Vancouver, B.C., January 18, 2024: KingSett Capital, Crestpoint Real Estate Investments Ltd. (in joint venture with Vestcor Inc.) and Reliance Properties Ltd., co-owners of Arthur Erickson Place on West Georgia Street in downtown Vancouver, today announced that the iconic building has achieved the Zero Carbon Building – Performance (ZCB) Standard™ certification from the Canada Green Building Council (CAGBC). This certification marks an important milestone for the co-owners of Arthur Erickson Place, the building’s tenants, and the City of Vancouver as a meaningful step towards reaching their overall sustainability and net-zero goals.

Achieving ZCB Performance certification for Arthur Erickson Place demonstrates the building’s energy efficiency and the investment its co-owners have made to minimize carbon emissions from its operations. The three-year decarbonization process, which began in 2022, involved an innovative retrofitting of the 363,000 square-foot 26-storey commercial building. The process is expected to be complete in 2025, at which point Arthur Erickson Place will have reduced its carbon emissions by 97 per cent. 

Arthur Erickson Place’s new sustainable mechanical upgrades and features include optimized HVAC controls as well as new electric boilers, heat pumps, air handling units, a rooftop beehive installation to promote biodiversity and a spacious outdoor plaza. The achievement demonstrates the commitment by the building’s owners to create pathways to a net-zero future while creating a safe and healthy work environment for their tenants.

The decarbonization of Arthur Erickson Place will result in:

  • The reduction of carbon emissions from the building by 97% by 2025.
  • A 40% reduction in the building’s energy consumption.
  • The equivalent of removing approximately 140 gas-powered cars from the road each year.
  • Ensuring the building exceeds its individual requirement to meet the Global Paris Agreement’s goal of limiting the rise in global temperature to 1.5C.
  • Further validation of the business case for fuel switching and electrification in Canada.

Executive Commentary

“This achievement for Arthur Erickson Place is an important milestone in KingSett’s decarbonization program. It strengthens a key asset in our portfolio and advances our value enhancement strategy. In collaboration with our partners, we continue to demonstrate that complex, deep carbon retrofits of iconic buildings like Arthur Erickson Place and the Royal York Hotel can be done in a way that is economically viable and environmentally impactful.”

Rob Kumer, CEO, KingSett Capital

“Earning the ZCB Performance Standard certificate for Arthur Erickson Place demonstrates Crestpoint’s commitment to improving the communities in which we live, invest and operate.  Retrofitting AEP took tremendous creativity and innovation. We’re excited to share this success with our partners, tenants and with the City of Vancouver, which is an important market for Crestpoint.”

Kevin Leon, CEO, Crestpoint Real Estate Investments Ltd.

“This project is particularly special to Reliance Properties because we’ve called Vancouver home for over 50 years and are constantly striving to enhance the tenant experience.  Attaining Zero Carbon Building Performance certification for this building contributes to the health and well-being of our tenants and towards a sustainable future, which is something we are incredibly proud of.”

Jon Stovell, President, Reliance Properties Ltd.

About KingSett Capital

Founded in 2002, KingSett Capital is a leading Canadian private equity real estate firm that co-invests with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. KingSett manages $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies.

In recognition of its commitment to sustainability, KingSett was ranked #1 globally in the 2023 Global Real Estate Sustainability Benchmark (GRESB) Survey for Development in its Residential Non-Listed peer-group and 2nd in the North America Diversified Office/Residential Non-listed peer-group for Standing Investments. As a leader in the industry, KingSett remains dedicated to moving the real estate sector forward and seeking new investment opportunities in a wide range of real estate properties, developments, joint ventures, and mortgage lending.

About Crestpoint Real Estate Investments Ltd.

Crestpoint is a real estate investment and asset management firm founded in 2011 with over $9.9 billion in assets under management. The Crestpoint team is comprised of over 40 real estate investment professionals based in our head office in Toronto. With properties located from coast to coast in Canada, Crestpoint’s current portfolio is comprised of over 320 buildings and over 35 million square feet with exposure to the office, industrial, retail and multi-family sectors.

