14 July 2022

Nine-month warning: Are you ready for looming climate rules?

Commercial Real Estate Senior Associate, Edward Glass, speaks to PlaceTech about what exactly landlords need to know about Minimum Energy Efficiency Standards (MEES) and how they can prepare for the April 2023 “crunch point” as a ban on continuing to let commercial buildings with poor energy ratings comes into effect.

Current MEES regulations prevent landlord from granting new leases for commercial real estate (CRE) spaces with an EPC rating below E. Next April, however, this ban will extend to existing leases (and by 2030, the ban is expected to extend to all properties with an EPC rating of below B; currently thought to be 85% of the UK’s CRE space).

Exemptions aside, there will be penalties for non-compliance – monetary and reputational – which inevitably has landlords worried.

As this “crunch point” approaches, and legislative thresholds are set to ramp up, Glass’s key advice for landlords is a must read.

You can read the article in full here, on the PlaceTech website.

Ed is a Senior Associate in the Commercial Real Estate team, with a specialism in ESG matters.

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