City Developments Limited’s Post

We are thrilled to announce the launch of a landmark net-zero mission by Hong Kong property and technology leaders - the first-ever Hong Kong Green Tech Challenge – Green Building Edition! Real estate projects worth billions will be targeted in green tech pilots to decarbonise buildings, which consume about 90% of Hong Kong’s electricity. With our programme partner HKSTP - Hong Kong Science and Technology Parks Corporation, Carbonless Asia is leading this charge. We thank our corporate partners from the property, technology, and academic sectors who share our vision. They have introduced Opportunity Statements for innovators to tackle: Colliers, Goodman, The Hong Kong University of Science and Technology, New World Development Company Limited, NWS Holdings Limited, Swire Pacific, Veolia, and Yau Lee Holdings Limited. Special thanks to our supporting partners: 10 Design, Business Environment Council, deploy., Edelman, IXO Partners, Marsh, OCBC, Schneider Electric, and the Sustainable Finance Initiative supported by StartmeupHK . Carbonless aims to drive real action in decarbonisation. Seeing leaders from the property, business, and scientific community rally the city is inspiring. We invite green tech ventures worldwide to join and seek partnership and innovation opportunities at the Green Tech Challenge now. 🔗 Link to join the programme or for more details: https://lnkd.in/g8FvJVEW #carbonless #decarbonisation #greentech #hongkongproperty #innovators #founders

Yesterday GreenGen CEO, Brad Dockser, took part in the #Decarbonization and #Resilience Forum at the 2024 ULI Asia Pacific Summit in Tokyo! He was joined by industry leaders Helen Amos from JLL Hong Kong, Albert Chan from Shui On Land, and Vram Malek from Skidmore, Owings & Merrill (SOM) to discuss the crucial role of retrofitting existing buildings in achieving #netzero goals. Key takeaways from the summit so far: 🏢 It's clear that retrofitting is profitable and drives asset value. 🤝 Successful execution requires collaboration among multiple parties. 🌱 There is a growing demand from stakeholders for more efficient, healthier spaces. A big thank you to everyone who joined us! #ULIAPSummit

We have recently sold the last remaining asset, a logistics property in Hyvinkää, Finland, on behalf of our Nordic Logistics Club Deal fund. With this successful divestment in accordance with the business plan, we have achieved an IRR of over 12% at fund level, significantly exceeding the target of 8%. 📦 The sale in Finland followed the successful implementation of asset management measures to further upgrade the logistics property. The building was expanded by around 11,000 square meters of lettable area, which involved merging two plots, moving an access road and making changes to the infrastructure. 🌱 With at least 18 e-charging stations, additional solar panels and so-called rain gardens, the sustainability features of the property were also further optimised. 🏆 The asset just received BREEAM Excellent certifications in both BREEAM New Construction and BREEAM In-Use.    Peter Broström, Head of Nordics at Savills IM, says: “The Nordic Logistics Club Deal was designed for a term of ten years. The fund strategy worked out very well - with an average distribution of over 6.5% p.a. and an IRR of over 12%, as a result of dedicated asset management work such as renewal of leases, building extensions, ESG upgrades and building retrofits. We manage real estate worth around 1.5 billion euros in the Nordics in various funds and mandates. In view of the now increasing investment opportunities, we are planning to further expand the Nordic platform.” Read the press release here: https://lnkd.in/ds5kz65q #realestate #industrial #rental #ESG #sustainability #Finland   Lisen Heijbel, Peter Broström, Hélène H., Anton Karlström, Lauren C.

The Toronto-Waterloo Corridor remains a strong hub for manufacturing growth and innovation. With access to talent and modern infrastructure, it’s an attractive option for businesses considering expansion. This article highlights why the region continues to draw investment and drive economic development.

Frasers Property Limited announced plans to refocus on capital recycling and expand its development exposure following an 81.8% drop in net profit for the first half of the financial year. CEO Panote Sirivadhanabhakdi attributed the decline to ongoing market challenges and emphasized the need for resilience. The company aims to unlock value consistently, increase development exposure in the medium to long term, and strengthen income streams. Recent capital recycling transactions, including the sale of the Capri by Fraser hotel in Changi City, align with this strategy. Despite revenue falling 20.4% to S$1.5 billion, Frasers Property remains confident in the Singapore residential market and is actively pursuing opportunities in Thailand, including the development of One Bangkok. The company is diversifying funding sources and plans to increase its development exposure in residential and non-residential segments. Overall, Frasers Property is focused on driving returns across property cycles and strengthening its position amid external challenges. Su Lin Soon, CEO of Frasers Property Singapore, expressed confidence in the Singapore residential market despite cautious sentiment due to inflationary pressures. She noted the resilience of prices in the market. Hua Tiong Lim, CEO of Emerging Markets, Asia, announced that the first two shopping malls are expected to open by the end of 2024, with about 60% pre-leased. Choo Leong Loo, Group CFO of Frasers Property, highlighted the company's active exploration and diversification of funding sources, including tapping into the Japanese market, to manage debt costs in a prolonged high-interest rate environment. #Growth #RealEstate #CapitalRecycling #Investment #Transformation #Business #Opportunities I The Business Times I Jessie Lim