Crestpoint is an affiliate of the Connor, Clark & Lunn Financial Group Ltd. (“CCLFG”), a multi-boutique investment manager that provides a broad range of traditional and alternative investment products and services to individuals, advisors and institutional investors. Today, CCLFG and its affiliates, including Crestpoint, collectively manage over $110 billion in assets and have close to 700 employees.

About Reliance Properties Ltd.

Reliance Properties Ltd. is focused on enhancing the urban experience in Vancouver through creative solutions to development challenges.

Reliance Properties is a privately owned company that has been contributing to Vancouver’s architectural heritage for more than fifty years. From Coal Harbour luxury to award-winning heritage restorations, Reliance continues to create innovative residential and office developments designed to enhance the urban experience.

Reliance provides proactive management and maintenance for all its properties and provides in-house leasing, maintenance, architectural and tenant improvement services. The company focuses on developing long-term tenant relationships and today, many Reliance tenants have been with the firm for over thirty years.

-30-

For more information, please contact:

Trina Hiscock, [email protected]

(416) 669-8105

Toronto, ON; January 16, 2024 – KingSett Capital, together with its project team BDP Quadrangle and Reliance Construction Group, is pleased to announce that construction has officially begun on Valhalla Village, an affordable housing development located at Bloor and The East Mall in Toronto. Valhalla Village will be the first ground-up, purpose-built housing development for the KingSett Affordable Housing Fund. Phase 1 of the development will comprise a total of 494 units, including 172 affordable units. Initial occupancy for Phase 1 of Valhalla Village is expected in the third quarter of 2026.

“Breaking ground at Valhalla Village is a critical first step in KingSett’s ambitious goal of developing a portfolio of affordable housing that leads the industry in terms of depth, product design, and sustainability,” said Jeff Thomas, Group Head, Development at KingSett Capital. “The location and scale of Valhalla Village presents a compelling opportunity to create purpose-built affordable housing at a critical time for the local community. We are very excited to be moving ahead with this extraordinary development.”   

Valhalla Village is designed to be net-zero carbon through geothermal heating and is on track to achieve the Canada Green Building Council’s Zero Carbon Building – Design (ZCB) Standard™ certification in 2024.  The project will participate in the new WiredScore Multi-Residential Certification Program. The site, which will also include a community agency space and public park, is zoned to allow for a second phase to be constructed at a later date.

KingSett has secured construction financing through the federal government’s Apartment Construction Loan program, previously known as the Rental Construction Financing Initiative (RCFi). Through the City of Toronto’s Open Door program, Toronto City Council approved financial incentives, such as property tax and development charge exemptions and permit fee waivers, to support affordable housing at this site.

BDP Quadrangle is the lead architect for Valhalla Village. Reliance Construction Group will lead the construction of the project, and Purpose Building Inc. provided sustainable design services to the development.

About the KingSett Affordable Housing Fund

The KingSett Affordable Housing Fund LP’s strategy is to invest in projects that deliver high quality affordable housing within Canada’s core rental markets. The goal of the Fund is to provide stable risk weighted returns while delivering high quality affordable housing within Canada’s core rental markets. The Fund will participate in joint ventures, ground up development, financing initiatives and other structures to address the escalating issue of housing affordability in Canada.

About KingSett Capital

Founded in 2002, KingSett Capital is a leading Canadian private equity real estate firm that co-invests with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. KingSett manages $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies.

In recognition of its commitment to sustainability, KingSett was ranked #1 globally in the 2023 Global Real Estate Sustainability Benchmark (GRESB) Survey for Development in its Residential Non-Listed peer-group and 2nd in the North America Diversified Office/Residential Non-listed peer-group for Standing Investments. As a leader in the industry, KingSett remains dedicated to moving the real estate sector forward and seeking new investment opportunities in a wide range of real estate properties, developments, joint ventures, and mortgage lending.

