PL

Europe Offices and logistics most shielded from energy shocks

Property and Facility Management
According to Savills latest research, European offices and logistics are the two commercial real estate sectors most shielded from energy shocks as utility costs account for a relatively small share of total business spending.

The international real estate advisor estimates that the share of energy costs reflects 2 to 4 pct. of the total expenses for occupiers in the two sectors. Staffing is responsible for more than 50 pct. of the total costs for office occupiers and the combined outlays for transport and labour accounts for more than 75 pct. of the total costs for warehouse occupiers. Retailers generally consume larger amounts of energy and are not always able to pass the costs on to customers while data centres and the life science industry are heavily reliant on energy. However, power usage effectiveness (PUE) in data centres is continuously improving and current operators are exploring more alternative and greener sources of energy supply such as on-site hydrogen fuel cells which could also be introduced to the life science sector.

Commercial real estate is significantly exposed to the impact of the energy crisis and faces multiple challenges in the near future to secure reliable, affordable and ‘clean and green’ energy. Both landlords and occupiers can and must address these challenges together, by investing in energy-efficient interventions, driving improvements to both building fabric and energy consuming systems to reduce energy consumption and lower costs over the long term.
Dan Jestico, Director, Savills Earth

Savills believes that retailers could consider other (smaller) solutions such as lowering temperatures in their shops, turning off the lights outside opening hours and/or closing their doors. Research from Cambridge University shows that shutting shop doors in winter reduces energy usage and carbon emissions by up to 50 pct.

With energy costs on the rise, improving energy efficiency in buildings is likely to be an absolute priority for almost everyone in the months ahead. In addition, new ESG reporting guidelines require companies to take immediate action on energy management in commercial buildings. New technology solutions such as Climate Tech are extremely useful in this, but it is important to begin with absolute basics during the project design stage such as building insulation and leakproofness, reducing energy requirements, contracting green energy to reduce carbon emissions and using renewable energy sources wherever possible. In addition to savings and lower carbon emissions, another important measure is sustainable management of other resources, including scarce resources such as water, through recycling.
Katarzyna Chwalbińska-Kusek, Head of ESG and Sustainability, Savills

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schedule 08 December 2023
Opr./edited by ANZ

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schedule 07 December 2023
Opr./edited by NN

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schedule 07 December 2023
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schedule 07 December 2023
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schedule 07 December 2023
Opr./edited by JC

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schedule 07 December 2023
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schedule 07 December 2023
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schedule 07 December 2023
Opr./edited by ANZ

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schedule 06 December 2023
Opr./edited by ANZ

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schedule 06 December 2023
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schedule 06 December 2023
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schedule 05 December 2023
Opr./edited by JC

Energy sector services and supplies group Eximprod is relocating its Bucharest office to the Equilibrium 2 building in the same city.

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schedule 05 December 2023
Opr./edited by JC

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schedule 05 December 2023
Opr./edited by JC

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schedule 04 December 2023
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schedule 04 December 2023
Opr./edited by ANZ

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schedule 04 December 2023
Opr./edited by ANZ

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schedule 04 December 2023
Opr./edited by JC

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schedule 04 December 2023
Opr./edited by ANZ

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schedule 04 December 2023
Opr./edited by JC

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Latest in Property and Facility Management

schedule 13 September 2023

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Savills is to manage Okam's F.S.O Park development in Warsaw's Żerań district, covering the operation of the existing warehouse and office space.

schedule 24 July 2023

Tattersall Lorenz chosen by Schroder

Tattersall Lorenz has been appointed property manager of Schroder portfolio with a lettable area of over 230,000 sqm. The firm will also provide support for letting management and an ESG service contract for the properties.

schedule 02 May 2023

Offices and logistics most shielded from energy shocks

According to Savills latest research, European offices and logistics are the two commercial real estate sectors most shielded from energy shocks as utility costs account for a relatively small share of total business spending.

schedule 15 March 2023

Tattersall Lorenz to manage the Sony Center

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schedule 02 March 2023

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schedule 15 February 2023

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schedule 13 February 2023

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schedule 03 February 2023

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schedule 30 January 2023

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schedule 08 December 2022

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schedule 07 December 2022

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schedule 31 October 2022

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schedule 05 October 2022

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schedule 04 October 2022

Savills acquires Knight Frank's PM business

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schedule 12 August 2022

CPI to manage Immofinanz portfolio

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schedule 03 August 2022

Savills to manage Widok Towers

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schedule 25 July 2022

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schedule 30 June 2022

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schedule 21 June 2022

MVGM takes on Nowy Rynek building D

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Edition 11 (283) November 2023

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