Office Towers

Slate & Greystone

Portfolio LED Upgrade 15 Towers completed in 6 Weeks

Why build new if it’s more cost-effective to revitalize an existing building? It’s a successful strategy adopted by Slate Asset Management, a real estate investment firm with a portfolio across North America and Europe. Slate not only acquires and improves commercial properties, but stays on as building operators; a holistic, “all in” approach that’s attractive to both investors and prospective tenants.

Several years ago, Slate, partnered with Greystone Managed Investments Inc., acquired a 15-building portfolio of older commercial office buildings. To reduce costs, ownership decided that a complete LED lighting retrofit was in order. The challenge was a 15 Office Tower portfolio needed every single light converted to LED in 2 months when the normal time for such a project was typically 1 year. In 2015 few companies had experience to execute as LED was relatively new and an initiative of this size and scope was rare. TGL was awarded the contract and used a crew of 90 electricians to finish the project in an unbelievable 6 weeks. This project was featured by Toronto Hydro as a case study and included in The Globe & Mail news paper.

Project Highlights

15 Office Towers
Approximately 2,200,000 Sq. Ft

Project Cost Range:$3,500,000 - $4,500,000

Energy Savings:51.67%

Payback:1.93 Years

Annual Return:51.90%

Annual KWH Saved:8,842,000

Properties

251 Laurier St., Ottawa
191 Laurier St., Ottawa
2 St. Clair Ave. W., Tor
30 St. Clair Ave. W., Tor
40 St. Clair Ave. W., Tor

55 St. Clair Ave. W., Tor
2 St. Clair Ave. E., Tor
21 St. Clair Ave. E., Tor
56 Wellesley St, Tor
151 Bloor St. W, Tor

5 Park Home Ave., Tor
154 University Ave., Tor
1 St. Clair Ave. W., Tor
2323 Yonge St., Tor
5075 Yonge St., Tor

Kingsett

TGL Awarded Portfolio wide LED Upgrade

Founded in 2002, KingSett has raised $11 billion of equity for its Growth, Income, Urban and Mortgage strategies. Currently, KingSett has $13.0 billion of assets under management. In 2017 Kingsett set in motion a plan for a portfolio wide upgrade to LED for all of its properties. TGL a full-service large-scale LED project specialist was selected to perform a portfolio wide lighting assessment of the Office, Retail and Residential portfolios. A 15 property LED upgrade project was created and awarded to TGL.

Project Highlights

12 Office Towers
Approximately 1,700,000 Sq. Ft
2 Retail Shopping Malls
1 Residential Building in Yorkville

Project Cost Range:$1,500,000 - $2,000,000

Energy Savings:61.57%

Payback:1.36 Years

Annual Return:73.68%

Annual KWH Saved:5,938,000

Properties

66 Slater St., Ottawa
130 Slater St., Ottawa
2075 Kennedy Rd., Scar
130 Bloor St. E., Tor
6285 Northam Dr., Miss

155 Cumberland St., Tor
700 Bay St., Tor
1235 Bay St., Tor
1255 Bay St., Tor
8 King St. E, Tor

10 King St. E, Tor
18 King St. E, Tor
83 Yonge St., Tor
785 Wonderland Rd. S, London
7664 Tecumseh Rd. E., Windsor

Allied Properties

11 Office Tower Project ON, AB

Allied is a leading owner, manager, and developer of distinctive urban workspace in Canada’s major cities. In this project Allied required a company who could start immediately and finish by year end (2 months). A proven track record of fast execution, flexibility and high level of service were the deciding factors in the selection of TGL as the contractor of choice to meet the diverse lighting requirements.