80% of the buildings that will be standing in the UK in 2050 are already built. That single statistic changes everything when it comes to how we think about sustainable real estate and it's the jumping-off point for this episode of Fisher German Talks.
Recorded on the back of our Futureproofing London Report thought leadership report, host Stuart Flint sits down with three experts to explore what a truly green city looks like and what it will take to get there.
Joining Stuart are Rachel Bridge, Fisher German's ESG Partner, Will Poole, partner at architects and urban designers Howells, and Jonathan Hulbert, Head of Programme Management at the Better Buildings Partnership, a collaboration of leading property owners representing over £360 billion of assets under management.
Together, they dig into the pressing case for retrofit-first thinking. With up to 60% of embodied carbon in a new build sitting in the structure alone, adapting what already exists is one of the most powerful sustainability tools we have. But it's not always straightforward particularly when it comes to converting large commercial floor plates, balancing energy performance with heritage preservation, and navigating the gap between a building's theoretical EPC rating and its real-world performance.
That gap is where the Australian-born NABERS rating system comes in. Jonathan explains how the Better Buildings Partnership brought NABERS to the UK, now known as NABERS UK and administered by CIBSE, to offer a transparent, star-rated measure of actual in-use building performance. It's a system already proven to drive higher rents and lower voids, and one that's increasingly being specified by tenants who want buildings that genuinely perform.
The conversation also covers the evolving relationship between landlords and occupiers from green lease clauses and data-sharing obligations to why framing sustainability as mutual opportunity, rather than imposed obligation, is what actually moves the needle. As Jonathan puts it: if you can't measure it, you can't manage it.
Will brings the urban placemaking perspective, drawing on Howells' work at Canary Wharf's Eden Dock, a public realm project that has boosted biodiversity, opened up waterside access, and played a direct role in the estate's commercial resurgence. He also reflects on what projects like King's Cross and Paradise Birmingham teach us about the long-term value of retaining heritage assets, and why reducing carbon at all costs isn't always the right answer.
Rachel also weighs in on return on investment, why ESG-led improvements don't always pay back overnight, but why the consequential benefits, from stronger occupiers to rental and capital growth, are well worth the long game. Plus, where does the skills gap sit in all of this, and what does the next generation of sustainable property professionals need to know?
Answers to these questions and more, right here.
For more information and to read our Futureproofing London Report, visit fishergerman.co.uk/insights