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UL and CBRE Reach Strategic Cooperation to Jointly Promote Healthy Buildings in China

UL and CBRE agree to jointly promote the development of China's healthy buildings to help create a new green, healthy and sustainable building industry in China.

UL's Alberto Uggetti and CBRE's Stephen Tam signing partnership

October 24, 2019

Shanghai, October 23, 2019 – During the 3rd Greenbuild International Conference, UL signed a strategic cooperation agreement with CB Richard Ellis (CBRE) - a global commercial real estate service provider, to jointly promote the development of China's healthy buildings and help create a new green, healthy and sustainable building industry in China.

CB Richard Ellis Real Estate Management Technology and Sustainability Team provides customized one-stop solutions for all types of real estate projects (commercial complexes, office buildings, retail, office rentals, factories, schools, residences, etc.) in Greater China. Solutions range from design and operation, to renovation and upgrades, green and healthy building certification consulting services including LEED, China Green Building Evaluation Mark, WELL, Fitwel Certification Service, Building Energy Audit and System Enhancement Commissioning, and comprehensive real estate sustainable development management services.

The CBRE Real Estate Management Department helps companies manage asset portfolios globally to optimize operations, reduce costs, increase cash flow, and leverage strategic asset positioning through business platforms and technology innovations to achieve asset value enhancements. Services include: engineering design review, property management, asset management, green building and sustainability services.

Through this cooperation, CBRE will work with UL to promote the comprehensive development of the Fitwel Healthy Building Certification System in China. Fitwel is the leading global healthy building certification system dedicated to improving the health and sustainability of people, buildings and communities. The Fitwel Healthy Building Certification System provides a wide range of tools for commercial real estate, residential properties and communities, and its advanced, proactively designed tools and assessment systems bring broader business opportunities to real estate developers while bringing a healthy and enjoyable experience to occupants.

As a strategic partner, UL will help CBRE join the Fitwel Champion Program and the Fitwel Advisory Council.  By joining the Fitwel Champion Program, CBRE customers' verification process will be shortened by 25 percent. At the same time, higher quality and faster service will be provided. The CfAD professional team of Center for Active Design will quickly support and respond to customer needs. By joining the Fitwel Advisory Council, CBRE is able to respond to customer feedback in a timely manner, helping the Fitwel Healthy Building Certification System meet local market needs.

CBRE Real Estate Management Department Technology and Sustainability Consulting Business Senior According to Director Stephen Tam, "In recent years, the green building industry has flourished in China. With the continuous deepening of the concept of sustainability in the country, health awareness is growing among the government and the public. Commercial green and healthy building certifications are increasingly recognized by developers and investors. The government promotes the sustainable development of society, environment and economy through the improvement and application of building evaluation systems. China is a world leader in the development of green and healthy buildings. This applies to not only the building itself, but also the pursuit of environmental and healthy environment by building users, and it drives us to help more corporate customers build high-performance buildings and achieve a healthier building environment to achieve the goal of sustainable development. Together with UL and Fitwel, we aim to promote the high-quality development of healthy buildings in China and provide occupants with a more sustainable, high-quality building environment."

According to Alberto Uggetti, vice president and general manager of UL’s Environment and Sustainability division, "People's demand for 'healthy homes' is increasing. In 2017, the global health real estate industry is valued at $134 billion; among them, the market size of China's healthy real estate industry ranked second, with a project valuation of US$19.9 billion. UL is committed to providing safe living and working environments for the public. Together with CBRE, we will promote the development of healthy buildings in China and help people improve health and well-being."CBRE CB Richard Ellis and UL reached a strategic cooperation to jointly promote the high quality development of China’s healthy buildings

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