case study

Carbon Footprint Reduction: Helmond Distribution Centre

Helmond Distribution Center in The Netherlands

​​Location: Helmond, The Netherlands​

The Maxi Miliaan B.V. Distribution Centre (“Helmond Distribution Centre”) is a 289,280 sq. ft. logistics facility located in Helmond,  ​Netherlands. The asset comprises 238,980 sq. ft. of warehouse and 50,299 sq. ft. of office space. In 2021, the property underwent a major refurbishment; its lighting system was upgraded to LED and the existing boiler was replaced with a more energy efficient version, which significantly reduced the carbon footprint of the building, in line with Clarion Partners Europe’s​ (CPE) ESG strategy.

​A RESILIENT AND FUTURE-PROOF BUILDING

The building was constructed in three phases, with the majority of the building constructed in 1994, and as a result the lighting and heating system were outdated and energy inefficient. During lease negotiations, the tenant expressed interest in a future-proof building with low consumption costs.

To accommodate these needs and incentivize a lease extension, CPE agreed to pay for the upgrade of the lighting system to energy efficient LED-lighting.

In addition, to further reduce the emissions of the building, a significantly more efficient and adjustable boiler system was chosen. The system is comprised of seven small boilers that can be switched on and off individually, based on the energy needs of the building making it easier to adjust the energy consumption based on demand instead of having the entire boiler system powered up when the heating requirements are low. This will lead to a significantly reduced energy consumption that will benefit not only the tenant but also the environment.

The outcome of thes​e measures implemented by CPE reduced the carbon footprint of this asset making it more resilient for the future. Since implementation a successful lease extension for 10 years was executed with a strong tenant.​

Definitions

Footnotes

Disclosures

The investments described herein were selected based on non-performance-based criteria and are not necessarily re​presentative of any particular Clarion Partners fund or portfolio. It should not be assumed that any of these properties are or will prove to be profitable.

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This material does not constitute investment advice, nor does it constitute an offer in any product or strategy offered by Clarion Partners LLC or Clarion Partners Europe, and should not be viewed as a current or past recommendation to buy or sell any securities. Any specific investment referenced may or may not be held in a Clarion Partners client account. It should not be assumed that any investment, in any property or other asset, was or will be profitable. Investment in real estate involves significant risk. Investors should consider their investment objectives, and it is strongly suggested that the reader seek his or her own independent advice in relation to any investment, financial, legal, tax, accounting or regulatory risks and evaluate their own risk tolerance before investing.

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