Oxford Properties Turning Green Into Platinum
RBC WaterPark Place to Be First LEED Platinum Office Tower in Toronto
TORONTO, June 12, 2012 - Oxford Properties, the real estate arm of the OMERS Worldwide Group of Companies, today announced updated design plans to achieve LEEDŽ Platinum Core and Shell Certification for the new 930,000 square foot office development known as RBC WaterPark Place in downtown Toronto. This will be the first LEED Platinum office tower in Toronto.
Oxford and its investment partner CPP Investment Board (CPPIB), in collaboration with RBC, have committed to a leading state of the art sustainable design which will enable this project to achieve LEED Platinum, offering future tenants the opportunity to reside in one of the most advanced buildings in Canada. The LEEDŽ (Leadership in Energy and Environmental Design) program is based on a point system, and the Platinum accreditation requires an additional 20 points in energy savings over Gold, totaling 80 points, based upon a detailed criteria covering innovation in design, indoor environmental quality, water efficiency, and energy and atmosphere, among other categories.
"Oxford has consistently raised the bar on sustainability initiatives within our industry because we simply believe that good sustainability practices make good business sense! We take pride in operating and developing our towers to the highest standards and our commitment here is certainly no exception," said Blake Hutcheson, President and CEO, Oxford. "RBC WaterPark Place is a world class office project and Platinum status will be a win-win for RBC, the other third party tenants, the City and our investment stakeholders. We challenged our architects, WZMH, engineers, builders and colleagues to set the highest Green targets for a modern structure and this Platinum designation exemplifies this commitment."
In accordance with LEED Green Building Rating SystemŽ, RBC WaterPark Place will offer high performance and high efficiency features, including:
- Deep lake water cooling - lake water is used to cool the building - a leading North American sustainability practice;
- Dedicated outdoor air system - separating heating and cooling from ventilation for optimum amount of fresh air within the building, and optimum required energy to create a comfortable office environment;
- Vision glazing - more than half (53%) of the windows are installed with vision glazing glass to allow for bright open space and improved insulation;
- Best in class plumbing and lighting features - 4.8 litre single flush toilets and centralized lighting control strategy - the best in class available today.
"We are proud that RBC WaterPark Place will be Toronto's first LEED Platinum office tower, and of the commitment that RBC, Oxford and CPPIB have collectively made in delivering a top tier environmental and energy efficient building," said Linda Mantia, senior vice-president, Enterprise Services, RBC. "The road to LEED Platinum is about achieving the highest environmental standards while at the same time providing the best in class office space and efficiency for our team who will enjoy working in this building."
The building will be RBC's new national headquarters for its Canadian Banking business. RBC WaterPark Place is located between Bay and York Streets on the north side of Queens Quay Boulevard. Designed by WZMH Architects and constructed by Ellis Don, the development will be connected to the PATH system by a new elevated enclosed pedestrian bridge linked directly to the Air Canada Centre and Union Station.
RBC WaterPark Place construction is scheduled for completion in Q3 2014. In addition to the 575,000 square feet that RBC will occupy, there is 355,000 square feet being made available for other tenants in the high rise portion of the structure.
Oxford Properties Group is a global platform for real estate investment, development and management, with over 1,300 employees and approximately $20 billion of real assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford has regional offices in Toronto, London and New York, and the company's portfolio includes approximately 50 million square feet of office, retail, industrial, multi-family and hotel properties. Oxford is the real estate arm of the OMERS Worldwide Group of Companies. For more information about Oxford visit: www.oxfordproperties.com.
About Canada Pension Plan Investment Board
Canada Pension Plan Investment Board is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 18 million Canadian contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, inflation-linked bonds, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in London and Hong Kong, CPPIB is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2012, the CPP Fund totaled C$161.6 billion. For more information about CPPIB, please visit www.cppib.ca.
OMERS is one of Canada's largest pension funds with over $55 billion in net assets. It provides first-class pension administration and innovative products and services to over 420,000 members. Approximately one in every 20 employees working in the province of Ontario is an OMERS member. Through the OMERS Worldwide brand, our team of investment professionals uses a direct drive, active management investment strategy to invest in public and private market assets, including publicly-traded equities, fixed-income, infrastructure, private equity and real estate. For more information about OMERS, please visit www.omers.com, or www.omersworldwide.com.
Oxford Properties: Claire McIntyre, 416-350-4734
CPP Investment Board, Linda Sims, 416-868-8695
RBC, Caitlin Holwell, 416-974-2685