Impact Assessments on individual properties often follow the broad approach of a Portfolio Impact Assessments but can cut deeper and are often commissioned to help investors make "hold/ sell" decisions, to explore the possible returns on programmes of improvements or to investigate a specific issue, such as the potential impact of an asset being located in an area prone to flooding.

Individual property assessments usually include:

• Sustainability Assessment - the existing environmental quality of the building: energy efficiency, accessibility, socio-economic impact, durability, adaptability etc
• Market Overview - analysis of the demand for sustainable buildings, amount of current stock and extent of development pipeline
• Occupier Review - attitude of key tenants to the environment and the degree of influence sustainability is likely to have on leasing decisions at the next lease expiry
• Affordable improvements - actions that can be taken by the building owners to improve the environmental quality of the building, and at what cost
• Cost Benefit Analysis - the likely return on capital expenditure, in the short term through re-negotiating rents or re-gearing leases and in the longer term through above-average tenant retention rates, longer leases and, perhaps, superior rental and capital growth
• Tenant Eye View - operational cost savings available to the tenants through carrying out improvements and the tenant's business case: is it more cost effective to upgrade existing accommodation or to migrate to better-rated space?
• Physical Risks - the degree to which physical risks, such as flooding or subsidence, may have on future performance, including planning constraints and any impact on tenant demand
• Technological Risks - a review of the landlord's base build to establish whether any untested technological features might threaten investor sentiment and occupiers' willingness to accept net leases
• Leasing Risk - the fitness for purpose of current leases to protect the landlord from any retrospective, statutory improvements, from exposure to cost shortfalls and any wording that may erode rental value at "open market" reviews and statutory renewals.

To discuss what we can do for you at your building, call Charles or Chris for a natter...