Hang Lung’s Two Shanghai Landmarks Achieve Top Ratings in Global Sustainable Building Certifications
HONG KONG SAR - Media OutReach - 18 January 2023 - Hang Lung Properties (the “Company” or “Hang Lung”, SEHK stock code: 00101) is pleased to announce its Shanghai landmarks, Plaza 66 and Grand Gateway 66, have reached new milestones receiving a Platinum certification by the U.S. Green Building Council’s (USGBC) Leadership in Energy and Environmental Design (LEED) under the LEED V4.0 Existing Building: Operations and Maintenance (LEED V4.0 EB: O+M) rating system. In addition, Plaza 66 has also garnered the WELL V2 Core Platinum certification from the International WELL Building Institute (IWBI), making it mainland China’s first operating property and the largest commercial complex comprising both retail and office components to have attained platinum ratings for both certifications. note 1
Plaza 66 is the first operating property and the largest commercial complex in mainland China to receive platinum ratings for LEED V4.0 Existing Building: Operations and Maintenance and WELL V2 Core certifications
Plaza 66 and Grand Gateway 66 have operated for over two decades in prime locations in Shanghai. Receiving these prestigious certifications for LEED V4.0 EB: O+M and WELL V2 Core is evidence of the Company’s dedicated and ongoing efforts to enhance the environmental, health and wellness performance of its properties.
Grand Gateway 66 has achieved Platinum certification under the LEED V4.0 Existing Building: Operations and Maintenance rating system
Developed by USGBC, LEED is the most widely used green building rating in the world and an international symbol of excellence. The WELL Certification awarded by IWBI is the premier building standard focusing on enhancing occupants’ health and wellbeing through the buildings where they live and work.
Opened in 2001 and having completed an Asset Enhancement Initiative in 2017, Plaza 66, a leader and trend-setter in the high-end fashion and real estate industries in Shanghai, performed outstandingly in all parameters of LEED and WELL certifications ranging from energy performance and water management practices to indoor air quality and access to fitness and nourishment. Some key sustainability features include:
U.S. Energy Star rating of 95 (out of 100)
Sustainable consumables utilization rate of 66.9%
Waste diversion rate of 91.9% for daily consumables
Enhanced indoor air quality monitoring and HEPA level air filtering system
Clean, drinking water directly from a water purification system that has achieved WELL Water Standard, and that also avoids plastic waste from buying bottled water
Grand Gateway 66, the Company’s first large-scale commercial complex in mainland China, opened in 1999, comprises a mall, office towers and serviced apartments. Having completed a three-year large-scale Asset Enhancement Initiative in 2020, the project scored highly under LEED in areas of materials and resources, water efficiency, innovation and indoor environmental quality. Some of the building’s impressive green metrics include a 60.8% reduction in water usage, and a more than 85.8% waste diversion rate for daily consumables, which is 35.8% higher than the LEED baseline.
“Recognition from LEED and WELL are testament to our vision of creating compelling spaces that enrich lives. We continue to improve the environmental performance of our properties in support of our 2050 net-zero targets, and to enhance the health and wellbeing of our buildings for all of our stakeholders,” said Mr. Adriel Chan, Hang Lung Properties Vice Chair and Chair of Sustainability Steering Committee.
1. The information is based on the result announced on the LEED and WELL official websites as of January 15, 2023.
Hashtag: #HangLung
The issuer is solely responsible for the content of this announcement.
About Hang Lung Properties
Hang Lung Properties Limited (stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City”. Hang Lung Properties is recognized for leading the way in enhanced sustainability initiatives in real estate as it pursues sustainable growth by connecting customers and communities.
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