##

For more information, please contact:

David Ryan

Edelman Smithfield

[email protected]

(416) 455-1927

December 12, 2023 – KingSett Capital’s Vice President of Sustainability and Resilience, Kit Milnes participated in COP28, the annual UN global climate summit, which concludes this week in Dubai. KingSett is advancing a multi-year decarbonization plan for its existing properties and has set a goal to eliminate 35% of carbon emissions in its core fund by 2027. To date, KingSett has decarbonized and achieved the Canada Green Building Council’s (CAGBC’s) Zero Carbon Building – Performance StandardTM certification across over 2 million sq ft of office space and completed the decarbonization of the Fairmont Royal York. This will eliminate over 7,000 tonnes of carbon emissions from the hotel annually.

“We are driven by the opportunities and innovation ESG integration presents in real estate,” said Milnes. “We believe our ESG leadership is a competitive advantage and a true value creator. By incorporating this into our decision-making processes, we create value economically, ethically, socially and environmentally.”

While in Dubai, Milnes took part in the Reuters COP28 Leadership Interview series to discuss how KingSett is creating value for all stakeholders by advancing its decarbonization program. To watch the interview and learn more, visit https://www.reuters.com/plus/acumen-stories/cop-28/kingsett-capital

About KingSett Capital

Founded in 2002, KingSett Capital is a leading Canadian private equity real estate firm that co-invests with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. KingSett manages over $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies.

In recognition of its commitment to sustainability, KingSett was ranked #1 globally in the 2023 Global Real Estate Sustainability Benchmark (GRESB) Survey for Development in its Residential Non-Listed peer-group and 2nd in the North America Diversified Office/Residential Non-listed for Standing Investments. As a leader in the industry, KingSett remains dedicated to moving the real estate sector forward and seeking new investment opportunities in a wide range of real estate properties, developments, joint ventures, and mortgage lending.

##

Toronto, ON; November 27, 2023 – KingSett Capital Inc. announced today that Jon Love will become Executive Chair of the firm and Rob Kumer will be elevated to Chief Executive Officer, effective January 1st, 2024. As Executive Chair and KingSett’s majority owner, Mr. Love will maintain oversight and responsibility for KingSett, guide the firm’s strategy, and serve on the KingSett fund boards. As CEO, Mr. Kumer will be responsible for executive management, working with Mr. Love to establish KingSett’s strategy and drive results for the firm’s funds. Mr. Kumer will continue to serve as Chair of KingSett’s Management and Investment Committees.

“This transition formalizes the expanded leadership role Rob has played so well over the last several years and marks the culmination of a well-planned, multi-year leadership succession at the firm,” said Mr. Love. “KingSett has assembled a management committee and team of professionals that bring extraordinary depth of experience and cross-platform expertise. They are ready to lead KingSett forward into the next decade, focusing on our core mandate – delivering sustainable premium risk weighted returns for our investors.”

“I am grateful for the opportunity to serve as KingSett’s CEO and help lead the firm into the next phase of its growth and investor performance,” said Mr. Kumer. “I will be focused on maintaining KingSett’s strong culture and values, which have been fundamental to our success. I want to thank Jon for the trust he has shown in me, and I want to thank our investors and board members, and our valued partners for the confidence they continue to show in KingSett.”

As part of this transition, Colin Baryliuk will join the firm’s Management Committee and assume the role of Chief Investment Officer previously held by Mr. Kumer. Mr. Baryliuk joined KingSett in 2008 and has held increasingly senior roles over time, including most recently Group Head, Property Investments. Mr. Baryliuk will be responsible for day-to-day management of the Investments team including allocation of team resources and oversight of investment underwriting, transaction negotiation and due diligence.

Additionally, Scott Coates, who joined KingSett in 2006, will be elevated to President, KingSett Mortgage Corp., an evolution in title that reflects his central role and his success in building and leading the firm’s national commercial and residential mortgage lending business, a key component of the KingSett Capital platform.

