The Healthcare of Ontario Pension Plan (HOOPP) recently showed off both one of its newest properties and its sustainability initiatives at its fourth annual Leadership in Environmental Advancement Program (LEAP) Awards ceremony.
HOOPP has $60.8 billion in assets, including $9 billion in real estate. Its Spectrum Square Mississauga development represents a 1.3-million-square-foot, LEED Gold office campus that currently includes more than 60,000 square feet of space dedicated to single-storey restaurants.
The six-storey, 134,000-square-foot office space hosted the awards presentation on its leased but not yet occupied second floor.
“We began moving toward a more sustainable real estate portfolio more than a decade ago, and in 2010 HOOPP launched a strategy to focus on 12 key aspects of sustainability in our buildings and committed to annual reporting on progress,” president and chief executive officer Jim Keohane told more than 100 people at the event.
“We launched these LEAP Awards to celebrate the successes across HOOPP’s approximately 130 property management teams to drive sustainability in our buildings through collaboration, friendly competition and continuous improvement.”
Spectrum Centre’s sustainability
The Sweeny &Co Architects Inc.-designed Spectrum Centre, which is being leased by JLL, was built with sustainability in mind.
This includes: being designed to be 45 per cent more efficient than what’s required in the building code; operable windows; 14-inch raised floor air conditioning with individual controls, where the raised floor also delivers all voice, data and electrical cables; non-VOC construction materials; daylight harvesting; windows offering greater natural light penetration; electric vehicle charging stations and reserved spaces for car-sharing services; and green space on campus to encourage outdoor eating and interaction.
Mississauga’s 18-kilometre, 12-station MiWay Bus Rapid Transit line, which is still under construction, will include a stop on site.
HOOPP acquired the land in November 2011 and developed the master site plan with the City of Mississauga. Mississauga mayor Bonnie Crombie, who disclosed she and HOOPP Real Estate senior portfolio manager Lisa Lafave carved their initials in cement on the office building’s roof, was on hand to talk about the city’s environmental stewardship and its “Living Green Master Plan.”
Mississauga’s environmental stewardship
“As a city, we’re in a much better position to speak authoritatively about behavioural changes if we’re setting an example of change ourselves,” she said. “By shining a light on our best practices, we can encourage others to take action and develop their own positive changes.”
The awards presentation followed a half-day conference with managers and senior personnel from companies that partner with HOOPP, and which focused on discussing portfolio sustainability objectives, trends, innovative ideas and future directions.
Environmentally friendly buildings reduce operating costs for tenants, which means they’re willing to pay more rent since overall occupancy costs are lower, according to Keohane.
“It’s a win-win-win situation,” he said. “HOOPP brings a higher return, the tenant reduces overall costs and our impact on the environment is reduced.”
HOOPP LEAP Award winners:
Before attendees sampled wares from already opened campus eateries Teriyaki Experience, Subway and Starbucks, Lafave presented LEAP Awards to:
* 130 Eileen Stubbs in Halifax, managed by East Port Properties, won for being the medium-sized commercial building with the lowest normalized energy intensity in the portfolio;
* The ATCO Centre in Edmonton, managed by Triovest, won for being the large commercial building with the lowest normalized energy intensity in the portfolio;
* 4711 Yonge Street in Toronto, managed by Menkes, was recognized as the commercial building with the greatest energy reduction between the two past years;
* 720 King Street in Toronto, managed by Triovest, was recognized as the commercial property with the best overall sustainability performance based on HOOPP’s 12 “Pillar Scorecard” indicators, including energy, water, waste, engagement, certifications and green procurement;
* Marlborough Mall in Calgary, managed by 20 VIC Management Inc., was recognized as the retail property manager that excelled at engaging tenants on sustainability;
* 5799 Route de l’Aeroport in Saint-Hubert, Que., managed by Triovest, was recognized as the industrial property manager that excelled at engaging tenants on sustainability and collecting key performance data from tenants;
* Procter & Gamble from 4711 Yonge Street in Toronto was honoured for being a commercial tenant that excelled at sustainability within its own organization and pushed landlords and other tenants to improve;
* Zodiac Aerospace from 18,107 Trans-Canada in Kirkland, Que. was honoured for being an industrial tenant that excelled at sustainability within its own organization and pushed landlords and other tenants to improve.;
* Coquitlam Centre in Coquitlam, B.C. was named the property management team that best displayed innovation in addressing sustainability at its property.