Real Estate

10% London offices at risk of becoming obsolete under new energy rules

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A view of the City of London on a clear day.

Vuk Valcic | SOPA Images | LightRocket via Getty Images

LONDON — About 10% of London offices could soon become unusable when new rules on energy efficiency are implemented, according to analysis from a leading real estate company.

Under the new standards, set to be introduced in 2023, buildings in England and Wales with an energy efficiency rating lower than ‘E’ will not be able to close new leasing’s. The upcoming measures come as part of broader government efforts toward carbon neutrality. The lowest energy efficiency rating is set at ‘G,’ the least efficient, to ‘A,’ the most efficient.

In this context, analysis published last week by…



Source cnbc.com

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