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Future-proofing our Portfolio / Continued
Sustainable refurbishments: investing in our buildings
£4.5m Invested across the portfolio 80% EPC ratings A–C
We are committed to enhancing the environmental performance of our buildings to improve their operational efficiency and to ensure that they meet refurbishment guidelines, when space becomes vacant, we seek to improve its sustainability credentials in terms of certification, services, structure and building resilience. Where possible, we aim to remove gas fired systems and install solar on roofs to provide on-site renewable energy, with five projects having been completed this year. occupier requirements. In line with our sustainable
Sentinel House, Fleet In Fleet, which is leased to a serviced office provider, we extended their lease by a further five years, to 2030. We agreed a small rental uplift in 2025 to £0.5 million per annum, 4% ahead of ERV. The reversionary lease included our standard green lease clauses, and we arranged for solar panels to be installed, with the cost being deducted from the incentive being given to the occupier. In addition, we have added insulation to the property and refurbished the windows. The building achieved an A rated EPC and the works align with our net zero commitments as well as reducing our occupier’s running costs.
Strategic priority 1 2 3
4% Rent ahead of ERV
Picton Property Income Limited / Annual Report 2024 14
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