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Wednesday, February 06, 2024

Ryden launches commercial EPC service

Property consultant Ryden has launched a new service after identifying a lack of assessors that can provide energy performance certificates (EPCs) for existing commercial buildings. It is thought that the firm is the first multi-disciplined advisor to offer the service in Scotland.

The service is aimed at landlords who must meet their obligations under new EU legislation on energy performance, especially those looking to sell their property assets. From 4th January 2009, large public buildings must display a certificate or face a fine. Certificates will also need to be produced before many commercial property transactions can conclude.

Edinburgh-based associate Alison Baker is leading a project to roll out the service in each of Ryden's six UK offices. She said: "We are pleased to be able to offer this service to the market at such an early stage. We have fully trained staff north of the border and are working to gain accreditation in England." She added: "Although there is a year before the regulations start in Scotland, the lack of assessors in the marketplace will mean that clients who use their initiative and get EPCs early will be better placed to take advantage of favourable market peaks."

EPC assessments consider detailed information on each property meaning large property portfolios will be most affected by the sheer volume of work needed to help their properties comply, and to obtain necessary flexibility to sell in an increasingly demanding market.

Ryden is in early discussions with a number of companies to provide EPC assessments including one major European investment and development group.