CBRE Advises ING UK REIT On Carbon Reduction Initiative

London – 27 November 2008 – CB Richard Ellis (CBRE) is working with ING Real Estate Investment Management to devise a Carbon Reduction Initiative to enhance the environmental performance of their UK REIT’s commercial building portfolio across the UK.

CBRE is producing environmental impact benchmarks and prioritising cost-effective opportunities and sustainable solutions for the client, which include the evaluation of energy, waste, water, equipment and appliance usage. Full building health checks have been carried out, ensuring compliance with ING Real Estate Investment Management’s corporate environmental commitments reducing energy expenditure, lowering the carbon footprint of the building and improving the quality of the portfolio.

Phil Evans, Associate Director, Building Consultancy, CBRE, said, “As part of a bespoke Carbon Reduction Initiative, our analysis and recommendations will enhance the portfolio’s sustainability credentials and working environment; resulting in improved tenant retention, and at the same time making for more marketable properties.”

As part of a Carbon Reduction Initiative, the CBRE Energy Management & Engineering team addresses factors including environmental benchmarking, performance management and risk mitigation.

Earlier this year, CBRE became the first commercial real estate services company to join The Climate Group, the global, independent organization dedicated to accelerating action on climate change.