A Cadillac Fairview Press Release:
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December 10, 2007
The Cadillac Fairview Corporation Limited: RBC Centre Achieves Gold Standard for Going Green
Cadillac Fairview's RBC Centre is the first major office tower in Canada built to LEED Gold NC Standard
TORONTO, ONTARIO--(Marketwire - Dec. 10, 2007) - The Cadillac Fairview Corporation Limited officially announced today that the 1.2-million-sq.ft. RBC Centre in Toronto's financial district will be built to a Leadership in Energy and Environmental Design (LEED) Gold NC standard, as defined by The Canadian Green Building Council (CaGBC).
The LEED Green Building Rating System is the internationally-accepted measurement for sustainable sites, water efficiency, energy and atmosphere, materials and resources, and indoor environmental quality. The state-of- the-art technology employed by RBC Centre will set a new standard of quality, energy efficiency, and user comfort for triple-A office buildings in Canada.
"Cadillac Fairview is proud to be leading the real estate industry with a LEED Gold NC building. The NC designation is a comprehensive approach to environmental sustainability, where both the landlord and the tenant contribute to operating efficiencies, and all benefit from related savings. This will be the first major (more than 1 million square feet) triple-A office building to be built to LEED Gold NC standards in Canada", says Wayne Barwise, Senior VP, Office Development.
RBC Centre, scheduled to open in June, 2009 is a 43-storey, office building located on the southwest corner of Wellington and Simcoe Streets, across from Roy Thomson Hall. RBC and RBC Dexia together are the lead tenants and together will lease approximately half of the building.
"This is a very exciting development for us," said Chitwant Kohli, Vice-President, Corporate Real Estate, RBC. "The RBC Centre provides us with an opportunity to address our premises needs by providing a quality, energy efficient work environment for our employees. Further, its environmental standards will help to reduce our operational footprint, which is good business sense and is the smart thing to do."
Achieving LEED NC
To achieve LEED NC (New Construction) certification, both the base building and leased tenant spaces must comply with the requirements of the Green Rating System. By comparison, LEED CS (Core and Shell) certification limits the requirements of LEED components to only the landlord's base building and does not require compliance by tenant occupied spaces. Accordingly, an NC-certified building is "greener" and more energy efficient than a CS-certified building.
With LEED Gold NC, RBC Centre is estimated to achieve a 50% energy savings relative to buildings built to the Canadian National Energy Code.
RBC Centre incorporates state-of-the-art, energy efficient operating systems, including:
- Automated Systems for lighting, window blinds and light shelves
- Raised Floors for efficient HVAC, electrical and communications distribution.
- Curtain Wall with sun shades, operable windows and floor-to-ceiling insulated glass - 11'-3" high for greater natural light and fresh air.
- Water Collection and high-efficiency recycling systems
- Low-emitting Materials
- Enwave Deep Lake Water Cooling - Refrigeration requires 90% less energy than conventional systems.
- 100% Back-up Power - Bi-fuel emergency generators provide 100% power to all electrical systems
Consistent with Cadillac Fairview's proud history of environmental stewardship and its ongoing commitment to corporate social responsibility, RBC Centre is a model of state-of-the-art sustainable building in the commercial real estate industry that will prompt other developers to follow this important trend.
RBC Centre is sure to be one of the most prestigious addresses in Canada. Connected to the 53-storey Ritz-Carlton Hotel and Residences Toronto (which Cadillac Fairview jointly owns), it will be a gateway for major business in the downtown core. Just steps away from multiple eateries and shops, the building will also be fully accessible via Toronto's PATH system.
About The Cadillac Fairview Corporation Limited
The Cadillac Fairview Corporation Limited is one of North America's largest investors, owners and managers of commercial real estate. For more than 50 years Cadillac Fairview has been leading the way in commercial real estate with innovative design, development and management. Cadillac Fairview focuses on high quality office properties and regional shopping centres in Canada and the United States and oversees equity investments in real estate companies and international investment funds. With a portfolio valued at more than $15 billion, Cadillac Fairview and its affiliates own and manage 83 properties, including some of Canada's landmark developments such as Toronto-Dominion Centre, the Toronto Eaton Centre, Sherway Gardens, Carrefour Laval, Chinook Centre and Pacific Centre.
Cadillac Fairview is wholly-owned by the Ontario Teachers' Pension Plan, which invests to secure the retirement income of 271,000 active and retired teachers in Ontario.
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name of RBC. We are Canada's largest bank as measured by assets and market capitalization and one of North America's leading diversified financial services companies. We provide personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. We employ approximately 70,000 full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients throughout offices in Canada, the U.S. and 36 other countries. For more information, please visit www.rbc.com
For more information about RBC Centre please go to www.rbccentre.ca
To see RBC Centre - LEED Gold NC please check the following link: http://www.ccnmatthews.com/docs/CadillacRBC.pdf