JLL launches Center of Excellence for Sustainable Development in Commercial Real Estate in Montreal

The city will become a global research and development hub for the design of more sustainable and greener buildings

QUEBEC, June 16, 2022 /CNW Telbec/ – JLL Canada, a leading professional services firm specializing in real estate and investment management, is proud to announce the launch of the Center of Excellence for Sustainability in Commercial Real Estate. This news is an important step in achieving its environmental goals, promoting best practices in sustainability and inspiring the entire industry.

JLL Canada is committed to establishing the framework, partnerships and expertise necessary for R&D in sustainable innovations and to investing the required amounts, with the ambition of maximizing the benefits for Montreal and Quebec.

As a strategic ally in this launch, Ivanhoé Cambridge will seek to invest in the exiting technologies that will be generated by this initiative.

This long-term commitment will allow the promotion of local talent and an enlightened vision on the future of sustainable development in commercial real estate.

At JLL, we are committed to delivering world-class environmental, social and governance performance. We have big ambitions, especially when we know that real estate is responsible for 40% of global CO2 emissions. We need to do more, do better, and accelerate the discovery and adoption of the best solutions to apply here in Canadaand everywhere on the planet,” said Alan MacKenzieCEO of JLL Canada.

The Center aims to accelerate the adoption of new processes, technologies, research ideas and projects for use in the commercial, industrial, office and multi-family segments of the commercial real estate sector in collaboration with university research teams. The operations of the Center of Excellence will act as a pipeline to accelerate the development of new research, ideas, startups and scale-ups, always directing its efforts towards the ambitious goal of net zero carbon by 2040. With the Center of Excellence , JLL anticipates a huge economic, local, national and even global impact. As its activities intensify, the Center will be fully operational by January 2023.

Innovation is a critical ingredient for our industry to successfully transition real estate to a low-carbon future. Ivanhoe Cambridge is proud to partner with JLL for the launch of this unprecedented Center of Excellence for Sustainable Development, a subject at the heart of our vision for the future,” said Stéphane Villemain, Vice President, Corporate Social Responsibility at Ivanhoé Cambridge

As JLL’s footprint grows in Quebec, the choice of Montreal as the hub for the creation of this R&D center is essential because of the company’s desire to firmly establish roots in the province. Combined with the valuable collaboration with Ivanhoé Cambridgethe fact that Montreal has one of the cleanest power grids in the world, a strong and growing CleanTech ecosystem and world-class university researchers with whom the Center will partner confirms the attractiveness of Montreal.

“While reducing greenhouse gas emissions has become a priority for citizens and businesses around the world, Greater Montréal’s expertise is recognized. The arrival of the ISSB (International Sustainability Standards Board) and the JLL Center of Excellence in Sustainable Development in Commercial Real Estate are two examples. With Ivanhoé Cambridgewe are proud to support such projects that enhance the local ecosystem of sustainable development and the decarbonization of our buildings“, said Stéphane Paquet, President and CEO of Montreal International.

A zero-carbon industry by 2040

Through the Center of Excellence for Sustainability in Real Estate, JLL and its allies aim to be pioneers and accelerate the industry’s transition to net zero carbon by 2040. To do this, the Center will pursue scientific research and experimental development to identify, test and disseminate knowledge and best practices while supporting the development of new technologies.

In the wake of this inauguration, JLL announced the appointment of Hugues Delmaire and John Ciganaco-directors of the Center of Excellence for Sustainable Development in Real Estate, two leaders with remarkable backgrounds, to guide the ambitious destiny, develop partnerships and ensure the success of this major project.

Sustainability in commercial real estate is a global challenge that will only be solved through innovation and collaboration, no one can tackle it alone. The goal of the Center of Excellence is to foster this collaboration around innovative technologies and processes to shape the future of real estate for a sustainable world,” said Hugues Delmaireco-head of the Center of Excellence for Sustainable Development.

Innovation is part of the DNA of Quebecers. The Center of Excellence will combine global expertise with local know-how and talent to change the world…one building at a time,” said John Ciganaco-head of the Center of Excellence for Sustainable Development.

About JLL

JLL (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. JLL is shaping the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, incredible spaces, and sustainable real estate solutions for our clients, associates, and communities. JLL is a Fortune 500 company with annual revenue of $19.4 billionoperations in over 80 countries and a global workforce of over 100,000 people March 31, 2022. JLL is the brand name and a registered trademark of Jones Lang LaSalle Incorporated. For more information, visit jll.com.

About Ivanhoe Cambridge

Ivanhoe Cambridge develops and invests in high-quality real estate, projects and businesses that shape the urban fabric of dynamic cities around the world. It does so responsibly, with a view to long-term performance. Ivanhoe Cambridge is committed to creating living spaces that promote the well-being of individuals and communities, while reducing its environmental footprint. Ivanhoe Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in more than 1,200 properties, mainly in the industrial and logistics, office, residential and retail sectors. Ivanhoe Cambridge tenuous 69 billion Canadian dollars real estate assets in December 31, 2021 and is a real estate subsidiary of the Caisse de depot et placement du Quebec, a global investment group.

Montréal International is a non-profit organization funded by the private sector, the governments of Canada and Quebec, the Metropolitan Community of Montreal and the City of Montreal. Its mandate is to attract and retain foreign investment (companies and startups), international organizations, skilled workers and international students in Greater Montreal by offering support services tailored to their needs.

SOURCEJLL Canada

For further information: Diana Gavrila, National Director of Communications, Marketing, JLL, T +1 514 905 5004, M +1 514 502 4800, Jll.ca

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