31 August 2010
When Prologis signed a build-to-suit agreement with the Co-operative Group (Co-op) for a 503,000 sq ft distribution centre at Prologis M8, it was the largest pre-let deal ever achieved in Scotland and the biggest UK pre-let of 2009. Now that the building is complete, its record-breaking career continues with the award of an EPC 'A' 8 rating (equivalent to a CO2 index 20 under the English system). This is the lowest – and therefore the best – EPC rating that Prologis has achieved to date.
This means that the energy costs of the new Co-op building will be 56% lower than those of a benchmark new build of the same size rated EPC 'B'18 (equivalent to a CO2 index 48 under the English system) and 80% less than those of an existing building (EPC 'E' CO2 index 102 under the English system). Along with the EPC 'A' 8 rating, the facility is expected to achieve BREEAM 'Excellent' accreditation, while the structure and fabric of the building is embodied carbon neutral.
These achievements will not only benefit the Co-op, but also Canada Life Ltd the building's new owner. Realising that the building would be a sound long-term investment, Canada Life made a forward commitment to buy the building on completion at the same time as Prologis agreed the pre-let with the Co-op. As Michael White, investment director at Canada Life said:
"Prologis has an impeccable reputation for its high quality, energy efficient design and development. We therefore committed to this project early on and we are delighted to add the facility to our growing portfolio".
To read the full Co-op/Canada Life case study, click here.
