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Inexperienced energy buy agreements cowl properties in Shanghai, Wuxi, Kunming and Jinan
HONG KONG SAR and SHANGHAI, CHINA – Media OutReach Newswire – 8 April 2024 – Hold Lung Properties (SEHK inventory code: 00101) (“the “Firm” or “Hold Lung”) introduced that half of its working properties in Mainland have been powered by renewable vitality via energy buy agreements since April 1, 2024, solidifying its market management in sustainable actual property practices.*
Plaza 66, Shanghai has constructed its distinctive place because the “HOME TO LUXURY”, accommodates greater than 100 prestigious worldwide luxurious manufacturers, bringing prospects a extra numerous providing in a extremely refined buying atmosphere
The transfer represents a exceptional milestone in Hold Lung’s sustainability journey, and signifies that by the top of 2024 Hold Lung will go nicely past its 2025 sustainability goal of 25% renewable vitality for its mainland China portfolio. The achievement contains 5 properties in 4 cities: Plaza 66 and Grand Gateway 66 in Shanghai, Middle 66 in Wuxi, Spring Metropolis 66 in Kunming, and Parc 66 in Jinan.
Grand Gateway 66, Shanghai boasts a spectrum of worldwide luxurious manufacturers, lots of which have made their China debuts, efficiently establishing its place because the “Gateway to Inspiration”
These revolutionary transactions – which draw on wind and solar energy – assist China’s objectives of peaking carbon emissions by 2030 and reaching carbon neutrality by 2060, and display Hold Lung’s dedication to sustainability management. In addition they align with the Firm’s dedication to reaching net-zero greenhouse gasoline emissions throughout its worth chain by 2050, in accordance with local weather science and its Science Primarily based Goal initiative (SBTi) goal.
Situated in probably the most affluent industrial district in downtown Wuxi, Middle 66 is the town’s middle of luxurious
“Hold Lung goals to push the boundaries of what’s doable for sustainability in the true property trade and to encourage others to observe swimsuit. We’re main the way in which, displaying that it’s doable to speed up emissions reductions and sustainability progress in an economically viable manner,” stated Mr. Adriel Chan, Hold Lung Properties Vice Chair and Chair of Sustainability Steering Committee.
Designed to “Deliver the Finest to Kunming; Showcase the Better of Kunming to the World”, Spring Metropolis 66 is Hold Lung’s first improvement venture in Southwest China
Located in Jinan’s industrial middle, Parc 66 is among the metropolis’s largest and most prestigious malls
Hold Lung’s Renewable Vitality Chronology:
- December 2021: Spring Metropolis 66 in Kunming is Hold Lung’s first property and the primary industrial complicated in Yunnan Province to be powered by renewable vitality
- January 2023: Parc 66 in Jinan is the primary industrial property in Jinan and Shandong Province to be powered by renewable vitality
- April 2024: Plaza 66 and Grand Gateway in Shanghai, and Middle 66 in Wuxi construct on the successes in Kunming and Jinan and are additionally powered by renewable vitality. Altogether, 5 out of ten of Hold Lung’s Mainland working properties are powered by renewable vitality*
*Inexperienced energy phrases beneath energy buy agreements for your complete property (overlaying each landlord and tenant consumption) from April 1 to December 31, 2024
| Property | Minimal Inexperienced Electrical energy Below Bundled Energy Buy Settlement | Most Unbundled Inexperienced Electrical energy Certificates |
| Spring Metropolis 66, Kunming | 100% | 0% |
| Parc 66, Jinan | 100% | 0% |
| Middle 66, Wuxi | 98% | 2% |
| Grand Gateway 66, Shanghai | 95% | 5% |
| Plaza 66, Shanghai | 95% | 5% |
Hashtag: #HangLung #renewableenergy
The issuer is solely liable for the content material of this announcement.
About Hold Lung Properties
Hold Lung Properties Restricted (SEHK inventory code: 00101) creates compelling areas that enrich lives. Headquartered in Hong Kong, Hold Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the 9 Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxurious positioning beneath the “66” model, the corporate’s Mainland portfolio has established its main place because the “Pulse of the Metropolis”. Hold Lung Properties is acknowledged for main the way in which in enhanced sustainability initiatives in actual property because it pursues sustainable progress by connecting prospects and communities.
At Hold Lung Properties – We Do It Properly.
For extra data, please go to 
www.hanglung.com.
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