Logistics Upgrade |
Guildford, UK
Over the course of three-and-a-half years from November 2019, Savills IM and the project manager, Savills UK Building & Project Consultancy, completed a retrofit upgrade of the 13 unit industrial site.
Key Facts
Industrial & Logistics
Value add
Under management
EPC A or A+ rating
For each unit
94,000 sqft
lettable area
£10.6mn
back to frame refurbishment project
Winner
of 2025 CIBSE award
Project of the year - Portfolio workspaces
£0
electricity bills reported by occupiers
About the asset
- Over the course of three-and-a-half years from November 2019, Savills IM and the project manager, Savills UK Building & Project Consultancy, completed a retrofit upgrade of the 13 unit industrial site. The core challenge to this project was delivering the retrofit with eleven live tenancies.
- Vacant units were upgraded leading to a positive chain reaction enabling occupiers to move from older units into the upgraded versions.
- Each occupier has dedicated Photovoltaic (PV) panels on the roof of their unit linked to a Tesla battery facilitating energy storage. Some occupiers have reported £0 energy bills and have been able to sell surplus energy back to the grid.
- A sustainable sourcing policy focused on the reuse of materials – for example, stone masonry waste used in gabion walls and existing concrete floors repolished or screeded.
- EPC Ratings across the site pre-refurbishment ranged from EPC C-E, following the works all units hold an EPC A or A+ Rating and the property has achieved BREEAM Excellent.
- Since the completion of the upgrade, lettings have been secured at almost double (+88%) the Estimated Rental Value recorded at the site at the time of purchase.
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