A new assessment tool that helps global property managers understand at a glance their properties’ investment potential for renewable energy technology has been co-developed by Jones Lang LaSalle and low carbon consultancy Encraft.
The tool, called RESPRO, will enable Jones Lang LaSalle to advise clients at the touch of a button on the potential impact on their property portfolio from installing renewable energy solutions at their sites.
LaSalle Investment Management, a renewable energy solutions client of Jones Lang LaSalle, will benefit from this service with Jones Lang LaSalle undertaking an initial renewable energy assessment across a mixed portfolio of 489 UK office, leisure, retail and industrial properties.
The initial assessment will enable Jones Lang LaSalle sustainability experts to review the technical viability and financial suitability for different renewable energy projects at each site and then advise on the delivery and implementation of selected projects. These projects include potential wind, biomass, solar photo-voltaic, solar thermal, hydroelectric, ground source heat pump, and CHP (combined heat and power) solutions.
James Smith, Associate Director at LaSalle Investment Management said: “Energy efficient solutions are a key part of our long-term commitment to continuously improve the impact our buildings have on the environment along with enhancing our investment performance. We look forward to seeing the results of the Jones Lang LaSalle analysis, sharing these with our clients and implementing viable alternative energy solutions.”
Erin Karsten, Head of Business Development, EMEA Renewable Energy Solutions at Jones Lang LaSalle, said: “We are very excited to be working with LaSalle Investment Management for their UK properties. This new tool will allow us to quickly and easily advise on and deliver a range of opportunities and technologies to help LIM bring renewable energy to their sites and meet their sustainability goals.”
Lee Siddons, Head of Renewable Energy Solutions, EMEA at Jones Lang LaSalle who developed the tool in conjunction with software provider Encraft, said: “Occupier, investor and developer clients are eager to understand what renewable energy solutions might be appropriate for their property portfolios. Our new RESPRO tool will help property managers assess quickly and easily the unique potential of each site across dispersed geographies. This will prioritise limited resources and help focus on delivering the best opportunities. We expect there to be strong demand particularly across corporate and industrial clients who want to assess which sites will generate maximum efficiencies.”
Dr Sarah Price, Consultant, Encraft Ltd, said: “The Jones Lang LaSalle RESPRO tool is unique because it benchmarks renewable energy opportunities across multiple properties. Our experience of building user-friendly models that add true value makes it easy for busy people to assess these opportunities and generate viable business plans for renewable and micro-generation developments.”
Matthew Rhodes, Managing Director, Encraft Ltd, said: “New feed-in-tariff and renewable incentive schemes across Europe now make renewables and energy efficiency projects serious investment propositions for many property owners. There’s a huge misconception that the aim of investing in renewable energy is to ‘save the planet’ but in financial terms with these new incentive schemes, it’s one of the safest investments around.”