Following notification that Leisure Fund’s development at Coliseum Leisure Park, Cheshire Oaks achieved BREEAM Excellent I wanted to acknowledge, as a team, your efforts in securing this rating.
This is a great result for LGP, the Fund and yourselves, particularly given the background of securing a planning consent obtained in 2008 when the objective of achieving BREEAM Excellent was not a consideration, to then achieving this objective whilst also delivering the scheme on time, within budget and to our and Travelodge’s expectations.
As you are aware, LGP sees the issue of sustainability as an important part of its property investment activities, and where viable, deliver sustainability improvements above and beyond any statutory requirement, in order to provide long term benefits to our investors.
Achieving this mark of excellence on a relatively low value development without affecting overall viability of the scheme clearly shows what can be achieved and is a credit to you all.
Legal & General Property