As part of Mayfair’s management of their clients’ property portfolios, their respective net zero ambitions, and their desire to investigate the projected stranding of their individual assets, Greengage were commissioned to undertake a number of energy audits across two separate clients’ portfolios. The type of building ranged from warehouses to office buildings.
To complete this task, Greengage began by requesting a full year’s worth of energy (electricity and gas) data, in addition to any further information that could add to each asset’s carbon footprint including waste, water, and refrigerant data and any information on any existing LZCs. Furthermore, we also visited each site to examine their servicing strategies, operation, and the potential feasible improvements.
From the data provided, Greengage were able to calculate the energy consumption across a range of end-uses and provide a subsequent list of bespoke recommendations to reduce each site’s overall impact, including the carbon impact of each recommendation, the approximate capital cost, and the expected payback period.
Using the CRREM (Carbon Risk Real Estate Monitor) Tool, we were able to provide the clients with a projected stranding date of each asset and the revised projected stranding date following the implementation of the bespoke recommendations outlined within each report and how this aligns with the UK decarbonisation pathway. As such, their clients were able to make well informed decisions regarding the future ownership of each asset and which improvements to implement in order to prevent them from losing value or costing too much to operate.