Reimagine the potential
Renovation rather than building new is key to decarbonising the construction sector.
The Renovation Assessment Guide helps property owners and investors evaluate the business case for renovation and provides insights on mitigating risks and maximising rewards.
Why renovate rather than build new?
The built environment is responsible for 40% of global C02 emissions, 33% of global waste, and nearly 50% of all extracted materials.
Prioritising renovation and transformation over building new plays a vital role in decarbonising the construction sector and its gaining momentum. Renovation usually requires less materials than new build and is therefore less exposed to the risk of supply chain disruptions caused by current geopolitical issues. In addition, renovation is often more cost effective and attractive to tenants than building new.
Legislation like the EPBD (Environmental Performance of Buildings Directive) means that carbon will be measured and tracked for new buildings. Furthermore, the EU ETS (Emissions Trading Scheme), which targets high carbon materials, could significantly increase construction supply chain costs. The business case for renovation is clear – the time is now to respect, review and renew.
The case for renovation and transformation
Understand the financial, legislative, and sustainability drivers making renovation an attractive choice.
Watch the video to learn more.
Real estate renovation at a glance
Respect
Renovate, reuse, or build new?
Explore how you could best manage your asset - click through the test below (source: Mayor of London)
Is the existing building already on site?
Is the existing building already on site?
Renovation inspiration
Meet your local expert
Claire Racine
Head of Sustainability for Buildings
+44 (0)7483 483060
United Kingdom
Mari Brandl
Service Line Director
+45 5161 1000
Denmark
Heidi-Johanna Jokelainen
Director, Existing Buildings
+358 44 5363055
Finland
Yu Huang
Director, Buildings
+65 9835 1835
Singapore
Jessica Bergendahl
Sector Lead Existing Buildings
+46 70 29 461 26
Sweden
Lars Boberg Hov
Head of Department
+47 95 74 63 16
Norway