London real estate firm participates in energy efficiency competition

A London headquartered real estate is taking part in the UK-wide CUBE Competition, designed to help improve energy efficiency in commercial buildings.

Landsec has entered three of its buildings as part of the competition, including One New Change, 80-100 Victoria Street and New Street Square, all in London. The buildings are owned and managed by Landsec, who will collaborate with its occupiers, across a combined 1.5m sq ft.

Landsec’s involvement in the competition aligns with the announcement of its £135m net zero transition investment plan at the end of last year, set up to help the Group achieve its 2030 science-based target and drive its transition to net zero.

The nine-year investment plan supports Landsec’s decarbonisation plans through reducing operational energy use and moving to cleaner sources of energy.

Jennie Colville, head of ESG and sustainability at Landsec said: “Joining the CUBE competition is an important part of our commitment to reduce our carbon emissions.

“We’re keen to find new ways to drive forward change in the industry and support our customers, communities and stakeholders to transition to a low carbon world, which includes energy reduction in our commercial buildings.

“Through the CUBE competition, we hope to make energy management fun collaborating with our customers to take simple steps to reduce energy consumption.”

Kristin Marin, who runs the CUBE competition, added: “We’re excited to welcome Landsec to the competition. With its significant targets to reduce carbon emissions by 70 per cent by 2030, they’re serious about driving the property sector forward to respond to the climate crisis.

“Signing up three of its commercial buildings will show the significant gains that can be made via occupier and landlord collaboration and change in behaviour.”

Once the competition begins in March, the participants will be ranked monthly to decide which building has registered the largest energy reduction in percentage terms, measured against their own historic baseline of energy usage.

Top performers will be revealed alongside best practice tips and interviews with the green teams at the heart of the competition who are facilitating improved energy performance.