Bloom is to develop what it describes as two of the first industrial developments in the UK which align with the Paris Agreement on climate change.
The urban industrial development specialist will develop projects in Greenwich and Camberwell (pictured above) in central London as part of a £250 million ($314 million) JV with private equity group Angelo Gordon.
The designs have been developed in line with technical screening criteria set by the Green Technical Advisory Group to demonstrate alignment with the Paris Agreement, a global commitment to limit global warming to below 2° Celsius.
The developments, which are targeting a BREEAM sustainability rating of ‘Excellent’ and an EPC rating of ‘A+’, will aim to contribute to climate change mitigation. A key component of the BREEAM Excellent requirement is to reuse or recycle at least 70% of non-hazardous construction and demolition waste generated through the development.
Other factors required by the BREEAM framework are pollution prevention control, adaptability and disassembly, and protection and restoration of biodiversity and ecosystems.
Chris Leonard, development director of Bloom, said: “Aligning Bloom’s developments in Greenwich and Camberwell with the Paris Agreement on climate change is not only a responsible choice for the local environment, planet, and future generations, but also important for the longevity and resilience of our buildings.
“To achieve true success in sustainable building development, it is important to consider the entire emissions footprint of a building and not just its energy efficiency for occupiers. At Bloom, we are proud to be developing what we consider to be the next generation of industrial estates, placing ESG credentials at the forefront of our development process.”
Construction of the developments, which total 88,345 sq ft, will begin in the third quarter of this year, with Trigon DM as development manager.