The changes to Mr. Baryliuk and Mr. Coates’ roles also take effect January 1, 2024.

Mr. Kumer joined KingSett in 2004 as an analyst. He has assumed increasingly senior roles over the years including Chief Investment officer and Chair of KingSett’s Investment Committee in 2018. He was appointed President and Chair of the firm’s Management Committee in 2021. As the firm’s President and CIO, he has had responsibility for guiding and executing KingSett’s investment strategy and leading the Investments team which sources, underwrites and structures investment transactions for KingSett’s various Fund strategies. In addition, Mr. Kumer provides oversight of KingSett’s mortgage lending business and serves as Fund Manager for KingSett’s Growth Funds and Urban Fund.

Mr. Kumer holds a degree in Honours Business Administration from the Ivey Business School at Western University, where he is now a member of the school’s Advisory Board.  Mr. Kumer also serves as Vice-Chair of the Board of the Sinai Health System Foundation.

About KingSett Capital

Founded in 2002, KingSett Capital is a leading Canadian private equity real estate firm that co-invests with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. KingSett manages over $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies.

In recognition of its commitment to sustainability, KingSett was ranked #1 globally in the 2023 Global Real Estate Sustainability Benchmark (GRESB) Survey for Development in its Residential Non-Listed peer-group and 2nd in the North America Diversified Office/Residential Non-listed for Standing Investments. As a leader in the industry, KingSett remains dedicated to moving the real estate sector forward and seeking new investment opportunities in a wide range of real estate properties, developments, joint ventures, and mortgage lending.

## 

For more information, please contact:

David Ryan
Edelman Smithfield
(416) 455-1927 or [email protected]

Hotel Exterior Sunset

Led by KingSett Capital, the transformative project provides a roadmap for completing innovative, complex and financially viable hotel deep carbon retrofits

Toronto, ON – KingSett Capital and Fairmont Royal York announced today that the landmark hotel in Toronto, ON has received the Canada Green Building Council’s (CAGBC’s) Zero Carbon Building – Performance StandardTM certification. This $65 million project was completed after close to five years of detailed planning and execution.  It will reduce over 7,000 tonnes of carbon annually or 80% of the hotel’s annual carbon emissions, the equivalent of taking 1,558 cars off the road.

Jon Love, Founder and CEO of KingSett Capital, said, “Fairmont Royal York’s decarbonization demonstrates the potential to complete a large and complex project in a way that is environmentally impactful, socially responsible and economically viable. It is a compelling example of what can be accomplished through collaboration, innovation and creativity. For KingSett, this investment highlights how decarbonization can strengthen a key asset in our portfolio as part of our sustainability and value enhancement strategy.”

“This complex project would not have been possible without our strong partnership with Fairmont Hotels & Resorts, the Canada Infrastructure Bank (CIB), PCL Construction, and Enwave Energy Corporation,” added Mr. Love.

Edwin Frizzell, Regional Vice President, Central Canada and General Manager, Fairmont Royal York, said, “Fairmont Royal York achieving zero carbon certification is another transformative step in repositioning this unique icon in Toronto’s downtown core. Decarbonizing a 94-year-old heritage building and retrofitting the hotel’s energy systems to be highly energy efficient was a complex challenge. We’ve proven that it can be done.”

“Our valued clients and partners with similar corporate sustainability objectives will benefit from access to hotel rooms and meeting and event spaces aligned with our focus on creating genuine experiences and implementing long-term sustainability actions that deliver results,” added Mr. Frizzell.

This decarbonization project represents the largest heritage hotel retrofit of its kind within the Fairmont global brand portfolio and offers a definitive roadmap for creating sustainable energy sources for similar properties.

With its unparalleled location in Toronto’s financial district and close proximity to Union Station, the hotel’s decarbonization initiatives make it the ideal partner for both leisure travellers and major businesses to align their sustainability goals when booking conferences, events, and guest room accommodations. As a destination committed to the local community, Fairmont Royal York employs over 1,200 colleagues and hosts 1.5 million guests annually, while championing the global brand’s sustainability efforts for diversity, equity and inclusion.

