Green lending funds environmentally-friendly higher education facility
Prominent Scottish property developer HFD, was the driving force behind the UK’s first speculative ‘carbon neutral’ office development. The three buildings that formed the EcoCampus were designed to attract occupiers seeking Grade A+ space with outstanding sustainability credentials.
HFD successfully competed to attract the University of the West of Scotland (UWS) and worked with them to develop plans for their new Lanarkshire Campus. As the original development was completed to “shell and core” the buildings could be readily adapted to meet the needs of the University.
The three existing buildings were cleverly combined to create the Campus with the addition of a stunning three-storey ‘Street’ atrium. Uniting the buildings in this way delivers UWS with an exciting flexible space for socialising, performances, graduation dinners, and studying. ‘The Street’ contains a coffee shop, video wall, Campus reception, and two stage rigs complete with lighting and sound systems. Twin 3 storey feature stairs bookend the ‘Street’ providing access to the upper floor teaching areas, with open balconies offering unique views over the busy ‘Street’ below.
To fund the innovative Campus development including its high quality, sustainable and efficient fit out requirements; HFD took advantage of Lloyds Banking Group’s £1bn Green Lending initiative. Under the terms of the £39.7 million deal with the Bank of Scotland, HFD benefitted from a margin discount available under the scheme of up to 20 basis points, thanks to delivering a number of green pledges written into the loan agreement.
The resultant UWS EcoCampus has significant sustainability credentials, including rainwater harvesting, solar panels, electric car charging, improved public transport links, active travel facilities, and an enhanced building management system. Most notably the energy efficient buildings are powered 100% by renewable energy from a local associated wind farm development, by way of HFD’s innovative and exclusive power purchase agreement.
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