Frasers Property Vietnam’s Melinh Point secures LEED certification

Frasers Property Vietnam (FPV)’s Melinh Point has received Leadership in Energy and Environmental Design (LEED) Platinum certification in Operations and Maintenance v4.1 (O+M) from the US Green Building Council (USGBC), which is the highest attainable.

“Despite being a building that is more than 20 years old, Melinh Point is now among the greenest and most energy-efficient in Vietnam following comprehensive asset enhancements,” said Mr. Tan Boon Thor, General Manager of Commercial and Director, Design Management at FPV. “With our 2050 net-zero carbon commitment, Frasers Property is demonstrating our dedication to sustainability in real estate development and operations. Being part of a leading multinational real estate group focused on sustainability, we have the ambition to green certify all of our property assets throughout FPV’s portfolio.”

Buildings achieving LEED certification feature a range of green enhancements in the areas of carbon, energy, water, waste, transportation, materials, health, and indoor environment, all of which have been 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 Mr. Peter Templeton, President and CEO of USGBC.

LEED is recognized as one of the world’s leading green building rating systems, serving as a global benchmark for sustainability excellence. Buildings with the LEED O+M certification demonstrate performance-oriented sustainable strategies and outcomes for building operations to improve energy efficiencies. Melinh Point’s LEED certification highlights the building’s successful implementation of practical and measurable strategies and solutions to achieve sustainability.

Melinh Point’s green transformation

The iconic building, with boutique-style offices in the heart of Ho Chi Minh City’s Central Business District, underwent a significant Asset Enhancement Initiative (AEI) in 2020. Enhancement works focused on incorporating green technologies even from the initial stages of the building’s transformation. This helped ensure energy-efficient building operations in 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 HVAC, and chiller upgrades to reduce energy use.

As part of its holistic approach to sustainability, encompassing environmental, social, governance (ESG) 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 partnerships on a shared sustainability journey.

The boutique-style office building was well-designed to provide tenants with top-of-the-line amenities, a quality environment, and leveraged working experiences. By providing green procurement policies and guidelines, Melinh Point’s tenants are encouraged to engage in a shared sustainability journey.

Among the latest additions to its offerings include the recently-opened The Pinnacle, a shared, mixed-use venue exclusive to the building’s tenants boasting 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 customizable layouts and a focus on health and well-being, The Pinnacle is expected to be a popular hub that nurtures the wellness of occupiers.

On track to achieve net-zero carbon emissions

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 its portfolio remains resilient and future-proof, with the aim of achieving net-zero carbon emissions by 2050.

Frasers Property was the first real estate company in Vietnam to receive approval from the Science Based Targets initiative (SBTi) in 2022 for its science-based approach to significantly reduce greenhouse gas (GHG) emissions. Other developments developed or managed by Frasers Property in Vietnam have either received or are in the process of obtaining LEED Certification. These include Eco Logistics Centre, a ready-built warehouse, and the mixed-use commercial building Worc@Q2, as well as Binh Duong Industrial Park and its northern Vietnam industrial and logistics developments.

Frasers Property Limited is a multinational investor-developer-manager of real estate products and services across the property value chain. It is listed on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST) and headquartered in Singapore.