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Driving sustainability in real estate and construction
Contributing to the fight against climate change and creating social value are now priorities for the real estate and construction sectors.   The long-term nature of the built environment means that resilience and sustainability should be considered at every stage if buildings are to be environmentally and socially responsible. This brings both opportunities and challenges for the businesses that create, own or maintain it. They must consider the evolving technical, regulatory and market landscape, to ensure that their investments are future-proofed commercially, as well as environmentally and socially. This section of Bandwidth looks at some of the ESG issues that confront developers and property owners, and how they can incorporate practical solutions into their businesses.
MEES - are the regulations working?
MEES is a flagship policy to help the UK meet its net zero targets. MEES returns over 50million hits on Google, so it is undoubtedly a widely discussed piece of legislation that should play a major role in reducing the carbon footprint of the non-domestic property stock in the UK. But is there sufficient bite to these regulations? 
Law-Now: Construction
Visit Law-Now for legal know-how and commentary


Time to talk about the challenges facing UK data centre development
Last week CMS hosted a roundtable in London to discuss the challenges facing UK data centre development. We benefited from the diverse views of clients from across the DC market including sponsors, lending...
Building Safety Act Conference
 CMS is bringing together clients from across the industry to hear from industry experts and each other about the next phase of regulation, how the BSA is impacting development and construction and how the Courts are applying the le­gis­la­tion. Please click the button below to register for this event.
Building Safety Act Conference
CMS is bringing together clients from across the industry to hear from industry experts and each other about the next phase of regulation, how the BSA is impacting development and construction and how the Courts are applying the legislation.
MEES - why are local authorities failing to enforce?
The UK government has a continued drive and commitment to reach net zero emissions by 2050. Yet as highlighted in the first of this series of publications, “MEES – are the regulations working?” the risk of MEES enforcement is low. Against a hotly discussed political backdrop, why is it that local authorities are continually failing to enforce the MEES regulations? Left alone, the existing approach serves to undermine the UK’s net zero strategy.
The Building Safety Act and the Student Accommodation Sector
We are pleased to invite you to our Building Safety Act and the Student Accommodation Sector webinar on Wednesday 1 November from 09:00 - 10:30. Partners from our market-leading Health and Safety, Construction...
Taking the long view Even in challenging times, real estate investors continue to have a strong degree of confidence in the future of the sector.
The majority of UK real estate professionals continue to believe that London is overvalued. As our chart shows, this is very much business as usual. Over the past eight years, only 2021 - when investors began to wonder what a post-covid market might look like - has challenged the status quo. Even then, what we saw was only a significant narrowing of the gap, not a reversal. In this year’s polling, 62% of our respondents feel London is overvalued, as opposed to 6% who believe it is undervalued. These are the most bearish numbers we have seen since pre‑Brexit days.
Sustainable offices and EPC requirements
Investors may be moving towards the view that making offices sustainable does not necessarily equate to higher costs for occupiers.
The view from the UK
Every year we ask a cross-section of leading UK real estate professionals for their views on the market. This year we polled 270 experts, including 62 investors and 54 developers. In many ways they share the outlook of the global investors we surveyed, with long-term confidence tempered by short-term concerns. Overall, 38% reported feeling optimistic about the market, while 34% describe themselves as neutral and 28% are pessimistic. Although positive, this take on the market is unsurprisingly more cautious than the one we found 12 months ago, with sentiment falling back to levels last seen at the beginning of the pandemic as the more bullish outlook of the past two years recedes.
Global cities
As our chart shows, the genuinely ‘global’ cities remain the most appealing (albeit by slim margins), with the top four slots going to London, Paris, Tokyo and New York.
The big picture
Despite a difficult year and an uncertain outlook, we found strong underlying positives among investors globally.