Does your property need an Energy Performance Certificate?
From 1 October 2008, Energy Performance Certififates (EPCs) are mandatory for the sale, rent or construction of all non-domestic buildings.
Norwich Union suggests opting for a specialist supplier, such as Bureau Veritas. Mike Colmans, underwriting manager of Norwich Union's property owners segment, said: ''Without EPCs, property owners will be unable to sell a portfolio or sign up new tenants, which could of course result in loss of income. It is imperative that property owners prioritise their whole portfolio and commission surveys early for each site.''
'New certificates will have an impact on the property market in general as the seven band A-G grading, with category A being the most energy efficient and G being the
least, provides potential buyers and tenants alike with vital environmental data on a building.''Environmentally friendly organisations will certainly prefer occupying A or B-rated buildings. For those motivated more by price, greater transparency of the cost of future energy bills is likely to be reflected in the purchase and rental prices they are prepared to pay,'' said Colmans.
Colmans continues: ''The energy rating of a building is based on a combination of factors that involves extensive gathering of data, such as: floor plans and occupancy of particular areas within the property; type of construction of the building; heating, cooling, ventilation and hot water systems; and lighting. Therefore, it makes sense to employ experienced engineers to carry out preparatory work and help to anticipate the introduction of EPCs, since it involves complex calculations. Actual certificates will then be produced in time to avoid unnecessary disruption and prevent loss of income for the property owner, at a time where demand for such services is likely to be high.''
For further information please contact James Rooke, Practice Manager for Bureau Veritas Energy Services on
+ 44 (0)20 7902 6100 or click here to download our Energy Performance Certificates flyer.
* Norwich Union property owners can benefit from discounted services with preferred supplier, Bureau Veritas.
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