Healthcare of Ontario Pension Plan (HOOPP)

Healthcare of Ontario Pension Plan (HOOPP)

May 27, 2016 08:42 ET

HOOPP Honours Property Managers and Tenants for Sustainability and Environmental Stewardship in Real Estate

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2016) -

Editors Note: There are three photos associated with this press release.

The Healthcare of Ontario Pension Plan (HOOPP) honoured its property managers and tenants for excellence in energy performance and environmental sustainability at a ceremony last night in Vancouver.

The annual LEAP (Leadership in Environmental Advancement Program) awards were presented at Marine Gateway, HOOPP's newest LEED® Gold mixed-use development created in partnership with PCI and Triovest. As the first major development to be approved along the Canada Line and Cambie Corridor, Marine Gateway sets the benchmark for future transit-oriented projects. It is also HOOPP's first geothermal mixed-use building.

The awards are part of the HOOPP Real Estate group's leading sustainability program which relies on collaboration with management partners and tenants. HOOPP works with many partners in the real estate industry across Canada and globally, to lead and advance sustainability practices in the industry.

"HOOPP is a very long-term investor, and sustainability is an important consideration in our real estate investments. Buildings constructed to high environmental standards are more energy efficient than traditional buildings and are attractive to tenants and occupiers," said President and CEO, Jim Keohane.

"Lower energy costs result in better economics for tenants and for HOOPP as a landlord. It is a true win-win situation," he added.

Keohane also said that real estate investing is an important part of the HOOPP investment portfolio in helping to ensure we meet our obligations to members. Real estate provides regular, predictable long-term monthly income, and has inflation hedging characteristics that align well with HOOPP's need to provide pension benefits for its more than 300,000 active and retired members.

In 2015, British Columbia made up 22% of HOOPP's Canadian Real Estate portfolio. This $1.6 billion investment represents more than 4.3 million square feet of healthy, efficient and high quality buildings, many of which are in the City of Vancouver.

Prior to the awards ceremony, HOOPP held its second LEAP Conference bringing together sustainability leaders and HOOPP property managers to share ideas, challenges and best practices. "This year's LEAP events theme was connectivity which is very much in-line with the Marine Gateway project itself," said Lisa Lafave, Senior Portfolio Manager with HOOPP. "Participants were asked to collaborate and brainstorm new ideas to integrate sustainability into future portfolio initiatives and we were thrilled to have Charles Montgomery, author of Happy City, as keynote speaker."

New to the overall program this year was LEAP Forward; an opportunity for property managers to pitch their sustainability improvement ideas and/or projects to HOOPP Real Estate decision-makers for consideration. One winning project was awarded and will be implemented with the support of HOOPP. The ideas presented represent quantifiable sustainability improvements such as energy savings, greenhouse gas reduction, etc., leading to significant cost savings.

Raymond Louie, Acting Mayor, City of Vancouver and Sean Pander, Director of Sustainability, City of Vancouver also provided remarks at the Awards.

The thirteen awards are presented in the categories of Performance, Collaboration and Innovation. The winners this year were:

Award Winner Property Manager / Developer Category
Low Energy Leader: Medium Building 130 Eileen Stubbs East Port Properties Limited Building Performance
Low Energy Leader: Large Building ATCO Centre Triovest Realty Advisors Inc. Building Performance
Energy Saver ATB Place Triovest Realty Advisors Inc. Building Performance
Water Winner: Commercial ATCO Centre Triovest Realty Advisors Inc. Building Performance
Water Winner: Retail Bonnie Doon Centre Morguard Building Performance
Waste Minimizer 5500 Explorer Drive Menkes Property Management Services Inc. Building Performance
Sustainability Achiever 25 York Street Menkes Union Tower Inc. Building Performance
Tenant Leader: Commercial Telus (25 York Street) Menkes Union Tower Inc. Collaboration
Tenant Leader: Retail Beckta (150 Elgin Street) Morguard Collaboration
Tenant Leader: Industrial Veritiv (4300 Hickmore Boulevard) Triovest Realty Advisors Inc. Collaboration
Sustainability Innovator - Technology Marine Gateway Triovest Realty Advisors Inc. / PCI Developments Innovation
Sustainability Innovator - Stakeholder Engagement Triovest Quebec Management Team Triovest Realty Advisors Inc. Innovation
Sustainability Innovator - Stakeholder Engagement Coquitlam Centre Morguard Innovation
Sustainability Champion Devonshire Mall 20 VIC Management Inc. Innovation

About the Healthcare of Ontario Pension Plan

Created in 1960, HOOPP is the pension plan of choice for Ontario's hospital and community-based healthcare sector with over 470 participating employers. HOOPP's 300,000 plus members and retired members include nurses, medical technicians, food services staff and laundry workers, and many other people who work hard to provide valued Ontario healthcare services.

As a defined benefit plan, HOOPP provides eligible members with a retirement income based on a formula that takes into account a member's earnings history and length of service in the Plan. Once eligible members start receiving a pension, they receive it for life. About 80 cents of every pension dollar paid out comes from investment returns.

HOOPP is governed by a Board of Trustees with representation from the Ontario Hospital Association (OHA) and four unions: the Ontario Nurses' Association (ONA), the Canadian Union of Public Employees (CUPE), the Ontario Public Service Employees' Union (OPSEU), and the Service Employees International Union (SEIU). The unique governance model provides representation from both management and workers in support of the long-term interests of the Plan.

To view the photos associated with this release, please visit the following links:

Contact Information

  • Healthcare of Ontario Pension Plan
    Joe Vecsi
    Senior Manager Public Affairs
    416.369-9212 ext 4315