ESR-REIT Annual Report 2024 135 2024 Performance: Portfolio Assets Ongoing AEIs in ESR-REIT’s Portfolio The asset management team proactively identifies opportunities to implement AEIs and solutions to meet ESRREIT’s sustainability targets, improve tenant experience and enhance property value. These AEIs go beyond regular maintenance and include façade upgrades, improved common areas, enhanced fire safety systems, and energy-efficient Mechanical and Electrical systems upgrades. Asset Enhancement Initiatives to Reduce Environmental Impact 16 Tai Seng Street is an 8-storey multi-tenanted industrial building undergoing enhancement works since 2022. The planning stages embedded initiatives to improve environmental and operational performance without compromising on the utility of the building. This includes installing a low heat gain glass façade and measures to reduce the building’s thermal load. Energy-efficient features, such as Variable Voltage Variable Frequency drives and regenerative lift systems were incorporated to optimise energy consumption. Additionally, the common areas have been upgraded with energy-efficient lighting and equipped with motion sensors to further reduce energy usage. Water-efficient fittings have also been installed as part of the toilet upgrading works to reduce water consumption. Furthermore, the property will feature electric vehicle charging stations to support tenants’ use of electric vehicles and solar panels to reduce grid electricity consumption. As a testament to these green initiatives, the project has been awarded Green Mark Gold status since its commencement in 2022 and the AEI is slated for completion in 1H2025. 16 Tai Seng Street after enhancement Low heat gain glass installed for new façade
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