It has become clear that building property management companies are going to have their work cut out for them with the incoming regulations pertaining to the Golden thread. This is magnified when it comes to managing legacy buildings, we’ve spoken to several companies and one area they all have said they’ll struggle with is having accurate plans of the buildings they manage. In some cases the plans simply don’t exist and in other instances they may have the plans, but they are inaccurate due to significant refurbishment/developments that have happened over the life of the building.
Currently the new regulations/guidance are looking to target buildings with sleeping accommodation over 18 meters tall, but they have left the door open to change the requirements, with the current word being that these requirements are going to impact all buildings, including those under 18 meters.
It’s clear that having up to date building plans is going to be essential to Golden Thread documentation, and the there’s going to be a rush to provide said documentation – so everyone who has a responsibility to manage any properties over 18 meters needs to act immediately.