In addition to achieving the CAGBC Zero Carbon Building – Performance Standard certification, the hotel has a broad range of other sustainability initiatives. These include eliminating single-use plastics for guests, reducing food waste with AI technology and donation partners, and supporting the local ecosystem with 500,000 honeybees from the hotel’s rooftop garden and apiary. These initiatives complement recent renovations to Fairmont Royal York’s lobby, guestrooms, Fairmont Gold offering, award-winning dining venues and event spaces and enhance this destination’s global consumer appeal as a world-class luxury hotel in Canada’s financial centre.

Fairmont Royal York achieving the annual CAGBC Zero Carbon Building – Performance Standard certification demonstrates how partnership between the private and public sectors can meaningfully accelerate action towards meeting Canada’s carbon reduction commitments. The project was supported by the CIB’s Building Retrofits Initiative, which provided $46.5 million in debt financing.

The Zero Carbon project advances KingSett’s sustainability strategy and leadership in the Canadian real estate market while adding strength and resilience to one of KingSett’s key assets. It adds to KingSett’s broader decarbonization strategy of decarbonizing over 5.4 million square feet of Canadian real estate, reducing 35% of carbon emissions over 2019 baseline by 2027 in its core fund.

Additional Detail

  • The Fairmont Royal York decarbonization project will remove over 165,000 tonnes of carbon emissions from execution in 2023 to 2050.
  • The reduction of carbon emissions will generate over 35% of utility savings in the first year.
  • All spending and project impacts were independently verified through the CAGBC’s Investor Ready Energy Efficiency (IREE) certification program.
  • All carbon emission reductions will be independently monitored and verified annually by a third party as required by CIB and CAGBC.
  • The building’s path to the CAGBC’s Zero Carbon Building – Performance Standard certification was achieved by:
    • Detailed study and analysis of building energy load, seeking to effect meaningful efficiencies,
    • Converting heating and domestic hot water from steam to electric heat pumps that utilize heat recovery from Enwave’s district energy network,
    • Converting cooling from electrical/chillers to Enwave’s Deep Lake Water Cooling system, and
    • Significantly improving energy efficiency with a centralized building automation system and smart technologies. 
  • The project has employed over 70,000 hours of labour, creating valuable job opportunities for skilled workers and showing how environmental responsibility and economic benefits can work hand in hand.

Media: Photo and Interview Opportunity Details

KingSett and Fairmont Royal York will be joined by representatives from CAGBC and several levels of government to recognize the receipt of the CAGBC’s Zero Carbon Building – Performance Standard certification. This will include prepared remarks and a photo opportunity. The event will begin sharply at 10:00am ET at Fairmont Royal York. Interview opportunities will follow the event. 

About KingSett Capital

Founded in 2002, KingSett Capital is a leading Canadian private equity real estate firm that co-invests with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. KingSett manages $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies.

In recognition of its commitment to sustainability, KingSett was ranked #1 globally in the 2023 Global Real Estate Sustainability Benchmark (GRESB) Survey for Development in its Residential Non-Listed peer-group and 2nd in the North America Diversified Office/Residential Non-listed for Standing Investments. As a leader in the industry, KingSett remains dedicated to moving the real estate sector forward and seeking new investment opportunities in a wide range of real estate properties, developments, joint ventures, and mortgage lending.

