Focus United Kingdom: As more companies integrate technology into the way they work, their power demand rises, and this impacts which buildings they choose to occupy.

Power is becoming a determining locational driver. UK businesses and households spend some £55bn on power annually1 . As more companies integrate technology into the way they work, their power demand rises, and this impacts which buildings they choose to occupy.

Power generation throughout the UK is transitioning to become more sustainable. This is driven by the need to reduce carbon emissions, emphasised by the UK government’s commitment to achieve net-zero greenhouse gas emissions by 2050. At the same time an increased number of extreme weather events brought about by climate change will put power supplies under threat. In August 2019, for example, a lightning strike in Cambridgeshire cut off power to an estimated 936,000 homes.

The vulnerability of power supplies along with the pressing need to supply plentiful, sustainable and resilient energy brings new challenges and opportunities for investors.

1) Ofgem, State of the Market 2019, October 2019

power_EN

First published 2 February 2021 on Mayfair Capital Blog.
Authors: Tom Duncan, Senior Associate - Research, Strategy and Risk, Mayfair Capital &
Fintan English, Research Associate - Research, Strategy and Risk, Mayfair Capital

More interesting articles

Electric transmission lines in the forest

Real Assets

Digital connectivity and real estate: Transformational change is coming

Focus United Kingdom: As more companies integrate technology into the way they work, their power demand rises, and this impacts which buildings they choose to occupy.

Read more
Aerial view of Paris with Eiffel tower during sunset

Trends

Covid crisis accelerates existing trends in the Greater Paris area

Covid-19 has brought about a health, social and economic crisis that is speeding up pre-existing trends. This has major implications for urban mobility, how people work and how buildings are used. So how exactly is the epidemic affecting urban development and real estate in Greater Paris? What are the prospects today for different property segments and parts of the city?

Read more
Road cyclist

Sustainability

A major step in the implementation of our sustainability strategy

From 2021, the utilities for the entire BEOS AG portfolio will be CO2-neutral. To this end, BEOS has significantly optimised the energy supply for its corporate real estate portfolio, comprising four million square metres of rental space.

Read more