The Low Carbon Workplace is a property development partnership between sustainability experts the Carbon Trust, fund manager Columbia Threadneedle Investments and property developer Stanhope. Through the Low Carbon Workplace Fund, the partnership acquires commercial office buildings and refurbishes them into modern, energy efficient workplaces. Occupiers receive ongoing support from the Carbon Trust, helping them to minimise their energy costs and carbon emissions
The Low Carbon Workplace concept was developed by the Carbon Trust to break the ‘circle of inertia’ that has prevented many cost effective carbon reduction opportunities in non-domestic buildings from being realised. Frustrated by the lack of progress being made by the sector, the Carbon Trust decided that the best way to catalyse change was to prove the commercial model for low carbon property development itself. Ultimate success for the Low Carbon Workplace is to make low carbon property development the industry norm.
Bruno Gardner, Managing Director of Low Carbon Workplace at The Carbon Trust said: "The Low Carbon Workplace Partnership is proof that high quality low carbon property refurbishments offer a compelling investment case. Lower energy costs mean properties are resistant to functional and environmental obsolescence. The low supply of low carbon properties means they benefit from better security and quality of income, greater potential for capital gains and shorter void periods. Together with the strong risk-adjusted returns we have generated, this is good news for investors, who also benefit from knowing that they are contributing to a sustainable future.”
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