Frasers Property Group in the UK outlines sustainability push after signing BBP’s Climate Change Commitment

LONDON, UNITED KINGDOM – Media OutReach – 4 February 2020 – Frasers Property UK, a business unit of the multi-national Frasers Property Group,
has outlined its latest sustainability initiative by signing the Better
Buildings Partnership’s (BBP) Climate Change Commitment.

The BBP’s Climate Change Commitment
unites signatories in targeting carbon net zero by 2050 and commits all
signatories to publish their net-zero pathways by the end of this year.

Frasers Property UK signed the commitment
after becoming the 33rd BBP member. The BBP represents a significant share of
UK commercial real estate owners, signalling the industry’s commitment to
sustainability in the built environment and demonstrating leadership in
achieving carbon reduction goals.

By signing the Climate Change Commitment,
Frasers Property UK is committing to:

• Developing
  and publishing its ne- zero carbon roadmap by the end of 2020
• Completing
  climate change risk assessments across all assets by end of 2022
• Annually
  disclosing its progress towards its net-zero carbon roadmap
• Disclosing
  the energy performance of its assets

Ilaria del Beato, Chief Executive
Officer at Frasers Property UK said:
“Sustainability is a key contributor to our success. We aspire to create spaces and
experiences that foster sustainable communities and a better environment for
all, and aim to set industry benchmarks in building sustainable
communities. This is why we have pledged to signing the BBP’s Climate
Commitment.”

To date, the Climate Change Commitment
has been signed by 26 companies representing over 11,000 commercial properties
globally – over £300 billion assets under management – and responsible for over
1.2 million tonnes of carbon emissions per annum.

About Frasers Property UK

Frasers Property UK is the UK subsidiary
of SGX-listed Frasers Property Limited, a multi-national company that owns,
develops, and manages a diverse and integrated property portfolio with total
assets of approximately £21.5 billion (S$37.6 billion) as at 30 September 2019.

Frasers Property UK develops, owns and
manages residential and commercial property in the UK.

Frasers Property UK’s commercial
portfolio comprises approximately 3.5 million square feet of business parks in
strategic UK-wide locations, including Hillington Park in Glasgow and six
Thames Valley assets within the M3 and M4 corridor — Lakeshore, Bedfont Lakes,
Winnersh Triangle, Chineham Park, Farnborough Business Park, Watchmoor Business
Park, and Maxis in Bracknell.

In the City of London, Frasers Property
UK is currently on site with a major re-development at Central House, which
will deliver 160,000 square feet of office and mixed-use space on the corner of
Whitechapel High Street and Commercial Street. Frasers Property’s UK portfolio
includes a number of high-profile residential schemes, including Riverside
Quarter in South West London and Camberwell on the Green in Kennington. 

For more information on Frasers Property
UK, please visit https://www.frasersproperty.com/uk

For more information on Frasers Property,
please visit frasersproperty.com