About Fairmont Royal York

Timeless and iconic for 94 years, Fairmont Royal York celebrates a new era as Toronto’s landmark hotel. The stunning modern Art-Deco renovations to the grand lobby and new dining venues create an impressive welcome for guests. With contemporary railway-inspired design, CLOCKWORK Champagne & Cocktails hosts a bubbly cocktail offering with tasteful metropolitan fare. REIGN features three elevated dining experiences, as REIGN Restaurant showcases the bounty of Canada’s rich landscape, and REIGN Bar toasts to Toronto’s Jazz-Age revival with a prestigious wine list and live entertainment, while REIGN Bakery creates a charming morning ritual with artisanal-roasted coffee and freshly baked goods. Renowned as the city’s cocktail den, the legendary Library Bar serves the Birdbath Martini crafted as a masterpiece. A refined oasis, Fairmont Gold is a boutique getaway featuring elegantly appointed suites, premium services, and an exclusive 18th floor lounge. Fairmont Royal York is the city’s destination for glamorous wedding celebrations and inspiring events – embracing a legacy that is famous for generations.

##

For more information, please contact:

KingSett Capital
Albert Gunnison
Edelman Smithfield
[email protected]
(647) 245-7669

Fairmont Royal York
Jennifer Séguin
Director of Marketing & Public Relations
Fairmont Royal York
[email protected]
(416) 458-0412

KingSett is pleased to share its Global Resal Estate Sustainability Benchmark 2023 results for our $5B core income fund.:

  • 2nd in the North America Diversified Office/Residential/Non-listed sector for our Standing Investments
  • 1st and Global Sector Leader in the Residential/Non-listed/Core sector for the Development Benchmark

KingSett remains on track to reducing carbon emissions by 35% of baseline across this portfolio by 2027, with two office properties receiving their CAGBC | Canada Green Building Council Zero Carbon Performance Standard Certification this year, taking our net zero carbon footprint to over 2.1M square feet.

ABOUT GRESB

GRESB (Global Real Estate Sustainability Benchmark Report) is the global industry standard for ESG benchmarking. It assesses and compares the management attributes and performance across real estate companies (public, private and direct) globally. GRESB collects information on material ESG issues aligned with what investors and the industry care about. In 2023, over 2,000 property companies, REITs, funds, and developers with USD 7.2 trillion in assets participated, covering 170,000+ assets across 75 countries.

ABOUT KINGSETT CAPITAL

Founded in 2002, KingSett Capital is a leading Canadian private equity real estate firm that co-invests with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. KingSett manages $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies.

Scotia Plaza’s 40 King Street West has achieved SmartScore Gold Certification, making it one of the smartest places to work in the world. This certification demonstrates the building’s cutting-edge innovation through the use of market-leading technology, processes, and automation to deliver world-class service to all users of the building.

40 King Street West is located in the financial district of Toronto, Canada. The building achieved this certification through a range of initiatives which include the implementation of a smart building strategy, the deployment of a tenant engagement app, and the establishment of a stringent cybersecurity policy. Moreover, the installation of a smart technology foundation (base building network) has also allowed for rapid deployment of new connected devices and systems.

The achievement of SmartScore Gold Certification at Scotia Plaza’s 40 King Street West reflects KingSett’s commitment to innovation and sustainability in its portfolio. It showcases the potential of smart buildings to create highly sustainable, inspirational, cost-efficient, and future-proof spaces for the benefit of all building users.

About SmartScore

SmartScore is a globally recognized smart building certification developed by WiredScore. It is the global standard for smart buildings and helps landlords and developers build cutting-edge smart buildings that deliver exceptional user experiences, drive cost efficiency, meet high standards of sustainability, and are fully future-ready. The SmartScore certification has four levels, and buildings that meet the strict criteria for reliable, secure, and future-ready in-building technology are awarded one of these levels to reflect their excellence.

About KingSett Capital

KingSett Capital is a pioneer in the Canadian private equity real estate industry, co-investing with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. With over $17 billion in assets under management and a $19 billion portfolio, KingSett has a proven track record of success, having raised $15.4 billion in equity for its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies since its founding in 2002.

In recognition of its commitment to sustainability, KingSett was the sole Canadian entity ranked #1 globally in the 2022 Global Real Estate Sustainability Benchmark (GRESB) Survey for both Standing Investment and New Developments. As a leader in the industry, KingSett remains dedicated to moving the real estate sector forward and seeking new investment opportunities in a wide range of real estate properties, developments, joint ventures, and mortgage lending.

