Frasers Property Vietnam announced on July 18 that the US Green Building Council (USGBC) has confirmed its Eco Logistics Centre as the country's first LEED-certified ready-built warehouse.
The certification recognises the development in Binh Duong province for its sustainability credentials under the Leadership in Energy and Environmental Design (LEED) v4 Building Design and Construction: Warehouses and Distribution Centres rating system.
Edwin Tan, deputy CEO at Frasers Property Vietnam, said that achieving the first LEED-certified ready-built warehouse in the nation not only validates the company’s asset strategy, but also contributes to the country’s advancements in sustainability.
|“We are committed to further embedding sustainability across the lifecycle of our assets, with efforts focused on green building certification and retrofitting existing buildings to higher standards. These are important aspects of the value-creation for our partners, tenants, and customers,” said Tan. |
|Frasers Property's Eco Ligistics Centre is the first LEED-certified ready-built warehouse in Vietnam |
LEED is the world’s most widely used green building rating system and provides a framework for healthy, efficient, and cost-saving green buildings.
“The LEED certification is a transformative tool that ensures a building is designed and operated to achieve high performance, improve human health, and protect the environment,” said Peter Templeton, president and CEO of the USGBC.
“By prioritising sustainability, the Eco Logistics Centre is leading the way in its industry and helping the USGBC continue towards our goal of green buildings for everyone within this generation,” Templeton added.
The Eco Logistics Centre’s design and construction phases were carried out in accordance with the LEED rating system.
These comprise the implementation of practical and measurable strategies and solutions in its industrial warehouses, including designs that improve energy performance by up to 25 per cent. These include energy- and water-efficient equipment, advanced commissioning, sustainable material selection, and indoor environmental quality targets.
Owned by Chuong Duong Beverages JSC and managed by Frasers Property Vietnam, the Eco Logistics Centre sits on more than 7.5 hectares, providing warehousing space to sustainability-minded tenants. Beyond the sustainable focus, technology and design elements have also been incorporated to enhance occupants’ productivity, health, and wellbeing.
Making progress to realise sustainable real estate in Vietnam
As a Group, Frasers Property is committed to becoming a net-zero corporation by 2050, encompassing Scope 1, 2 and 3 emissions. One of its sustainability goals focuses on green-certifying 80 per cent of all its owned and asset-managed properties by 2024.
As it pursues new business opportunities across a range of asset classes, all its new and redeveloped properties will be green-certified in accordance with industry and international standards.
In late 2022, Frasers Property Vietnam became the first real estate company in Vietnam to be endorsed by the Science Based Targets initiative (SBTi).
It received approval from SBTi for its detailed net-zero roadmaps and carbon reduction targets that help to reduce greenhouse gas emissions.
As part of its SBTi plans, the company is progressively installing rooftop solar panels, allocating renewable energy for street lighting, and introducing energy- and water-efficient building equipment across its portfolio.
The Eco Logistics Centre’s LEED certification marks Frasers Property Vietnam’s first step in certifying all its owned and managed industrial facilities across the country.
The company is targeting LEED certification for a total of over a million square metres of international-grade industrial facilities across more than 180ha of industrial land in both northern and southern Vietnam.
These commitments support the country’s growing international appeal as an industrial powerhouse and an emerging attraction for foreign investment.
| ||Frasers Property - first real estate company in Vietnam with SBTi-approved targets |
Frasers Property Vietnam (FPV), one of Vietnam's leading diversified real estate companies, announced on December 15 that the Science Based Targets initiative (SBTi) has approved its approach to significantly reduce greenhouse gas (GHG) emissions.
| ||Frasers Property opens Hanoi office |
Frasers Property Vietnam (FPV) has opened its Hanoi office on to mark the expansion of its northern region portfolio.
| ||Frasers Property and Gelex Group announce $250 million deal |
Frasers Property Vietnam (FPV), one of Vietnam's leading diversified property developers, announced its partnership with local multi-sector investment holding company Gelex Group on March 1 to grow its industrial portfolio and build its presence across northern Vietnam. The combined investment totals approximately $250 million.
| ||Industrial real estate increasingly attractive to investors |
A total of $8.88 billion was in registered foreign investment in Vietnam as of April 20, in which real estate ranked third with nearly $972 million. Truong An Duong, general manager for North Vietnam and Residential at Frasers Property Vietnam, shared methods to lure in more investment to Vietnam's industrial real estate market with VIR's Bich Ngoc.