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GIC worked with British Land, a partner which has successfully demonstrated the important role developers play in supporting global decarbonisation goals. Since 2014, when GIC acquired a stake in the Broadgate Estate, GIC has advised in a joint venture with British Land on the evaluation of new developments, major value-add opportunities and placemaking initiatives on the Estate.
In November 2020, the joint venture delivered its first net zero carbon building, 100 Liverpool Street (100LPS), which was awarded with an ‘Outstanding’ BREEAM certification and ‘Platinum’ Wired Score. In addition, 100LPS won City of London Building of the Year 2021, an award by the Worshipful Company of Chartered Architects.
100LPS was developed with sustainability in mind, and today provides a model for sustainable, low carbon development. To keep embodied carbon low, 100LPS’ design retained or reused 50% of the building’s existing structure, such as the steel frame, foundations and concrete. To optimise the completed building’s operational efficiency, smart systems were installed to monitor real-time building performance, water recycling systems were built to use rainwater/greywater to meet 40% of water demand, and 100% of electricity and gas will be supplied by renewable sources. Residual emissions were offset through nature-based solutions including land restoration and afforestation projects in Tibet, Mexico, Cumbria and Scotland.
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