Commencing collaboration

Sustaining Growth 15Elita Garden Vista isestimated to be reduced byabout 28% or 1.16 millionkWh annually – saving about$128,105 per year.To date, Keppel Land hasgarnered a total of 32 BCAGreen Mark Awards forits Singapore and overseasproperties since 2006.Skyrise greenery158 Cecil Street, a 14-storeycommercial building underAlpha Investment Partners’(Alpha) Alpha Core PlusReal Estate Fund, haswon the prestigious WorldB e s t Ve r t i c a l G a r d e nDesign Gold Award andthe World Best VerticalGarden Construction QualityGold Award, presentedb y t h e W o r l d G r e e nRoof Congress inH a n g z h o u , C h i n a o n25 October 2012.Alpha acquired the propertyin 2007 against a backdropof challenges – the propertywas close to 30 years old;the acquisition was madeon a forward commitmentagreement prior to theLehman financial crisis andthe asset was delivered forcompletion in 2009 duringthe downturn.The asset managementteam undertook a series ofenhancements, upholdingAlpha’s commitmentin ensuring quality in itsportfolio of properties.Today, 158 Cecil Streetsports an impressive wallgardenformed by about13,000 potted plants,equivalent to half a footballfield. The property has alsoreceived top honours at theSkyrise Greenery Awards2011 jointly presented bythe Singapore Institute ofArchitects and National ParksBoard, and was conferredthe BCA Green Mark GoldAward for its sustainableefforts.The property is well-poisedto compete against otherprime office spaces in thevicinity. Occupancy hasincreased from about 4%at the beginning of 2011to 80% to date, whilerecently concluded rentsrepresent a 15% premiumagainst market rents. Alphacontinues to see healthyenquiries from tenantsseeking well-located andquality office developmentssuch as 158 Cecil Street.Continues on page 16...Eco-breakthroughs at IFCTower 2• Double-glazed low emission glass to reduce heattransfer while providing occupants an optimal indoorworking environment;• Regenerative drive lifts that enable energy to begenerated back to the building so as to reduce energyconsumption from lifts;• Recycling of rain water for irrigation;• Highly-efficient chiller plant system;• Installation of water- and energy-efficient fittings incommon areas;• Green building monitor system to analyse and optimseenergy usage;• Water usage and leak detection system to ensure optimaluse and to prevent wastage of water resources;• Naturally ventilated sky garden to provide tenantsrespite in a natural environment;• Extensive use of drought-tolerant plants to reducewater usage;• Use of eco-friendly materials during the constructionof the development.158 Cecil Street sports an impressive wall-garden formed by about 13,000 potted plantsKeppelite I November 2012