WiredScore, the company setting the global standard for technology in the built world, has today announced 39 global landlords and KingSett Capital is proud to be listed. 

Technology is a core part of KingSett’s strategy, and we are committed to delivering a best-in-class, technology-enabled experience across our buildings, today and in the future. The future is smart, and smart buildings help us deliver superior technology integration while achieving operational efficiency.

As the first Canadian landlord to commit to WiredScore Portfolio, KingSett has certified over 6 million square feet of office space in Canada, with an additional 5 buildings committed to certification and all future developments are committed to targeting the same certification.  

We believe this certification provides a number of tangible benefits as we look to make our portfolio future-ready with technological infrastructure that will create dynamic and resilient spaces. In addition, this certification provides us with the dedicated tools to measure, improve and promote connectivity performance in a clear, efficient and impactful manner.

Arie Barendrecht, Founder and CEO, WiredScore, commented:

“If the last few years have taught us anything, it’s that we have all come to expect best-in-class levels of connectivity in our buildings, enabling a seamless transition between the home, office and back again. As a result, we have seen first-hand just how technology is fast becoming a core pillar of how our clients are delivering their portfolios. Yet the macro environment and the pace of change of technology means it’s never been more challenging to create tech-enabled spaces.

We are therefore proud to be working with some of the world’s most forward-looking landlords and developers who not only understand the benefits of a technology-first approach in their real estate, but are constantly improving it to create a first-class experience for their building users. By implementing sound digital infrastructure as a minimum requirement across their portfolios, our clients are not only creating dynamic and resilient spaces people really want to be in, but they are sustainably future-proofing their buildings for generations to come.”

About WiredScore Portfolio 

The Portfolio award is given to landlords and developers who have committed to delivering a best-in-class, technology-enabled experience across a significant portion of their portfolio, now and in the future. 

WiredScore Portfolio brings with it a number of tangible benefits for landlords looking to make their portfolio future-ready with technological infrastructure that will meet evolving needs of occupiers. In addition, it provides clients with dedicated tools to measure, improve and promote the connectivity performance in a clear, efficient and impactful manner. 

About KingSett Capital

KingSett Capital is a pioneer in the Canadian private equity real estate industry, co-investing with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. With over $17 billion in assets under management and a $19 billion portfolio, KingSett has a proven track record of success, having raised $15.4 billion in equity for its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies since its founding in 2002.

In recognition of its commitment to sustainability, KingSett was the sole Canadian entity ranked #1 globally in the 2022 Global Real Estate Sustainability Benchmark (GRESB) Survey for both Standing Investment and New Developments. As a leader in the industry, KingSett remains dedicated to moving the real estate sector forward and seeking new investment opportunities in a wide range of real estate properties, developments, joint ventures, and mortgage lending.

Toronto, ON – KingSett Capital’s Scotia Plaza building at 100 Yonge Street in downtown Toronto has achieved the prestigious Zero Carbon Building – Performance Standard. This marks a major milestone in KingSett Capital’s Three-Phase Decarbonization Strategy as we work towards our decarbonization goal of 35% of carbon emissions across our CREIF portfolio by 2027.

100 Yonge is a Class “A” office building with 275k sf of space and is the second building in our portfolio after 40 King Street West to receive this certification.

KingSett’s Decarbonization Strategy has included replacing end-of-life boilers and chillers, upgrading air handlers with heat recovery, and installing air source heat pumps to replace the existing heating plant.

Thanks to these efforts, we will eliminate 549 tonnes of carbon emissions annually – a 76% reduction – equivalent to removing 118 passenger vehicles from the road. These results exceed the Carbon Risk Real Estate Monitor (CRREM) guidelines for Canadian office building emissions by 2050, which are aligned with the Paris Climate Agreement and Science Based Targets Initiative (SBTi).

