Leading agents make sustainability integral to their management services

Monday, 19 September 2016

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Members of the BBP Managing Agents Partnership, a collaboration of leading agents responsible for managing over 29,000 assets in the UK, will now be including sustainability services as part of their standard property management offering to clients.

To date, service offerings around sustainability have varied widely depending upon individual client demands and commitment. To address this challenge, the UK’s leading agents have worked in collaboration to define and standardise how sustainability can be integrated into everyday property management services - resulting in the Partnerships first publication: Integrating Sustainability into Property Management Services: Core Provisions.

This landmark initiative means that all of the agents within the Partnership will provide consistent service offerings in relation to a wide range of sustainability issues including utilities, waste, procurement and occupier engagement. Importantly, these will be included within all service offerings, providing all property owners, regardless of their commitment to sustainability, with straightforward information on the sustainability of their assets and how to improve them.

Members which have already signed up include: Broadgate Estates, Bilfinger GVA, Capita, CBRE, Knight Frank and Savills.

Carl Brookes, Chairman of the Managing Agents Partnership said: “We are delighted to be launching these ‘Core Provisions’ which are a critical step forward for the industry. Members of the Managing Agents Partnership believe that sustainability should be an intrinsic part of the day-to-day management of commercial property and these ‘Core Provisions’ enable us to provide greater clarity, transparency and consistency around the services that managing agents provide. We hope that these standards will also encourage other agents to follow suit, raising standards across the whole industry.”

The initiative is also supported by the Better Buildings Partnership, collaboration of the UK’s leading commercial property owners.

Chairman of the Better Buildings Partnership and Head of Sustainability at Hammerson, Louise Ellison said: “As major property owners, we have high expectations of the sustainability services that managing agents provide and these are an integral aspect of helping to protect and enhance the value of our properties.

“We very much welcome the leadership shown by members of the Managing Agents Partnership and the publication of the Core Provisions. This initiative promises to drive market transformation, especially for the SME property owners who do not have the resources to focus on sustainability and are dependent on the advice of managing agents.”

Paul Harding, Senior Director at Bilfinger GVA said: “We are delighted to endorse the core principles of the BBP Managing Agent Partnership. This is an excellent way of consolidating our long term commitment to placing sustainability at the heart of our responsible property management service throughout our varied managed portfolio.”