Knight Frank has signed a three-year renewable energy supply agreement with TotalEnergies valued at more than £180 million, the property consultancy said on Tuesday.
The contract covers commercial properties managed by Knight Frank across the UK, the firm’s own offices, and additional buildings where it acts as an energy and sustainability adviser. The company said the deal includes hourly matched REGO-backed electricity, access to corporate power purchase agreements and green gas.
Knight Frank said the contract is expected to deliver more than 100,000 tonnes of CO₂ savings across its estate and managed portfolio over the term.
David Goatman, global head of energy and sustainability at Knight Frank, said the agreement represents a major milestone for the firm. “We are delighted to have agreed this new contract with TotalEnergies, one of the largest of its kind in the UK property industry,” he said. “For over 15 years we have been advising our clients on sustainable energy procurement strategies and a partnership of this scale is a testament to our ability to deliver renewable energy at an attractive cost to our clients.”
He added that such contracts “play an important role in portfolio decarbonisation strategies and demonstrate a clear statement of our own corporate commitments to sustainable business operations.”
Michael Lewis, national head of property management at Knight Frank, said sourcing sustainable energy remains a central priority. “Procuring sustainable and cost-effective energy for the buildings we manage is of central importance to us and our clients,” he said, noting that the firm manages a UK commercial property portfolio worth more than £20 billion. “This contract covers the vast majority of our AUM and is an important part of our wide-ranging and market-leading ESG services offered to our clients.”
Knight Frank said the agreement is now in place and will run through the next three years.
