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16prologis newsWalking the WalkIn line with its commitment to high standards of environmentalperformance across its property portfolio, Prologis is upgradingthe energy efficiency of its corporate headquarters at Pier 1 inSan Francisco - a historic waterfront building that has alreadybeen recognised for its sustainable redevelopment.The Pier 1 project showcases an innovative form of financingknown as PACE (Property Assessed Clean Energy). Under thePACE programme the City of San Francisco will fund energyefficiency and renewable energy projects and occupiers willrepay the City through an increase in business rates.The improvements will allow Prologis to significantly reduceannual energy costs and the PACE financing arrangementshave been designed to ensure that these savings will besufficient to cover the additional rates liability.The Pier 1 project includes a full lighting retrofit - in whichupgrades are planned for over 1,500 fixtures; there-commissioning of the heating and cooling system andthe installation of a 200kW rooftop solar array, which willinterconnect at a master electric meter to serve the wholebuilding. When complete, Prologis anticipates that this newinitiative will reduce grid energy consumption at Pier 1 by 32%.The Pier 1 upgrade follows a similar re-commissioning effort atthe company’s Denver operational headquarters in 2011.