Strategic Occupier Advice - Fibron Cable

80,000 sq ft

production facility.

2,815 tonnes

of carbon saving.

3.5 year

payback for client.

Strategic occupier advice for solar PV installation on 80,000 sq ft production facility.

Multi-disciplinary expertise, technical knowledge and negotiation skills.

708kWp system forecasted to generate 2,815 tonnes of carbon saving, with a 3.5-year payback for client.

Challenge

Vail Williams was appointed by Fibron Cable to collaborate with its solar PV contractor, advising on necessary lease consents and compliance requirements to facilitate the installation of rooftop solar panels at its 80,000 sq ft industrial premises in Hoddesdon, Hertfordshire.

Our occupier advisory team supported Fibron Cable throughout the process, enabling them to deliver against their ESG and financial objectives through a blend of technical property advice and collaboration with their landlord and the landlord’s insurer.

How we helped

Took time to understand our client’s objectives, providing initial yield guidance.
Liaised with their landlord to negotiate consent to install the solar PV through a Licence to Alter, with an explicit variation of usual reinstatement obligations to protect our client’s interests at lease end.
Addressed their landlord’s needs, from insurer approval of the solar PV design and maintenance strategy, to EPC considerations and insurance-backed roof coating works.
Met the detailed requirements of the landlord’s insurers and secured a capital contribution from the landlord towards the project.

“Vail Williams’ technical expertise, informed negotiation skills and ability to navigate our landlord’s insurer requirements, were critical to the success of this project. Their advice enabled us to meet our financial and ESG objectives, while maintaining a collaborative relationship with our landlord and safeguarding our position at lease end.”

Andy Finch, CFO Fibron Cable.

Result

Holistic occupier advice, technical knowledge and expert negotiation skills, working with the landlord, ensured our client was able to deliver on their solar PV ambitions.
Not only was Fibron Cable able to retain the capital allowances, their interests were protected throughout – from securing preventative maintenance of the roof to ensure longevity aligned with the solar PV product, to safeguarding their position at lease end.
Fibron Cable met both their financial and ESG objectives, generating renewable energy for consumption onsite, whilst selling the rest back to the National Grid.
The scheme is projected to deliver a 3.5-year payback.

Get in touch

If you think you may need similar support to that described here, or you would simply want to have an informal chat with a member of our team to discuss your property needs, get in touch.

Roland Browning

Partner

LondonReadingOxford

+44 (0)118 909 7400

+44 (0)7768 920378

rbrowning@vailwilliams.com

Freddie Worth

Surveyor

London

07502572631

fworth@vailwilliams.com

Services deployed

Building Project Management & Building Consultancy Services

Technical property services throughout the building lifecycle

Energy & Sustainability

Expert advice to decarbonise your property or portfolio

Industrial & Logistics

Full-service industrial property advice for occupiers, investors and developers

Occupier Advisory

Ensuring your property is aligned to your requirements and costs are minimised

Building Surveying

Technical property insight for evidence-based decision-making

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