New EU rules impose tough energy standards on offices that Savills estimates will cost Irish landlords €7 billion. Photograph: iStock
Just 2 per cent of offices in the Republic hold an A rating while six out of 10 are rated D or lower “underscoring a widespread issue with energy inefficiency in Irish office buildings”, says the firm. The EU’s Energy Performance of Buildings Directive, adopted last month, mandates minimum performance standards for commercial properties and sets renovation targets that member states must hit.
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