Grosvenor’ Holbein Place, The Crown Estate’s New Zealand House and Topland’s 150 Aldersgate Street, are just a few leading examples, ensuring buildings are being bought back to life with the future in mind and with sustainability at the forefront. The trend has been spurred by increasing market demand for best-in-class office space with strong ESG credentials.
In some cases, though, instead of celebrating the success and innovation, it has resulted in a move towards a retrofit only (sometimes badged as retrofit first) approach to buildings that are not fit for purpose. As we stand at the crossroads of refurbishing, retrofitting, and rebuilding, it becomes essential to explore the challenges and opportunities that a retrofit-focussed approach presents.
Download the briefing note where we consider the principles of building obsolescence and depreciation, discuss the surge in retrofit demand, ask if retrofitting always works and explore new opportunities.
Tailored policies, net zero goals, and evolving market demands will shape the future. We need to ensure innovative and pragmatic responses to keep pace with the times. While retrofitting is not a one-size-fits-all solution, its thoughtful application can significantly impact the commercial real estate sector’s sustainability and functionality.
If you have any questions on any of the topics in this briefing note, and how they might impact your future plans, please speak to one of the team.
