of prime real estate with high EPC scores is already forcing potential tenants to delay plans to move into London offices, RIB said.\nThe upshot is that the UK capital faces a future with a two-tier office market, as large numbers of landlords fail to meet the looming EPC deadline, according to RIB.\n“As demand increasingly concentrates on high-performing, energy-efficient buildings, the market is becoming more polarised,” it said. “Assets with strong sustainability credentials are commanding premium rents and values, while older, non-compliant stock are generating significantly lower rents and seeing longer void periods.”\nUploaded by Magessan Varatharaja","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}