WELL Portfolio Pathway List is High on Down-Under
The WELL Portfolio pathway introduced by the International WELL Building Institute (IWBI) for WELL Certification is favored by Australian professionals. Participation in WELL is an advantage to developers that already implement a green building commitment using LEED, BREEAM, Green Star or the Living Building Challenge.
The WELL Portfolio pathway introduced by the International WELL Building Institute (IWBI) for WELL Certification, is an international organization that encourages owners, developers and tenants of residential properties to address and improves the performance of health and wellness characteristics in their properties and portfolios.
WELL also promotes owners to improve their properties health and wellness feature sin incremental steps and view this as an ongoing journey and not a one-stop target.
Australians are among the larger adherents to the WELL Portfolio pathway, and many have applied for the WELL Certification of multiple new and existing buildings.
Recently, the IWBI presented the list of their first participants in the WELL Portfolio. This list is part of the WELL Building Standard v2 pilot.
The new WELL v2 provides a streamlined and easier process for the participants in the WELL D&O designation. This includes the introduction of an early phase review process. The new system uses scorecards to enhance efficiency and acts as a guide for continuous portfolio improvement.
To date, investors from Europe, North America, Australia, and Asia, as well as tenants and developers are enthusiastic about pursuing the WELL Portfolio Pathway. These participants already used WELL for individual buildings, and are now interested in adding the same evidence-based performance and property value to their portfolios.
Among the list of participants, are a number of impressive organisations are CBRE Global Investors and CBRE, Barclays, Brandywine Realty Trust, Miron Construction Co., Inc., Charter Hall, Investa, Forest City Realty Trust, JLL Asia Pacific, Gro, Australian Prime Property Fund (APPF) Commercial, SL Green Realty Corp., Shaw Industries, and Prologis, Inc.
Rick Fedrizzi CEO of IWBI claims that a phased implementation of WELL across multiple properties in one portfolio is more efficient and provides additional flexibility in delivering WELL Certification to owners and landlords.