#AVIVA INVESTORS PSP#
“As we continue to build our global sustainable portfolio, PSP Investments aims to seize investment opportunities that support the transition to a low-carbon future. Stéphane Jalbert, Managing Director, Head of Asia-Pacific and Europe, Real Estate Investments, PSP Investments, said: We see this as a win-win situation, with occupiers benefitting from better energy efficiencies and therefore lower costs, whilst our investors gain from a reduction in the carbon footprint of their real estate portfolio.” The work we are undertaking at 30 Golden Square will rejuvenate the asset, whilst also making it more in keeping with the transition towards a low-carbon future. “It is vitally important that existing buildings are refurbished and renovated in order to reduce their carbon reliance and intensity, with these assets forming a significant portion of total emissions in the UK. James Stevens, Head of Investment, Global Real Estate, at Aviva Investors, said: Work will also be undertaken to improve the external appearance of the building, which will be sympathetic to – and in keeping with – the historic character of Golden Square, including partial replacement of the façade in Portland stone, and a new entrance on Upper John Street, along with an enlarged reception space. The refurbishment will target a BREEAM ‘Excellent’ rating, placing it in the top 10 per cent of UK refurbishment projects with regards to its sustainability credentials. The work at 30 Golden Square, which will be led by Structure Tone, one of the UK’s leading interior and renovation construction companies, will see the property refurbished to offer 40,000 sq ft of office space, with sustainability kept top of mind throughout the process.Īs part of the refurbishment, all-new mechanical, electrical and plumbing services will be installed throughout the property, allowing for the creation of a two-storey roof extension and three communal roof terrace spaces, complete with over 40 different wildflower and four grass species. It forms part of Aviva Investors’ commitment to achieving net zero across the entirety of its £47 billion Real Assets business by 2040, and follows the asset manager’s November announcement that it was undertaking an extensive refurbishment and decarbonisation programme of Curtain House, Hoxton, after acquiring the Grade II listed Victorian warehouse. As a major investor in property, we participate in industry led initiatives like the BBP to share best practice and promote the acceptance and implementation of Responsible Investment within the industry."īarry Hill, Head of Asset Management for European Direct Real Estate and Chair of Aviva Investors Responsible Property Investment Committee.The project is being undertaken as part of Aviva’s existing partnership with the Public Sector Pension Investment Board (’PSP Investments’), one of Canada’s largest pension investment managers, which includes an investment portfolio across London and the CB1 Estate in Cambridge, a master-planned sustainable, mixed-use development spanning 26 acres in the Station Road area of the city.
Addressing these issues from an investment perspective can deliver real value in terms of cost savings, enhanced returns and reduced regulatory and obsolescence risk.
"As responsible investors, we consider environmental, social and governance (ESG) issues and their impact on real estate investment. We have capabilities in fixed income, real estate, equities, multi- asset and multi-strategy, and global investment solutions. Our clients include banks and other global financial institutions, private wealth managers, financial advisers, pension schemes and private investors. As at 30 September 2015, Aviva Investors employed 1,234 people worldwide and were responsible for over £260 billion of client assets.Īviva Investors is 100% owned by Aviva plc, a multinational financial services company, which is a leading insurer in the UK and has strong businesses in selected markets in Europe, Asia and Canada. Aviva can trace its origins in the London insurance market back more than 319 years. Aviva plc is listed on the London Stock Exchange with a secondary listing on the New York Stock Exchange, and is a constituent of the FTSE 100 index. The principal business activities of the Aviva Group are long-term savings, fund management, health and general insurance. Aviva Investors is the name under which a number of globally integrated asset management businesses operate. Our goal is to deliver the specific and meaningful investment outcomes that matter most to today’s investor.
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