Naomi Nettleton and Alicia Stanford-Shard write for Property Week on how landed estate owners are increasingly looking to make improvements to their estates to enhance environmental impact and efficiency
Naomi Nettleton, Partner and Alicia Stanford-Shard, Associate write for Property Week, addressing the pressures on UK landed estate owners who are obliged to upgrade their properties for better energy efficiency amidst legal obligations.
These upgrades are challenging due to the historic nature of many estate buildings and the high costs involved.
Owners are considering various strategies to cope with these pressures, including converting long-term rentals into holiday lettings to bypass energy performance regulations, or selling parts of their estates. However, selling could negatively impact rural communities by reducing available rental properties.
The article also touches on the potential impact of estate fragmentation on public utility and commercial activities, such as events and filming. To preserve their estates and support environmental goals, owners may need to explore investments in renewable energy or the development of new, efficient housing, balancing environmental duties with economic realities and community responsibilities
Read the full piece in Property Week here.
