Real estate investment company Nordic Real Estate Partners (NREP) have announced plans to build a logistics building with 100% CO2 neutrality throughout its lifecycle. It will be be located in Bålsta, around 30 miles outside of the Swedish capital of Stockholm.
This announcement comes as the COP27 climate conference gets underway in Sharm El-Sheikh, and claims to be a response to the urgent need to reduce CO2 emissions reiterated at the event.
The site is due to be over 215,000ft2 in size and construction is expected to be completed in 2024. Plans for the Bålsta facility include solar panels, heat pumps, and battery storage to ‘secure a sustainable energy supply during operational use’.
It is hoped that the facility will reduce carbon emissions by up to 60% compared with typical logistics buildings.
Claus Mathisen, Chief Executive of NREP said: “We have collaborated with the industry’s leading innovators to push new boundaries and deliver the world’s greenest logistics development. Drawing from the most advanced products available, this project will be a test bed for emerging solutions, creating a whole new, commercially viable paradigm in carbon neutral real estate.”
NREP is intending that its new buildings will be net zero in three separate measures; embodied carbon, operational carbon, and additional cost. Because of this, the project is being referred to as ‘Triple Zero’. The investment company claims that ‘Triple Zero’ will be followed by another two CO2 neutral projects.