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Permitted development could be a 'silver bullet' for owners of under-performing assets

Change of use can bridge the gap in order to future-proof buildings
(from left): Tom Norfolk and Phil Winckles (Fisher German)
(from left): Tom Norfolk and Phil Winckles (Fisher German)
By Phil Winckles, Tom Norfolk
Fisher German
February 12, 2026 | 7:00 AM

The RICS Red Book, updated in March 2025, made the integration of ESG considerations a mandatory practice when valuing properties. In London, there is a wealth of assets enjoying a "green premium" alongside contrasting buildings with poor ESG credentials which risk being left behind.

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News | Permitted development could be a 'silver bullet' for owners of under-performing assets