Tenants are increasingly looking at a property's green credentials before signing any agreements, according to an industry expert.

Clive Bull, partner of Cushman and Wakefield real estate advisors, said that changes to make a property more environmentally friendly "will be driven more by the tenants."

Landlords also want to make commercial property greener but they are ultimately answering to the wishes of potential tenants, said Mr Bull.

A report from the Copenhagen climate summit held December 7th to 18th looked at environmentally friendly commercial property.

Commercial property makes up 18 per cent of all UK emissions, the Daily Telegraph reported.

In 2008 the Climate Change Act set targets for an 80 per cent cut in greenhouse gas emissions by 2050.

A minimum 26 per cent reduction in CO2 emissions by 2020 was also targeted in the act.

Mr Bull noted that landlords and owners of commercial property have "had other things to worry about over the last 18 months"thanks to the poor financial market.

But "green issues will become more important"as the UK emerges from the current situation, he added.

Written by Sarah FieldADNFCR-2002-ID-19505733-ADNFCR

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