AREIT gets top green building recognition

By: Miguel R. Camus - 10 months ago

MANILA, Philippines —Ayala Land’s real estate investment trust arm AREIT Inc. said eight of its office buildings were recognized by International Finance Corp. for complying with strict green building standards.

The so-called Excellence in Design for Greater Efficiencies (EDGE) is an international green building certification and an innovation of the IFC, the private sector arm of the World Bank Group.

“EDGE Zero Carbon is the highest level of EDGE certification granted to properties that have neutralized their carbon emissions through renewable energy use. It requires a minimum of 40 percent energy savings and 20 percent savings in water and embodied carbon in materials compared to the base case,” AREIT said in a statement.

READ: Ayala Land, AREIT aim to become leading sustainable developer by 2025

The buildings have a foot print of 354,000 square meters, AREIT said.

These are Glorietta 1 and 2 Corporate Center, Solaris One, McKinley Exchange Corporate Center in Makati, Vertis North Corporate Centers 1, 2, and 3 in Quezon City, and The 30th Corporate Center in Pasig.

“Our commitment to EDGE Zero carbon is a testament to the value we see in developing environmentally-conscious developments to ensure a more sustainable future for the country,” Mariana Zobel de Ayala, AREIT director and senior vice president and group head for leasing and hospitality at Ayala Land.