Currently Vinci’s property managers are mostly outsourced, either selected by Vinci or our partners. In all cases, the energy, water and waste consumption is monitored in a minimum monthly basis. Vinci also incentives and supports the initiatives of the properties that will interact with the local communities generating value for the investment such as sponsorship of local events and creating a relationship closer with the neighborhood (especially in the case of shopping malls investments) and municipalities. The governance aspect is usually analyzed during due diligence when Vinci has the ability to negotiate the deal structure and its rights. In the case Vinci has the right to determine the governance of the property after the acquisition, Vinci select and negotiates with partners, co-owners and service providers (asset and property manager).
While developing projects our intention is to achieve sustainable performance in the following topics: sustainability (assessment of the existing transportation facilities, availability of retail and service providers), energy efficiency (on project developments our consultants and engineers are briefed to select building systems and solutions to optimize energy consumption), use of sustainable materials (we work along with architects to create the building specs using), indoor air quality (we intend to offer out tenants an air quality that complies with all local regulations requirements), water management (if applicable, our properties are designed to achieve low water consumption per capita), waste management (we engage with general contractors that implement construction waste management plan), among others. Further, when designing our developments, we analyze the feasibility of Green Building Certifications. We usually engage with third party environmental consultants to assess the achievable levels of LEED certification and its benefits for the property.