According to a recent study conducted by the Vlerick Business School, Singapore (and South Korea) have topped the global list in consumer willingness to invest in brands committed to sustainability and inclusivity. As social media, and the internet continue to bring about a transformative shift in the drivers of brand perception, discover how embracing sustainable initiatives like solar are helping businesses boost brand perception against the backdrop of increasingly environmental conscious consumers. https://lnkd.in/gZpJcSca ?utm_source=Linkedin&utm_medium=Organic&utm_campaign=Social+Media&utm_id=Social+Media #SolarPower #SustainableBusiness #BrandBuilding #UnionEnergy

From the outset, The Ascott Limited's Lyf one-north Singapore was designed with sustainability at its core. Opened in 2022, this greenfield project quickly became a shining example of Ascott's commitment to building a greener Singapore. But achieving such high environmental standards required more than just good intentions. It needed cutting-edge technology and expertise. Who’s with us on this?🙋🏻🙋🏻♀️ We deployed EcoStruxure Building Operations to integrate energy consumption sources into a single, unified system, providing real-time insights into the property's performance. It's about making sure every watt of energy is used as efficiently as possible. "Through the incorporation of these technologies, we are seeing a projected reduction of energy costs by 10-20% annually." - Beh Siew Kim, Chief Financial & Sustainability Officer Scale your business: http://spr.ly/6040974XC #NextGenAutomation

🌱 𝐖𝐨𝐫𝐤𝐬𝐡𝐨𝐩: 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐞 𝐘𝐨𝐮𝐫 𝐒𝐜𝐨𝐩𝐞 1 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 2 𝐂𝐚𝐫𝐛𝐨𝐧 𝐅𝐨𝐨𝐭𝐩𝐫𝐢𝐧𝐭 𝐟𝐨𝐫 𝐅𝐑𝐄𝐄 𝐰𝐢𝐭𝐡 𝐏𝐞𝐫𝐬𝐞𝐟𝐨𝐧𝐢 📆 𝐃𝐚𝐭𝐞: 2 October 2024 🏢 𝐕𝐞𝐧𝐮𝐞: Enterprise Singapore - 230 Victoria Street #09-00 Bugis Junction Office Tower Singapore 188024 Join Us at the SUSTAINABILITY MARKETPLACE: Empowering Businesses for a Greener Future! In today’s competitive business environment, understanding and managing your carbon footprint is crucial for growth and sustainability. Persefoni invites you to join our exclusive, one-hour workshop tailored specifically for SMEs in Singapore. The event is targeted towards local companies within the Chemicals, Electronics and Transport & Logistics sector. 𝐖𝐨𝐫𝐤𝐬𝐡𝐨𝐩 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: • 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐭𝐨 𝐂𝐚𝐫𝐛𝐨𝐧 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠: Start with a 20-minute crash course on the basics of Carbon Accounting and its significance for your business. • 𝐇𝐚𝐧𝐝𝐬-𝐎𝐧 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐢𝐨𝐧: Learn how to calculate your company's Scope 1 and Scope 2 carbon emissions. We’ll teach you the process and provide you with a FREE online tool to do it yourself. 𝐖𝐡𝐲 𝐀𝐭𝐭𝐞𝐧𝐝? • 𝐈𝐧𝐬𝐭𝐚𝐧𝐭 𝐑𝐞𝐬𝐮𝐥𝐭𝐬: Walk away with your company’s carbon footprint numbers, setting the stage for sustainable growth. • 𝐒𝐭𝐚𝐲 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞: Meet the rising demand for carbon transparency, making your business eligible for more RFPs and new opportunities. • 𝐒𝐚𝐯𝐞 𝐂𝐨𝐬𝐭𝐬: Learn how to calculate your carbon footprint at no cost and uncover energy-saving opportunities. Don’t miss out on this chance to empower your business for a greener future. 𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐚𝐧𝐝 𝐬𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐬𝐩𝐨𝐭: https://lnkd.in/eeU9kAut And don’t forget to visit the Persefoni booth at the event to explore more about how we can support your journey toward sustainability. Empower your business for a greener future—start with your carbon footprint! #Persefoni #SustainableSMEs #CarbonAccounting #EcoFriendly #ClimateAction #SustainableGrowth