Research results support commercial refurbs over rebuilds

3 March, 2010

The British Council for Offices (BCO) has endorsed new research which sets out economic and environmental benefits of refurbishing existing commercial buildings rather than rebuilding from scratch.

The research, entitled Can do Refurbishment, focuses specifically on commercial buildings constructed over the last 40 years. It challenges the common myths and preconceptions that see new build favoured over refurbishment and considers the financial, building services, structural, risk, programme, sustainability and planning advantages of choosing to revitalise an existing building instead.

The document published by Scott Brownrigg, in partnership with Hilson Moran and Gardiner & Theobald, discusses how, in a recession, the availability of pre-existing built stock and refurbishment options can be very attractive to both occupiers and funders.

It lists of benefits the existing assets offer included a lower development risk profile; quicker return on investment; enhancements to the design life of existing stock; retention of occupiers; brand enhancement; opportunities to increase floor area; programme benefits (up to 70% time saving); and improvements to a building’s sustainable credentials.

The document provides those considering refurbishment with information to help make key decisions at the earliest stage of a potential development project. Its sustainable focus highlights the fact that refurbishment utilises fewer materials and that it is more sustainable to make older buildings more energy efficient, rather than to knock them down and build new ones.

The full document can be downloaded at www.scottbrownrigg.com