Frasers Property Vietnam (FPV) on February 22 announced that its commercial building in Ho Chi Minh City, Melinh Point, has received the highest attainable LEED Platinum certification in Operations and Maintenance v4.1 (O+M) from the US Green Building Council (USGBC).

This represents another significant sustainability milestone for Melinh Point, after its achievement of being the first operational office building in Vietnam to be awarded the Green Mark Platinum certification from Singapore’s Building and Construction Authority.

Tan Boon Thor, general commercial manager and director of Design Management at Frasers Property Vietnam (FPV) said, “Despite being a building that is more than 20 years old, Melinh Point is now among the greenest and most energy-efficient buildings in Vietnam, following comprehensive asset enhancements.”

Buildings that achieve LEED certification feature a range of green enhancements in the areas of carbon, energy, water, waste, transportation, materials, health and indoor environmental, all which were incorporated into Melinh Point’s functions.

“LEED certification identifies Melinh Point as a showcase example of sustainability and demonstrates Frasers Property’s leadership in transforming the built industry,” said Peter Templeton, President and CEO of USGBC.

Buildings with the LEED O+M certification demonstrate performance oriented sustainable strategies and outcomes for building operations to improve energy efficiencies.

Melinh Point, with boutique-style offices located in the heart of Ho Chi Minh City’s central business district, underwent a significant asset enhancement initiative in 2020.

Enhancement work has focused on incorporating green technologies even from the initial stages of the building’s transformation. This helped to ensure energy-efficient building operations while ensuring a comfortable and healthy environment for occupants.

Melinh Point’s environmentally friendly design enhancements included the installation of energy-efficient systems such as LED lighting, high-performance Heating, ventilating, and air-conditioning system and chiller upgrades to reduce energy usage.

As part of its holistic approach to sustainability encompassing environmental, social, and governance focus areas, Melinh Point’s green facelift extended to tenant engagement on sustainable best practices and sharing green procurement policies and guidelines to encourage greater partnership on a shared sustainability journey.

Among the latest additions to Melinh Point’s offerings include the The Pinnacle, a shared, mixed-use venue exclusive to the building’s tenants with panoramic river and city views and state-of-the-art facilities.

Located at the top of Melinh Point, The Pinnacle includes an indoor event hall, outdoor sky deck, and an exclusive VIP lounge.

With customisable layouts and its focus on health and wellbeing, The Pinnacle is expected to be a popular activity hub that nurtures the wellness of occupiers.

Green certification is an important aspect of FPV’s net-zero carbon journey and demonstrates how sustainability can be embedded across the company’s assets lifecycle. This helps ensure FPV’s portfolio remains resilient and future-proof, with the aim of achieving net-zero carbon emissions by 2050.

FPV was the first real estate company in Vietnam to receive approval from the Science-Based Targets initiative in 2022 for its science-based approach to significantly reducing greenhouse gas emissions.

Other developments developed or managed by FPV have either received or are in the process of obtaining LEED certification.

These include an eco logistics centre, a ready-built warehouse, and mixed-use commercial building Worc@Q2, as well as Binh Duong Industrial Park and its northern Vietnam industrial and logistics developments.

Listed on the main board of the Singapore Exchange and headquartered in the city-state, the group has total assets of approximately S$40 billion ($29.8 billion).

Its multinational businesses operate across commercial and business parks, hospitality, industrial and logistics, residential, and retail.

More than 180 hectares of industrial land area within strategic locations in Vietnam, with almost a million sq.m of international grade and green certified industrial facilities, will be developed to support the country’s growing manufacturing economy.

Vietnam Investment Review