Scotia Plaza’s downtown building becomes Canada’s largest zero carbon certified building
The building is the largest certified Zero Carbon Building in Canada at more than 1.5 million square feet
TORONTO – KingSett Capital, a private equity real estate investment firm, on behalf of its Canadian Real Estate Income Fund (CREIF) announced June 5 that Scotia Plaza’s 40 King St. W. building in Toronto has earned a Zero Carbon Building – Performance v2 Certification from the Canada Green Building Council (CaGBC).
The designation is reportedly the largest certified Zero Carbon Building in Canada at more than 1.5 million square feet.
According to a company statement, Scotia Plaza’s 40 King St. W. zero carbon certification was made possible by the building’s owners KingSett Capital, AIMCo and JRSL, the property management team of BentallGreenOak and Scotiabank.
“We congratulate KingSett Capital on achieving Zero Carbon Building – Performance v2 certification, making Scotia Plaza’s 40 King St. W. both the largest ZCB-certified building yet and the very first under the newly updated Standard,” said Thomas Mueller, President and CEO of Canada Green Building Council in a prepared statement. “KingSett’s achievement validates that zero carbon buildings – whether new builds or retrofits – are both technically and financially feasible for owners willing to innovate and invest in a low carbon future for Canada.”