UKCPT owned properties achieve environmental standard

31 December 2012

Five shopping centres and a leisure complex awarded ISO 14001 certification

UK Commercial Property Trust Limited, advised by Ignis Asset Management, announces that, in line with its strategy of optimising the efficiency of its properties and avoiding obsolescence in its portfolio, it has implemented a programme of sustainability initiatives resulting in five of its shopping centre assets located in Shrewsbury, Weston and Swindon and also the Rotunda leisure complex in Kingston Upon Thames being awarded the ISO 14001 certification.

ISO 14001 is an internationally accepted standard that outlines how to put an effective environmental management system in place. It is designed to help businesses remain commercially successful without overlooking environmental responsibilities. The certification underlines UKCPT’s commitment to reducing the impact of its properties on the environment, and to meeting investors’ and consumers’ increasingly high expectations of corporate responsibility.

Specific initiatives undertaken to improve sustainability practices include rainwater harvesting in Weston, which paid for itself in 24 months through the reduction of bills, and increased recycling in Kingston and Swinon. Voltage optimisation is already in use at Weston and this will be rolled out accross the remaining Centres, to minimise energy consumption, in 2013.

David Rodger, Portfolio Manager at Ignis Asset Management, commented:

“The award of the ISO 14001 certification is a great endorsement of our hard work to minimise utility consumption and waste generation across our portfolio, which, as well as helping the environment, has resulted in greater efficiency and reduced costs.”

Enquiries
David Rodger, Ignis Investment Services Limited
Tel: 0141 222 8000

Stephanie Highett/Richard Sunderland/Will Henderson, FTI Consulting
Tel: 020 7831 3113