EPC’s Explained
EPC stands for Energy Performance Certificate; a mandatory requirement under the European Union Energy Performance of Building Directive for any commercial building intended for sale or lease.
EPC’s can only be awarded from a registered commercial assessor and are graded A – G depending on the energy efficiency of the building in question.
A First Industrial building is designed to achieve an ‘A’ rating as standard. This offers a significant annual saving in energy consumption for the life cycle of the building and guarantees it will be over 40% more efficient than a building conforming to standard Building Regulations only.
…given the future market trends it is probable that buildings will be taxed differently dependant on their EPC rating – indeed we have already seen a tendancy for investment purchases to price the adjustment into their capital values.
Christopher Gardner, Financial Director, First Industrial Developments Ltd