Liverpool Cargo Building case study

[edit] Introduction

The Cargo Building in Liverpool, part of the residential portfolio managed by Federated Hermes, has become the world’s first residential asset to achieve the BREEAM In-Use (BIU) Residential certification.

Located just a few minutes’ walk from Albert Dock and Liverpool ONE, The Cargo Building comprises 324 apartments, making it Liverpool’s first Build to Rent (BtR) scheme and largest Private Rented Sector (PRS) development.

[edit] Sustainability assessment

The Cargo Building was awarded the accolade after undergoing a rigorous evaluation process to benchmark and assess its sustainability performance across a selection of key areas, including energy efficiency, health and wellbeing and resilience. The project recorded an impressive overall Part 1 rating of 70.8%, scoring particularly well in the categories of resilience, transport and energy.

Working with environmental consultants GWP Project Services, who were appointed BRE assessors and auditors for the project, enabled Federated Hermes to identify improvement opportunities in line with assessment criteria.

[edit] Additional certifications

Securing BREEAM In-Use Residential certification demonstrates the commitment Federated Hermes has already shown across its non-domestic portfolio, with BIU assessments already undertaken across more than 30 assets, including Centre:MK and One City Place, a mixed-use development in Chester that achieved a rating of ‘excellent’.

BIU Version 6, released in May 2020, is the latest version of the world-leading environmental methodology for assets in-use, which is used to assess buildings of all types in over 30 countries.

As the go-to non-domestic standard for real estate owners, managers and investors, Version 6 brings the release of a version specifically created to recognise and drive high standards of sustainability and operational performance in residential buildings.

This article originally appeared on the BREEAM website. It was published in August 2020.

--BRE Group

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