International first for NABERS in Hong Kong
CBRE’s Asia Pacific Sustainability team will provide NABERS energy assessments in Hong Kong.
The assessments on some 143,000sqm of selected assets in Link REIT’s retail portfolio in Hong Kong are being done to benchmark building performance, energy saving and efficiency.
Link REIT is the first real estate investment trust in Hong Kong and the largest in Asia in terms of market capitalisation.
Link’s general manager of sustainability Calvin Lee Kwan said the NABERS pilot will allow us to assess the energy performance of our assets using a tried and tested methodology and to benchmark asset performance internally as well as externally.
“Since 2010, Link has implemented a comprehensive and ambitious energy management strategy which has so far achieved over 26 percent reduction in total energy consumption across the portfolio," he said.
CBRE will initially rate nine shopping centres over several locations, looking at specific features such as floor layout, opening hours, energy consumption, car park provisions and vacancy rates.
The assets undergoing NABERS assessments include; Lok Fu Plaza; Chung Fu Plaza; Leung King Plaza; Hau Tak (II) Shopping Centre; Wong Tai Sin Plaza (Temple Mall South); Lung Cheung Plaza (Temple Mall North); On Ting Commercial Complex (also known as H.A.N.D.S); Yau Oi Commercial Complex (also known as H.A.N.D.S); and Stanley Plaza.
The pilot project will see the assets assessed using the Australian Queensland postcode and associated climatic algorithms – the most similar existing climatic algorithm to Hong Kong in the NABERS scheme.
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