Logistics Capital Partners makes Real Estate ESG history

Logistics Capital Partners (LCP) makes Real Estate ESG history and sets new records by announcing the completion of the first Carbon Neutral logistics development in Continental Europe, and the subsequent sale.

LCP are also the first logistics developer to commercially market and sell a carbon neutral accredited warehouse, and by doing so set a further double record in Italy, as the largest ever single warehouse transaction, and highest ever price in the country.

The new building, which completed in August, totals 1,750,000 sq ft / 163,000 sq m and is pre let to Amazon. Construction Carbon has independently verified the carbon neutral status. The design and construction were assessed in accordance with the RICS Professional Statement ‘Whole Life Carbon Assessment for Built Environment’ (2017). This process calculates the embodied carbon emissions for the full lifecycle of the building. The upfront embodied carbon emissions for the materials and construction of the building were then determined and offset. High quality offsets were acquired via the Gold Standard, these provide additionality in line with the Oxford Offsetting principles.

As well as being carbon neutral at the point of practical completion, the project also has a BREEAM Excellent rating. 

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