Tomorrow’s buildings have already been built – but they need an upgrade! Preferably right away, because climate protection and social trends are changing the requirements for buildings.
All buildings require regular upgrade of both technical and energy-related systems. This is the only way to preserve the value of your properties. And now is the time to go one step further – with Sustainable Refurbishment!
Because only those who refurbish sustainably will make their established properties fit for the future. Stricter climate protection regulations and new user needs already require property owners, tenants and operators to act with foresight.
85% of buildings in the EU are over 20 years old
30% of energy emissions are caused by buildings
80% of energy requirements can be saved through professional refurbishment and the use of modern building services equipment
Only 1% of EU building stock is renovated to improve energy efficiency each year
"Tell me what you’re experiencing, and I'll tell you the state of your buildings.” Of course, it’s not quite that simple, but social developments and personal experience have an impact on behavior – and on what people expect from buildings. Two trends are of particular importance for established buildings: Climate protection and cultural change.
- The EU aims to make its building stock climate-neutral by 2050. Building renovation is a key initiative of the European Green Deal and has the aim of making the construction and real estate sector more energy efficient.
- People are changing – and so are our buildings. New generations have different needs for housing, consumption, travel and work. These influence the demand for established buildings, added to this is the experience of the coronavirus pandemic.
There are four key topics that anyone intending to undertake sustainable refurbishment must address: Digitization, New Work, Climate Efficiency, and ESG (Environmental, Social, and Corporate Governance).
The future belongs to smart buildings. They increase amenity for users and safeguard returns for investors, owners and operators. Digital technologies form the basis for new data-based services. They also promote climate protection – for example, by managing heating and hot water more efficiently. Digital retrofitting of established buildings pays off. And one thing that owners and operators certainly need is a cybersecurity strategy: That’s the only way that they ensure safe and secure operation of their buildings.
Established buildings have a reputation for being energy guzzlers. This can be changed with the help of a comprehensive energy efficiency upgrade. The building envelope the building systems inside and the surrounding infrastructure all need upgrading. Better thermal insulation and renewable energy sources are two essential levers in this context. Building materials also play a decisive role: It is not enough to recycle some of the materials. Rather, principals should opt for fully recyclable materials when upgrading established buildings.
Since the start of the coronavirus pandemic, many people have spent an increasing amount of time at home. The trend towards mobile working is redefining requirements for office buildings and residential properties. Even at times when there is no lockdown, large companies are offering their employees the option of mobile, location-independent working. This new way of working reduces the amount of office space required. At the same time, the quality demands made of retained office space are increasing. They need to be state of the art and promote hybrid working and in-office collaboration. This requires employers to develop new office concepts.
The criteria for environmentally and socially responsible corporate governance are increasingly influencing the behavior of economic actors. Although concrete specifications and benchmarks are still missing in some cases, the requirement for organizations to make their behavior transparent is generating pressure. In future, only ESG-compliant properties will maintain or increase their value. For owners of established buildings, it is equally important to invest in climate-friendly technology and materials. The sustainable refurbishment of established properties is particularly attractive for investors from an ESG point of view. And an ESG strategy is certainly required.
Unrenovated properties dating back to the 60s, 70s or 80s already pose huge problems for portfolio holders. Their structural and physical properties lead to high energy consumption and operating costs, making them less attractive for leasing. And often, the design of space no longer meets user requirements. The transparency required by ESG (Environmental, Social, and Corporate Governance) criteria is prompting investors to rethink their investments. Investing in sustainable refurbishment also opens up opportunities for additional sources of income, for example through digital business models.
We provide portfolio holders with comprehensive and independent advice on courses of action – and this results in sound solutions that are fit for the future.
Buildings are major cost items for companies. Unrenovated buildings, in particular, are often energy guzzlers. Sustainable refurbishment harmonizes company-specific requirements with economic aspects. Which renovation measures make economic sense? How can carbon emissions be reduced and energy costs cut? What are the benefits of digital technologies? Companies whose core business is not real estate have a particularly high need for consulting services. And we meet this need. We offer owner-occupiers technical and economic know-how from a single source.
Whether their lease involves office, retail, food & beverage or hotel space, all tenants want to maximize the added value. And we help our customers achieve this by supporting the fitout of their space – from the start of the project, design and planning through to implementation. We also assist operators and tenants with General Construction Management services and our industry expertise. And in the case of office space, we bring tenants and landlords together.
Renovate, modernize, revitalize: There’s no one-size-fits-all solution to making buildings fit for the future. Every sector has different challenges. But we are familiar with them all and our experts can offer you sector-specific refurbishment solutions! Do you want to bring a production building into line with current regulations? Renovate a residential building to make it energy-efficient? Or develop a strategy for an aging shopping center? What challenge do you face?
The buildings of the future are already standing: Our experts can help you ensure that you make the very best of your established buildings. They will be involved in your refurbishment project from the outset, run through various scenarios with you, and even implement them for you – as part of a complete package with project management, planning and construction management, if you wish. We combine an eye for the big picture with expertise that considers everything down to the smallest detail.
Methods and tools such as Lean Construction Management and Building Information Modeling provide transparency and reduce risks. And modular construction allows even complex projects to be implemented economically. Consulting, Planning, Construction and Operation – our role is to do exactly what the customer and the project require.