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TORONTO, January 30, 2025--(BUSINESS WIRE)--Inovalis Real Estate Investment Trust (the "REIT") (TSX: INO.UN) announced its first LEED Platinum certification for the Francisca Delgado 9 building, located in Alcobendas, north of Madrid. This prestigious recognition, a symbol of environmental excellence, underscores the commitment of the REIT to integrate ambitious ESG practices into its asset management strategies, executed by the manager, Inovalis SA.
Francisca Delgado 9 is an iconic office building, offering 11,000 m² of leasable space and strategically located in the northern metropolitan area of Madrid. The property is fully leased to two major tenants, INDRA and ITP. Since its acquisition in March 2022, the REIT has continuously invested in the enhancement of this early 2000s asset to provide optimal comfort and service levels to its tenants.
Key features of the building include:
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High-performance water and energy management systems.
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Extensive use of soft mobility, with 70% of occupants using eco-friendly transportation.
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Sustainable management of common areas and landscaping using environmentally friendly products and processes.
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Abundant natural light and high-quality views for occupants.
The achievement of LEED Platinum certification is a key milestone in the REIT’s sustainability strategy for Francisca Delgado 9 . New projects are underway, including the installation of solar panels in parking areas, the integration of an intelligent Building Management System (BMS), and technological solutions to enhance space management for tenants, such as license plate recognition systems for parking facilities. The REIT continues its partnership with a local applied arts university, reinforcing its commitment to cultural patronage and enabling artistic visibility directly from the building’s exterior.
This Platinum-level certification was made possible with the collaboration of the building’s tenants and ESG consultant MINSAIT. Francisca Delgado 9 has been transformed into a model of resilience and environmental performance.
"Following the acquisition of this iconic property, Inovalis REIT applied its asset management expertise to elevate this asset to the highest standard of sustainability, ready to meet the challenges of tomorrow’s environmental standards and regulations," said Khalil HANKACH, Chief Financial Officer and Chief Investment Officer of Inovalis REIT.
About Inovalis REIT
Inovalis REIT is a Real Estate Investment Trust listed on the Toronto Stock Exchange in Canada. It was founded in 2013 by Inovalis and invests in office properties in primary markets of France, Germany and Spain. It holds 13 assets. Inovalis REIT acquires (indirectly) real estate properties via CanCorpEurope, authorized Alternative Investment Fund (AIF) by the CSSF in Luxemburg, and managed by Inovalis S.A.