Landsec - St David's Car Park

A Comparative Study of LED Lighting Solutions

Strategic Investment Context

Not All LED Upgrades Are Equal

Across the UK property estate, most car park lighting has already been upgraded once—usually from fluorescent to early-generation LEDs. Those projects delivered major savings, but they also created a false sense of completion.

The reality is that today's first-generation LED systems waste far more energy than their owners realise: fittings that never truly power down, isolated PIR sensors with long delays, and no adaptive response to daylight or occupancy patterns. Even so-called "smart" sensor systems—which appear to offer high efficiency—still fail to capture the deeper, compound savings available today. Because they act as stand-alone, rule-based controls, they cannot coordinate across zones or learn from usage patterns. The result is persistent, low-level waste—energy and cost that remain permanently on the table.

Whole-of-Life Value Creation

Energy represents one of the few operating costs where car park operators retain full control and where technology can deliver immediate, measurable reductions. Unlike rates, insurance, or staffing—where savings often compromise service—modern LED infrastructure reduces costs while improving light quality and reliability.

The difference between a system that lasts 15-20 years and one that endures for 40+ years is not just twice the lifespan—it's twice the compounding benefit, twice the avoided replacement cost, and twice the avoided disruption. Every unnecessary hour of run-time shortens driver life, accelerates lumen depreciation, and increases replacement frequency. Over a 40-year service life, the additional maintenance and component-replacement savings from reducing burn hours can rival the energy savings themselves—savings most upgrade programmes never even measure.

This analysis models the specific financial impact for St David's based on current operating patterns and demonstrates how Unifi.id's platform closes that gap. By combining real-time occupancy intelligence, ambient-light sensing, and adaptive dimming within a unified control layer, it continuously optimises both energy use and fixture life—capturing value that grows rather than decays.

Investment-Grade Returns

Beyond direct cost reduction, LED upgrades increasingly factor into property valuations. The relationship is straightforward: every pound of verified operational saving translates to asset value at prevailing capitalisation rates. For institutional-grade car parks, this typically means 14-20x multiples on sustainable cost reductions.

The calculations presented here use conservative assumptions throughout. All financial metrics can be adjusted in real-time using the scenario planner to test different scenarios and validate assumptions against your operational reality.

Why This Dashboard Matters

This dashboard transforms the decision-making process by providing real-time financial modelling that reveals the true economics of infrastructure investment at St David's.

The analysis exposes the true cost of delayed action—every month of inaction represents quantifiable value destruction through excessive operating costs and missed carbon reduction targets. For St David's alone, the current lighting infrastructure consumes £160,000 annually—budget equivalent to a significant retail tenant's contribution.

Superior lighting quality also enhances safety perception and retail ambience. First and last impressions matter—car park lighting shapes the entire shopping experience from arrival to departure. This dashboard demonstrates how that capital drain becomes a value driver, converting operating expense into competitive advantage while enhancing the customer journey.

If you'd like to walk through any aspect together, our team is here to explain the detail behind every calculation and support your decision-making process.

Investment Analysis Framework

Investment Performance

Option:
Analysis Horizon:

10-year investment horizon | Replacement costs included where applicable

10-Year NPV
--
Net Present Value
NAV Impact
--
Asset Value Uplift
IRR
--
vs 7.5% Hurdle
Payback
--
Simple Payback Period

Investment Committee Dashboard

WACC
--
Cost of Equity (ke)
--
Cost of Debt (kd)
--
Annual NOI Δ
--
Cap Rate
--
Disc. Payback
--

Note: NAV Impact reflects immediate asset valuation uplift based on Year 1 stabilized NOI (Annual NOI Δ ÷ Cap Rate). NPV provides the comprehensive value assessment including replacement cycles and time value of money.

Environmental Impact

Carbon reduction & ESG performance: Every kWh saved reduces emissions and advances LandSec's net-zero commitments. These metrics directly contribute to LandSec's science-based targets and CDP reporting.

Science-Based Target Contribution: This project supports LandSec's commitment to 47% absolute emissions reduction by 2030 and net-zero by 2040, validated by the Science Based Targets initiative and suitable for CDP disclosure.

Multi-Horizon Analysis (Legacy Version)

Current option performance across investment timeframes

Multi-Horizon Investment Analysis

Comparative performance across investment timeframes

Option:

NPV Growth Over Time

Calculation Methodology

Industry-standard financial modelling & energy calculations

Estimated Energy & Cost Analysis

Estimated Consumption, Expenditure & Emissions

Option:

Current Installation

Post LED Upgrade

Annual NOI Contribution

Permanent operational expense reduction with zero tenant dependency

Investment Performance Metrics

NPV analysis uses 10-year investment horizon. Energy savings based on landlord-controlled infrastructure with zero tenant dependency.

Comparative NPV analysis over 10-year investment horizon (7.5% discount rate). Shows both funded and self-funded scenarios to demonstrate capital efficiency and deployment flexibility.

NAV Impact: At a 7% cap rate, annual savings of £0 translate to £0 in immediate asset value uplift - exceeding the initial investment by 0x.

Visual Dashboard

Option:

Consumption Comparison

Savings by Zone

Lighting Transformation Details Click to View

Hardware specifications & performance analysis
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Performance metrics update automatically with your settings
Values below reflect your current settings and will change as you adjust the controls.
Current Settings: Loading...

Hardware Transformation Overview LED Upgrade Specifications

0
LED Fixtures
0kW0kW
Total Load
0 → 0
Fixture Types
0%
Load Reduction

Detailed Fixture Specifications Click to View

View complete fixture comparison for each option - Existing vs LED Upgrade

Current Fixtures (To Be Removed)

Fixture Type Qty Unit Power Total Load

LED Replacements

Fixture Type Qty Unit Power Total Load

Performance by Floor Click to View Live Updates

Floor-by-floor energy consumption and savings

Executive Investment Summary

Option C: Smart Bluetooth Mesh System - Recommended Solution

The Opportunity

St David's Car Park currently consumes £159,945 annually on lighting energy. The smart Bluetooth system delivers optimal 40-year value, reducing operating costs by £48,884 per year (31% reduction).

With 365 days of operation and zone-specific smart controls, this investment transforms lighting from a fixed overhead into a strategic asset that enhances operational efficiency and property value.

Financial Performance

10-Year NPV
--
40-Year NPV
--
IRR --
Discounted Payback --

Strategic Value Creation

NAV Impact --
Monthly OpEx Reduction --
Energy Reduction --
CO₂ Reduction (annual) --

The Strategic Choice

This project demonstrates how selecting the right lighting solution can transform an operational expense into a long-term value creator. Unifi.id's approach looks beyond simple payback and focuses on whole-of-life performance — how efficiency, reliability, and asset life interact to build exponential value over time.

By selecting technology that maximises efficiency and durability, Landsec can capture value that grows rather than decays — ensuring that today's investment strengthens both sustainability targets and future financial resilience.

Option C vs Option A (40-year value differential)
£XXXk

Methodology: All financial metrics calculated using industry-standard CRE methodology. NPV and IRR based on discounted cash flow analysis with replacement cycles included. NAV impact calculated using 7.00% cap rate. Assumes 365 days annual operation with zone-specific smart controls. All values dynamically update based on scenario planner settings.