KingSett Will Eliminate 30 Times More Carbon Emissions

The Decarbonization Strategy for our CREIF portfolio and the Royal York Hotel will eliminate over 10,000 tonnes and 7,700 tonnes, respectively, of carbon emissions prior to purchasing carbon offsets, once executed. Focused on building resilience throughout our portfolio, we are proud to be a leader in sustainability and responsible real estate investing. Join us in our mission to drive positive change and set an example in the real estate industry.

About the Zero Carbon Building – Performance Standard v2 Certification

The Zero Carbon Building – Performance Standard is a framework for verifying zero carbon operations of existing buildings. Zero carbon buildings represent the industry’s best opportunity for cost-effective emissions reductions that spur design, building materials and technology innovation, creating jobs and business opportunities. The second iteration of the standard introduces greater rigour while increasing flexibility to support the goal of transforming all buildings to be zero carbon.

About KingSett Capital

KingSett Capital is a pioneer in the Canadian private equity real estate industry, co-investing with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. With over $17 billion in assets under management and a $19 billion portfolio, KingSett has a proven track record of success, having raised $15.4 billion in equity for its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies since its founding in 2002.

In recognition of its commitment to sustainability, KingSett was the sole Canadian entity ranked #1 globally in the 2022 Global Real Estate Sustainability Benchmark (GRESB) Survey for both Standing Investment and New Developments. As a leader in the industry, KingSett remains dedicated to moving the real estate sector forward and seeking new investment opportunities in a wide range of real estate properties, developments, joint ventures, and mortgage lending.

#1 GLOBAL RANKING IN 2022 GLOBAL REAL ESTATE SUSTAINABILITY BENCHMARK (GRESB) SURVEY

Toronto, ON – KingSett Capital is pleased to announce that it has achieved global leader recognition in the 2022 Global Real Estate Sustainability Benchmark (GRESB) Assessment for the second year in a row. In the GRESB report released October 18, 2022, KingSett ranked first in North America and first globally, advancing the firm’s ESG leadership status in real estate. 

“KIngSett has been a proud participant in the GRESB Survey since 2015, and we continue to lead the commercial real estate market and out-perform our previous achievements,” said Jon Love, CEO of KingSett Capital. “We are grateful to our people, partners and customers who helped make this achievement possible. We are committed to our ESG strategy and continue to expand our efforts and ambitions, seeking to make an impact and build long-term value for all our stakeholders and communities.”

In the 2022 GRESB report, KingSett achieved a Five Star Rating for the fifth year in a row; KingSett ranked first in its peer group for the third year in a row; and it ranked first globally within its peer group of non-listed core funds for the second year in a row. KingSett also ranked first in Canada and first across the Americas in the Developments Benchmark, leading all companies who participated in the benchmark in these regions. 

A copy of the 2022 GRESB report is available at www.gresb.com.

KingSett Capital ranked 1st Globally: DIVERSIFIED
OFFICE | RESIDENTIAL | NON-LISTED | CORE

KingSett Capital 1st in its Regional Sector: DIVERSIFIED
OFFICE | RESIDENTIAL | AMERICAS

KIngSett Capital 1st in its Peer Group
OFFICE | RESIDENTIAL | CORE

ABOUT GRESB

GRESB (Global Real Estate Sustainability Benchmark Report) is the global industry standard for ESG benchmarking. It assesses and compares the management attributes and performance across real estate companies (public, private and direct) globally. GRESB collects information on material ESG issues aligned with what investors and the industry care about. In 2022, GRESB represented over 1,820 funds/firms reporting on US $8.6 trillion AUM.

About KingSett Capital

KingSett Capital is Canada’s leading private equity real estate investment firm.  Founded in 2002, KingSett has raised $15.4 billion of equity for its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies, executing over $50 billion in transactions life to date. Currently, KingSett has $17 billion of assets under management in a $20 billion portfolio. KingSett continues to seek to further invest in decarbonization strategies for all of its properties, looking to enhance resilience and sustainability.