Picton Property Income Limited Sustainability Report 2022
Introduction
12
Environmental Focus
Stakeholder Engagement
Governance
Appendix
Sustainability in action Refurbishment upgrades
50 Farringdon Road in London EC1 is a 31,000 sq ft office building adjacent to Farringdon station from which four businesses operate. In 2021, we commissioned a comprehensive refurbishment project at the building with a budget of £1.2 million to improve the working environment for our occupiers which included: — Complete replacement of the central plant including installation of air sourced heat pumps to remove all gas supplied to the building — Installation of LED lighting throughout the building common areas, reducing electricity consumption and cost — Installation of a new Building Management System to enable the use of the Asset IQ system to control energy consumption more efficiently and energy costs for occupiers — Upgrades to the fire alarm and electrical distribution systems The extent of the work was significant and potentially could have been disruptive to our occupiers but with careful planning and a strong focus on effective communication, we were able to ensure that the building remained open and fully operational whilst the works were carried out. The more efficient plant means that we have been able to reduce its operating hours (and therefore costs). For example, it is now no longer necessary to run the plant on Sundays to ensure comfortable temperatures exist at the start of the working week. We have also introduced new control measures which now give occupiers more ability to manage their own environment to suit their specific needs. The work undertaken significantly improved the building’s EPC from a D to a B rating.
Part of our Sustainable buildings priority
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