© VALUE RETAIL PLC 2015 | STRICTLY PRIVATE AND CONFIDENTIAL

FMP Conference, Celtic Manor, April 2016

Dan Widdon – Group Sustainability Manager

Closing the Building Performance Gap through

collaboration

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Our Heritage – Two Rodeo Drive, Beverly Hills – S.D. Malkin Properties

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Two Rodeo Drive, Beverly Hills – S.D. Malkin Properties

“Nonehas yetmatched Value Retail’s

attention to detailwhen itcomes to

the totalenvironment.”

Lucia van der PostSpears

Financial Times Fashion Correspondent

© VALUE RETAIL PLC 2015 | STRICTLY PRIVATE AND CONFIDENTIAL

Kildare Village | Dublin

Las Rozas Village | Madrid

Fidenza Village | Milan

We are creators of luxury retail experiencesserving the discerning travelling luxury consumerin the most coveted locations in Europe and China.

We are retailers serving retailerssupporting our brand partners to achieve their maximum

sales potential.

We are tourism professionalspartnering with global tourism leaders to welcome a new

global guest.

And we are hostswelcoming 35 million guests who shop with us, dine

with us, and unwind with us each year.

Who WeAre

Where WeAre

Bicester Village

Kildare Village

Maasmechelen Village Wertheim

Village

DUBLIN

LONDON

BRUSSELS FRANKFUR

T

MILAN

Fidenza VillageBOLOGNA

PARIS

La Vallée Village Ingolstadt Village

MUNICH

La Roca VillageBARCELONA

Las Rozas Village

MADRID

BEIJINGTOKYO

Suzhou VillageSHANGHAIShanghai Village

Opening May 2016

HONG KONG

BANGKOK

China

“Value Retail: a distinctive new groundbreaking tourism experience with its international luxury shopping

Villages.”Global Report on Shopping Tourism 2014, United Nations World Tourism

Organization (UNWTO)

Global Report on Shopping Tourism 2014United Nations World Tourism Organization (UNWTO)

“Value Retail’s uniqueformula for a

‘retailment’ experiencehas

increasingly attractedtheupwardly mobile middleclasses, reflecting their

attitudes andvalues.”

© VALUE RETAIL PLC 2015 | STRICTLY PRIVATE AND CONFIDENTIAL

Value Retail GroupExperiential Shopping for the Travelling Luxury Consumer

11 Villages in 8 countries

xx% growth in tax-refunded sales year on year

Sustainability at the heart of everything we do

5 years GRESB reporting

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Value Retail Group

Kildare Village BREEAM Very Good (pending)

Fidenza Village (Italy) 38% CO2 reduction

Energy Management Group Wide

Brand Engagement to enhance shared vision

© VALUE RETAIL PLC 2015 | STRICTLY PRIVATE AND CONFIDENTIAL

Dan Widdon – Development Manager (Sustainability)

Warm-up Act to a few sessions on profitability and performance being

improved through collaboration

Renewable Energy Engineer with 10 years property experience and a global

outlook

Role is to meld the professional team charged with delivering our environmental objectives

I’m pleased to be speaking to you on aspects of project performance proven to

achieve best practice

© VALUE RETAIL PLC 2015 | STRICTLY PRIVATE AND CONFIDENTIAL

POPPOP

• Purpose (What) – Inspire, Inform and Implement Better Lifestyles

• Outcomes (Why) – Effect Positive Change

• Process (How) – Enlighten, Engage and Empower

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INSPIRE

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INSPIRE

• UNFCCC Rio Earth Summit 1992

• “Development which meets the needs of the present without compromising the ability of future generations to meet their own needs.”• (Gro Harlem

Brundtland, 1987)

• UNFCCC Kyoto Protocol 1997

• UNFCCC Paris Climate Conference, 2015

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REINFORM

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© VALUE RETAIL PLC 2015 | STRICTLY PRIVATE AND CONFIDENTIAL

Soft Landings LightClient appoints designer as commissioning managerCollaboration of designer, contractor and facilities manager towards PC

Specialist Commissioning Agents

Commissioning Standards by CIBSE/BSRIA

Initial commissioning phaseProactive engagement of project team with facilities manager and occupants

Mid-season and peak season commissioning phases in yr 1

Proactive programme of maintenance and

improvements (controls and processes)

Significant alignment of design intent, and operational

performance/experience!

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BREEAM & LEED

Third Party Certification beyond RegulationCollaborative Approach works well

Evidence burden (and costs) greatest with LEED

LEED rewards investment in environmental benefits

BREEAM rewards compliance with environmentally focused and peer reviewed

objective criteria

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PassivHaus

Energy Focussed with occupant comfort paramount

PassivHaus Planning Package (Excel)Requires immaculate architectural detailing

Verification in stages during construction>30,000 accredited buildings realised

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WELL Building Standard

Occupant centred standardHealth and well-being with global benefits

Verified by document review and performance evaluation

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Living Building Challenge

International Living Future InstituteFocus on regenerative projects

Status Quo is to be less bad (fail)Success feels good and is centred on ideal

outcomes

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© VALUE RETAIL PLC 2015 | STRICTLY PRIVATE AND CONFIDENTIAL

© VALUE RETAIL PLC 2015 | STRICTLY PRIVATE AND CONFIDENTIAL

Appointments and Design BriefsDevelop a clear design brief

Include Schedule of Duties in consultant appointment

Implement design review processesProvide design sign-off in a timely manner

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Seasonal CommissioningPerformance specification or traditional design

Planned, budgeted and programmed commissioning

Independent Commissioning ManagerFM involved begins as early as possible

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Empower OccupantsProvide relevant information in an accessible

formatProvide a walk around handover to the building

managerReap the rewards of fewer issues and easier

resolution

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INFORM

Engage

Occupy or Attract Someone’s Attention

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INFORM

Enlighten

To give someone greater knowledge & understanding about a subject or situation

© VALUE RETAIL PLC 2015 | STRICTLY PRIVATE AND CONFIDENTIAL

INFORM

Empower

To give somebody the authority or power to do something

© VALUE RETAIL PLC 2015 | STRICTLY PRIVATE AND CONFIDENTIAL

© VALUE RETAIL PLC 2015 | STRICTLY PRIVATE AND CONFIDENTIAL

Effecting Positive Change

EFFECTING POSITIVE CHANGEPutting sustainability at the heart of everything we do.