Majid Al Futtaim Properties (MAF), a leading developer of shopping malls together with hotels and mixed-use community projects in the Mena region, has introduced two ‘green’ initiatives designed to make substantial improvement on the environment impact of the retail sector. The first initiative is ‘green lease clauses’, which are now included in all retail tenant contracts and the second is the introduction of a ‘Green Star’ rating for tenants.
The two initiatives came out of Majid Al Futtaim Properties’ annual Energy Conference for employees from across the company and key supply chain stakeholders.
As of the 1st August 2011 all tenant agreements contain a ‘green clause’ which is a commitment for Majid Al Futtaim Properties and the tenant to work together to reduce their impact on the environment.The clause states that tenants must aim to obtain LEED Certification (Leadership in Energy and Environment Design) from the United States Green Building Council which evaluates the environment performance of a building. In addition both parties must agree that it is in their mutual interest that the Centre and the Premises be developed, operated and maintained in a manner that is environmentally responsible, fiscally prudent and provides a safe and productive work environment. They will also work together to improve energy efficiency. Majid Al Futtaim Properties is the first developer in the region to introduce such a commitment.Majid Al Futtaim Properties has also introduced a ‘green star’ ratings system for the tenants of its malls. When a tenant applies for its fit out process, Majid Al Futtaim Properties assesses the design against a number of ‘green criteria’, these include, water efficiency, energy and atmosphere, materials and resources, indoor environmental quality, innovations in operations and disabled access.
From / Gulf Today