Industrial & Logistics - it's More Than Materials and Energy

Posted by Colliers on 31st October 2022 -

There is also now a big strive to achieve certain ESG credentials as part of any new industrial and logistics scheme.

This is not only becoming a more important part of the search criteria by occupiers, but also the attractiveness from investors for any onward sale.

As a result, we have experienced a huge swing in the market in the past 24 months, where there is now genuine appetite from developers to factor this into their new build schemes to ensure they have a “best in class” product.

Depending on the size of the scheme, developers will still need to strike a balance between green credentials to future proof the building but mindful not to go too overboard, whereby the capital expenditure is not repaid within the letting or onward investment sale.

As a minimum, we recommend that developers consider factoring the following aspects into the specification:

• Electric Vehicle charging for domestic vehicles, and ducting incorporated for future charging points
• Solar panels
• Green/landscaped areas, outdoor seating
• Cladding U-Values
• LED and lighting sensors
• Cycle shelters and wider cycle pavements
• Targeting BREEAM Excellent rating
• Targeting A EPC rating
• Contractors to have a sustainability or environmental policy
• Preference for contractors to be part of Considerate Constructors Scheme
• Reduce development embodied carbon through material selection
• Minimise construction impact and manage waste generation

Whilst there is an appetite for change, it still needs to be justified by a return on your investment.

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