Answers - Real Estate

What colour landlord are you? Many landlords and investors are starting to turn green. No this is not a new virus but a healthy symptom of starting to care about the environment

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

.

The Government must do a lot more to help people investing in buy to let property to make their properties more environmentally friendly.

Although a lot of property investor

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

would like to be “green”, the cost of most energy-saving modifications takes decades to get back and the average tenant is simply unwilling to pay extra simply to help save pla

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

net earth. There are some tax breaks and grants available but they can be difficult to claim.

Richard Gard of the National Landlords Association in the UK says the environmenta

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

message is not getting through, despite the high level of debates on the subject of global warming. "Energy efficiency is not top of tenants lists of concerns," he says. "One o

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

f the really useful things the Government could do would be to educate tenants on the need to save energy. If it was market driven, investors could invest and be sure of a retur

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

."

The Governments main weapon in the quest for energy savings is the Energy Performance Certificate (EPC). Landlords will have to produce an EPC for inspection by tenants afte

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

r October 2008.

The idea is to promote EPCs in university towns, so students will be familiar with them and use them to choose energy efficient lets when they go back to their

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ome countries, thus spreading the idea. At the moment, there is not enough knowledge out there to drive this forward.

Tenants are just not interested in their impact on carbon

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

emissions. At the Greenwich Millennium Village, for example, the design was advertised as a new gold standard of environmental excellence, but prospective tenants know absolutel

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

nothing about it. None of them know about the eco-friendly design until they ask about the heating bills. Tenants are pleased with the low bills, but they come to the Greenwich

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

Millennium Village because it is close to Canary Wharf and it represents good value for money, not to help the environment.

Until we overcome tenant ignorance, the Government w

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

ill have to offer landlords better financial incentives to implement important energy savings, says buy-to-let investor David Lawrenson.

There are some tax incentives on offer

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

rom the government, such as the Landlords Energy Savings Allowance, which brings tax relief of ?1,500 for each property if investors install things like lagging and roof insulat

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ion. But the governments need to offer a lot more before it is worthwhile doing major work.

The gas and electricity companies offer a lot heavily subsidised deals on insulatio

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

, draft excluders, wind turbines and solar power, but no financial compensation is available for loss of rent for investors and landlords while the work is being done.

In the l

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

ong term, the Government has to take action to force property owners and that will have to include investors and landlords, to improve energy performance.

Environmental standar

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

s are driven by laws and until we have mandatory standards, the market will not change. The position will change dramatically over the next five years, fuelled by government aim

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

s for zero carbon housing by 2016.

New homes are only a very small part of this problem. Existing houses must be upgraded as a matter of urgency. New build is only 2% of the pr

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

blem. We need to tackle the other 98%. But the good news is that people are beginning to recognise the need to take action. A tipping point has been reached in public perception

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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