FORE Partnership, the purpose-driven real estate investment platform, has announced that its 'Cadworks' development, in Glasgow City Centre, will be 'Net Zero Carbon (NZC)' in operation and powered only by renewable electricity.
The 94,000 sq.ft. speculative office development, due to be completed to coincide with Glasgow's global climate summit in November 2021, will be one of the first large-scale office buildings in the City to be fully carbon neutral in operation. With the UK and Scottish Governments setting ambitious carbon-reduction targets, Cadworks will act as an exemplar building for the City's future. Carbon neutrality, or 'NZC' is achieved by balancing carbon dioxide emissions with their removal or eliminating the emissions altogether.
Also featuring the country's first cycle-in access ramp as well as parking only for bicycles and a small number of electric cars, Cadworks has sustainability at its very core. 75% of suppliers during the build come from the local area; materials such as glass, steel, wood and concrete are recycled and all electricity, which will be tracked via Smart meters, comes from renewable sources. FORE Partnership has also been awarded B Corp status for its commitment to building an inclusive and sustainable community.
Basil Demeroutis, managing partner, FORE, said: "One of FORE Partnership's unshakable pillars is responsible and thoughtful stewardship of our increasingly fragile environment. Cadworks will fully demonstrate that world-class headquarter space can be built without negative environmental impact and we hope that our innovation acts as a showcase for future builds, not only in Glasgow but across the world.
"Our industry must lead the way in forward thinking and in creating change so that we can continue to create new space, generate employment and support communities whilst at the same time, safeguarding the planet. This has never been more important and we hope that Cadworks acts as an exemplar building for the sector."
Cadworks is due for completion in October 2021.