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Bristol is well known for its ‘green’ initiatives and forward thinking when it comes to looking after the environment. The city has always put an emphasis on the importance of investment into transport and energy. By 2015, a budget of €500m was established for improving transport by 2015, and up to €300m was allocated to developing energy efficiency and renewable energy by 2020 (this includes a confirmed €100m ELENA investment in renewable energy).
Despite its growing economy, carbon emissions have consistently reduced in Bristol since 2005; subsequently, the city was awarded the European Green Capital award in 2015.
Since then, Bristol has continued to focus on improving its environmental impact, and developer Cubex has achieved the first BREEAM Outstanding rating for office buildings outside of London, and is one of just six offices to obtain the rating across the UK. The 95,000 sq ft building, Aurora, is located on Finzels Reach, and contains solar panels, water saving technology, a heat recovery system, electric car parking, bike racks, and intelligent lighting. In fact, the BREEAM assessors were involved in the design of the building, in order to ensure the highest quality results.
Eugene O’Sullivan, Surveyor and Director at Morgan Pryce, says: “This will become normal in years to come. However, the issue of sustainable commercial building is a complicated one, and market forces are yet to respond with increased rental and capital value for developers and landlords who provide the sustainable stock.”
This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.