So-called green leases are catching on fast in the commercial
property world, according to a leading lawyer.
David Brammer, an associate in the real estate and planning team
at the Birmingham office of DLA Piper, said it was in part a
response to Government pressure for reform.
His comments came ahead of a breakfast seminar on
Sustainability, the Supply Chain and the Role of Green Leases
taking place at the firm's offices at Victoria Square House,
Birmingham, on November 24.
It is part of a series put on in association with project and
cost management consultancy Faithful+Gould, which aim to provide a
clear and practical overview of key legislation driving low carbon
and environmental sustainability in the property sector.
Speakers will include Teresa Hitchcock of DLA Piper and Ellie
Horwitch-Smith of Faithful+Gould.
A green lease requires both landlords and tenants to meet
targets relating to environmental issues such as energy, water and
waste management.
"This seminar aims to investigate the potential use of green
leases to allocate recycled payments under the new Carbon Reduction
Commitment and agree repairs and alterations which affect building
energy performance," said Mr Brammer. "We will also discuss the
types of arrangements that can be made to manage contract issues
and negotiations.
"Focusing on the supply chain, we will examine the
implementation of sustainability into all stages of the procurement
process, and illustrate how responsibility might be allocated and
the supply chain incentivised."