IFC’s EDGE Certification for Serviced Residences – Ascott Makati

Ascott Makati has achieved EDGE green building certification from the International Finance Corporation (IFC), a member of the World Bank Group, on 26 February 2019 ─ a global recognition since it is the first to receive such distinction in the service residence category of EDGE. EDGE is an innovative green building certification system that helps reduce a building’s energy and water consumption and decrease greenhouse-gas emissions, which in turn drives operational efficiency and reduces environmental impacts. Ascott Makati reflects the aspirations of its guests’ commitment to sustainability. With the property’s attainment of EDGE’s minimum standard of a 20 percent reduction in the use of energy, water, and the energy that goes into making the construction materials, the certification creates an opportunity for high-performing urban dwellings. There are unique operational requirements and building elements for serviced residences which affect consumption patterns. The serviced residence category of EDGE ensures an accurate benchmark against which properties can be measured and awarded. “Our commitment to EDGE is an acknowledgement of the premium we bring to our guests through sustainable practices,” said Philip Barnes, The Ascott Limited Philippines’ Area Head for Luzon. “Ascott Makati’s EDGE certification will pave the way for more properties to be certified under this international green benchmark that has great potential for the serviced residence industry. EDGE certification is a great beginning to our partnership with IFC, which includes expanding research and implementing the sustainable design of serviced residences in emerging regions.” “We want to be leaders in the serviced residence industry’s development of green technology and design practices,” said Daniel Wee, Country General Manager of The Ascott Limited Philippines. “We need to be rooted in our vision to uphold and advance our procedures for protecting the environment, for the benefit of our customers.” With an increasing global demand by corporate clients for properties with green features, the obtaining of EDGE certification status by Ascott Makati is a game changer in the industry. For inquiries and reservations, please call (632) 550 3200 or email enquiry.manila@the-ascott.com. Visit The Ascott Limited’s website at https://www.the-ascott.com/en/index.html for updates and

Photo 1 (L-R) EDGE Auditor Raymond Sih, International Finance Corporation’s Senior Investment Officer Donna Gonzales, EDGE Program Director Engr. Ramon Aguilos, Philippine Green Building Initiative’s President Engr. David Farala, Ascott’s Area Head for Luzon Philip Barnes

About The Ascott Limited The Ascott Limited is a Singapore company that has grown to be one of the leading international serviced residence owner-operators. It has over 56,000 operating serviced residence units in key cities of the Americas, Asia Pacific, Europe, the Middle East and Africa, as well as more than 38,000 units which are under development, making a total of over 94,000 units in over 630 properties. The company’s brands include Ascott, Citadines, Somerset, Quest, The Crest Collection, lyf and the Tauzia portfolio of hotel brands. Ascott’s portfolio spans about 160 cities across over 30 countries. Ascott, a wholly owned subsidiary of CapitaLand Limited, pioneered Asia Pacific’s first internationalclass serviced residence with the opening of The Ascott Singapore in 1984. Today, the company boasts over 30 years of industry track record and award-winning serviced residence brands that enjoy recognition worldwide. Ascott’s achievements have been recognized internationally. Recent awards include DestinAsian Readers’ Choice Awards 2018 for ‘Best Serviced Residence Brand’; TTG China Travel Awards 2018 for ‘Best Serviced Residence Operator in China’; World Travel Awards 2017 for ‘Leading Serviced Apartment Brand’ in Asia, Europe and the Middle East; Business Traveller Asia-Pacific Awards 2017 for ‘Best Serviced Residence Brand’; Business Traveller UK Awards 2017 for ‘Best Serviced Apartment Company’ and Business Traveller China Awards 2017 for ‘Best Serviced Residence Brand’. For a full list of awards, please visit http://www.the-ascott.com/ascottlimited/awards.html.

About CapitaLand Limited CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, it is an owner and manager of a global portfolio worth more than S$88 billion as at 31 December 2017, comprising integrated developments, shopping malls, serviced residences, offices, homes, real estate investment trusts (REITs) and funds. Present across more than 150 cities in over 30 countries, the Group focuses on Singapore and China as core markets, while it continues to expand in markets such as Vietnam and Indonesia. CapitaLand’s competitive advantage is its significant asset base and extensive market network. Coupled with extensive design, development and operational capabilities, the Group develops and manages high-quality real estate products and services. It also has one of the largest investment management businesses in Asia and a stable of five REITs listed in Singapore and Malaysia – CapitaLand Mall Trust, CapitaLand Commercial Trust, Ascott Residence Trust, CapitaLand Retail China Trust and CapitaLand Malaysia Mall Trust.

Visit http://www.capitaland.com for more information.

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