Lamport Bassitt Solicitors - Legal News - New fund to increase availability of low-carbon commercial property


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS New fund to increase availability of low-carbon commercial property A new fund has been established with the goal of increasing the country's supply of low-carbon commercial property. An initiative involving the Carbon Trust, Stanhope and Threadneedle, the resource is designed to significantly boost the availability of green shops and offices. The Threadneedle Low-Carbon Workplace Trust, as it has been called, will target institutional investors and it is hoped it will raise £100 million over the next 12 months and £350 million within the next three years. Meanwhile, a total of up to 50 properties will be refurbished in line with green standards. Tom Delay, chief executive of the Carbon Trust - which is a not-for-profit company aiming to accelerate the move to a low-carbon economy - said the fund will provide a template for future green investments. He added: "We want to demonstrate the business case for low-carbon property, encourage the wider property industry to follow suit and deliver both an economic and a carbon prize for the UK." Related Articles: 30/3/2012 - EPC changes to affect buy-to-let landlords 27/3/2012 - Rent increases drive strong buy-to-let yields 27/3/2012 - Property industry welcomes 'sensible' planning reforms 2/3/2012 - Arla advises landlords to 'invest wisely' 1/3/2012 - Basel III could hit commercial property lending More Property Law News