A fundamental principle underpins this conversation: the most sustainable building is the one that already exists. In regional markets, this is particularly relevant, where redevelopment is often constrained by cost and demand. The opportunity lies in reimagining and optimising existing buildings and there are already strong examples of this approach in practice, with leading investors such as Legal & General demonstrating how value can be unlocked through careful repositioning. Schemes like Tempo in Maidenhead, progressing towards NABERS certification, highlight what can be achieved through a focus on operational performance rather than wholesale redevelopment, reinforcing the importance of prioritising what we already have.
Managing agents play a pivotal role in enabling this transition as the interface between landlords, occupiers and stakeholders. Their role extends beyond traditional management to encompass driving sustainability outcomes in practice, from encouraging green leasing aligned with the Better Buildings Partnership to improving operational performance and supporting decarbonisation strategies. By connecting clients with delivery teams and embedding sustainability experts from the start, they help integrate environmental performance with social value and electrification. Crucially, property managers also act as connectors within local markets, bringing together stakeholders to enable place-based solutions. The British Council for Offices advocates for a portfolio‑level, place‑based approach to address sustainability challenges and enhance the long‑term viability of regional assets.