Aviva Investors will be refurbishing 30 Golden Square as part of its commitment to achieving net zero across the entirety of its £47 billion Real Assets business by 2040.
The project is being undertaken as part of Aviva’s existing partnership with the PSP Investments, one of Canada’s largest pension investment managers.
The work at 30 Golden Square will be led by contractor Structure Tone and will see the property refurbished to offer 40,000 sq ft of office space, with sustainability kept top of mind throughout the process. The refurbishment will target a BREEAM ‘Excellent’ rating.
James Stevens, Head of Investment, Global Real Estate, at Aviva Investors, commented: “It is vitally important that existing buildings are refurbished and renovated in order to reduce their carbon reliance and intensity, with these assets forming a significant portion of total emissions in the UK. The work we are undertaking at 30 Golden Square will rejuvenate the asset, whilst also making it more in keeping with the transition towards a low-carbon future. We see this as a win-win situation, with occupiers benefitting from better energy efficiencies and therefore lower costs, whilst our investors gain from a reduction in the carbon footprint of their real estate portfolio.”
Stéphane Jalbert, Managing Director, Head of Asia-Pacific and Europe, Real Estate Investments, PSP Investments, added: “As we continue to build our global sustainable portfolio, PSP Investments aims to seize investment opportunities that support the transition to a low-carbon future. Our partnership with Aviva Investors, continues our strategy of investing in dynamic markets and we are pleased to enhance the sustainability of 30 Golden Square by improving building performance and assessing alignment with relevant sector decarbonization pathways.”
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