Seven major U.K. property developers have committed to a "Design for Performance" approach on at least one office project in their development pipelines.
The approach, which is based on findings from the Design for Performance initiative, sets targets for operational energy use and verifies performance during full occupancy.
The developers involved are Great Portland Estates PLC, Landsec, TH Real Estate, Grosvenor Britain & Ireland, LGIM Real Assets, Lendlease Corp. Ltd. and The Crown Estate.
The companies will also fund the development of an investment-grade rating that reflects actual performance in use.
The developers are part of the Better Buildings Partnership, a nonprofit collaboration of U.K. property owners.