Macquarie Asset Management certifies Chilean portfolio with LEED Operation and Maintenance (O+M): EB v4.1 at Platinum and Gold levels

Macquarie Asset Management, part of Australia’s Macquarie Group, certified its real estate portfolio in Chile at Platinum and Gold levels at the beginning of 2024 according to LEED Operation and Maintenance (LEED O+M: EB v4.1). The certifications include:

LEED O+M Platinum:

• Edificio Parque Titanium, Torre B, Av. Costanera Sur 2730, Las Condes
• Edificio Apoquindo 5400, Av. Apoquindo 5400, Las Condes

LEED O+M Gold:

• Edificio Territoria El Bosque, Av. Apoquindo 2827, Las Condes
• Edificio Magdalena Norte, Magdalena 181, Las Condes
• Edificio Ombú, Andres Bello 2115, Providencia
• Edificio MOK,  Avenida Bernardo O´Higgins 1750, Santiago Centro

Macquarie Asset Management (MAM) supported the effort to obtain these certifications as part of its approach to sustainability, which includes MAM’s net zero commitment.¹ With this achievement, Macquarie Asset Management is positioned as a pioneer in the Chilean commercial real estate market in implementing best practices in sustainability and managing the use of energy and natural resources in its buildings. The real estate portfolio is located in the communities of Las Condes, Providencia and Santiago. Macquarie Asset Management entered the Chilean market in 2018 after the purchase of the German company GLL Real Estate Partners.

The work carried out for the LEED O+M certification in each of the buildings included the implementation and subsequent certification of an Energy Management Systems (ISO 50,001:2018) and the quantification and verification of the Carbon Footprint (ISO 14,064) and the Water Footprint (ISO 14,046). The incorporation of operational, technical and equipment improvements with greater energy efficiency allows for a sustained reduction in energy consumption, associated greenhouse gas emissions and operational costs, being beneficial for the owner, tenants and the environment.

Obtaining this certification was a continuous learning process for the company, which was advised on the LEED certification by the Colbun by Eficity, and on the ISO certification by Asgreen and included co-financing from the Sustainability and Climate Change Agency.

The implementation process and subsequent LEED certification was done in partnership between Macquarie Asset Management and US Urban Realty Chile, the company that manages its buildings. The project was led by Linda Schünemann (Vice President Macquarie Asset Management), Janson Barriga (Building Technical Manager U.S. Urban Realty) and Ignacio Alarcón (Facility Manager U.S. Urban Realty).

Following this achievement, Macquarie Asset Management will continue to work on the continued implementation of its sustainability strategy and its ESG objectives. This includes incorporating metrics for the management of working conditions, labor inclusion, universal accessibility, diversity and gender equality, and health and safety of its tenants, workers and suppliers. 

1. MAM generally only has influence over scope 1 and 2 emissions. However, to the extent possible, in line with the Net Zero Asset Managers initiative guidance, MAM intends to support assets where it has control or significant influence to reduce their scope 3 emissions. Please refer to MAM’s website for further details.

Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this document is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.