More interest on green buildings

The issue of climate change has moved up the global agenda, with increasing awareness of the real estate industry’s significant contribution in reducing the detrimental effects of carbon emissions from the commercial and office sectors.

This was discussed by CB Richard Ellis Philippines in a recent press conference. The conference featured guest speaker Jennivine Kwan, US Green Building Council (USGBC) VP for International Operations and gathered decision makers from the commercial real estate sector, green associates, and LEED accredited professionals in the country. Figures shared by Kwan show that as of October 2010, the total worldwide commercial LEED registered projects has reached 8,579.

LEED or Leadership in Energy and Environment Design is one of the most widely-used green building rating systems. This was developed by the USGBC to benchmark building performance and environmental design. The rating system covers new construction, core & shell, existing buildings, commercial interiors, homes, and neighborhood developments.

To date, there are five LEED certified projects in the Philippines. This includes the Asian Development Bank, Nuvali One Evotech, Shell Shared Services Office, Texas Instruments in both Baguio and Clark.

Twenty-eight projects are now registered for LEED certification. This includes the Zuellig Building, the first LEED Core & Shell pre-certified Gold-level prime office building in the country. It is a 33-story building featuring 55,000 sqm of rentable office space.

This development is exclusively leased out and to be managed by CBRE Philippines, the country’s leading real estate advisory firm

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