An office building from the 1990s: From the risk of stranding to taxonomy compliance.
An institutional property owner held an office building dating from the early 1990s. Energy consumption exceeded the CRREM target path, and signs of premature depreciation were becoming apparent. At the same time, the owner’s reporting requirements called for taxonomy certification, which the property did not meet in its current condition.
What Needed to Be Solved
Three requirements had to be met simultaneously. The energy path had to be brought in line with the CRREM target path to eliminate the risk of asset stranding. The measures had to be financially viable based on the current valuation and guaranteed leaseability. And the result had to be verifiable as taxonomy-compliant and supported by recognized certification.
How LIST Eco Proceeded
Three requirements had to be met simultaneously. The energy path had to be brought in line with the CRREM target path to eliminate the risk of asset stranding. The measures had to be financially viable based on the maintained valuation and assured leaseability. And the result had to be verifiable as taxonomy-compliant and supported by recognized certification.