SHENZHEN, China, Aug. 24, 2020 /PRNewswire/ -- Nam Tai
Property Inc. ("Nam Tai" or the
"Company") (NYSE Symbol: NTP) is pleased to announce
that Towers A, B and C of Nam Tai Technology Center have
received Gold precertification under the Leadership in Energy and
Environmental Design (LEED) v4 Building Design and
Construction: Core and Shell Development (CS) rating system. This
precertification represents a strong endorsement of the Company's
commitment to high-performance green building and acknowledges the
efforts Nam Tai has made on this important development
project.
"We are pleased to have received this precertification, which
represents a recognition of our commitment to provide
tenants with a healthy, comfortable, environmentally friendly,
intelligent and safe business environment," said Ying Chi Kwok, Chairman of the Board of
Directors and Chief Executive Officer, "We have long been
advocates of green development, low carbon impact and the health
and well-being of our tenants, and are glad to see the market and
the industry continue to embrace these important values. Our goal
is for Nam Tai Technology Center to embody these concepts
by implementing practical, measurable strategies and
solutions to achieve high performance and natural
resource savings. This includes the integration of environmentally
friendly processes, materials, resources, water savings, efficiency
enhancements and more, creating an overall atmosphere of health and
indoor environmental quality. Going forward, Nam Tai will continue to strive to be the new
benchmark for eco-friendly project development to provide the best
possible office environment for our tenants with the least
ecological impact."
Upon completion, Nam Tai Technology Center will utilize
cutting-edge outdoor air volume monitoring system, carbon dioxide
detection systems and variable refrigerant volume air conditioning
systems to create a healthy, comfortable and efficient indoor
environment. The estimated comprehensive energy saving rate is
expected to reach 19% under the LEED energy efficiency optimization
framework. This will be achieved through optimized equipment
selection and control procedures and by constraining the level of
energy consumption within the standard range set by Shenzhen City, which will also
reduce operation and maintenance costs. Water conservation and
efficiency will also be improved through the use of non-traditional
water sources and the adoption of lower water flow appliances, with
the indoor water saving rate expected to reach 45% compared with
the LEED baseline building.
Nam Tai Technology Center commenced construction of the main
structure in July 2019 and obtained
the Property Ownership Certificate in November 2019. Construction of the Center's
basement and main structure is currently ongoing. The completed
project will include three industrial office buildings,
one dormitory and additional business space, and, once
completed, the Company expects that Nam Tai Technology Center will
receive LEED gold certification.
About LEED
The LEED rating system, developed by the U.S. Green Building
Council, is the foremost program for buildings, homes and
communities that are designed, constructed, maintained and operated
for improved environmental and human health performance. A
building can achieve LEED certification under various rating
systems of LEED after undergoing a technically rigorous process,
including the incorporation of green strategies to achieve enhanced
efficiency and healthy indoor environments. Through energy savings,
water reservation, CO2 emission reduction, and improvement of
indoor environment quality, resource services and other aspects,
this process is fundamentally changing the design, construction and
operation of buildings and communities.
About Nam Tai Property
Inc.
We are a real estate developer and operator, mainly conducting
business in Mainland China. Our main land resources are located in
the Guangdong-Hong Kong-Macao
Greater Bay Area ("Greater Bay Area") and Wuxi, China, of which the three plots in
Shenzhen will be developed into
Nam Tai Inno Park, Nam Tai Technology Center and Nam Tai Inno Valley. We plan to build these
technology parks into landmark parks in the region and provide
high-quality industrial offices, industrial service spaces and
supporting dormitories to the tenants. Based on the experience of
developing and operating technology parks and an industrial
relationship network accumulated over the past 40 years, we have
also exported the operation model of technology parks to other
industrial properties. Through an asset-light model, we have leased
industrial properties for repositioning and business invitation. We
will also expand the commercial and residential property business
in China as an auxiliary
development strategy of the Company. As the growth prospects of
China maintain, we shall seize
development opportunities in the Greater Bay Area and other first-
and second-tier cities in China,
and continue to strengthen and expand the business of industrial
real estate, and commercial and residential properties. Nam Tai
Property Inc. is a corporation registered in the British Virgin Islands and listed on the New
York Stock Exchange (Symbol: "NTP"). Please refer to our corporate
website (www.namtai.com) or the SEC website (www.sec.gov) for our
press releases and financial statements.
Forward-looking Statement and Factors that Could Cause our
Share Price to Decline
Certain statements included in this press release, other than
statements of historical fact, are forward-looking statements.
Forward-looking statements generally can be identified by the use
of forward-looking terminology such as "may", "might", "can",
"could", "will", "would", "anticipate", "believe", "continue",
"estimate", "expect", "forecast", "intend", "plan", "seek", or
"timetable". These forward-looking statements, which are subject to
risks, uncertainties, and assumptions, may include projections of
our future financial performance based on our growth strategies and
anticipated trends in our business and the industry in which we
operate. These statements are only predictions based on our current
expectations about future events. There are several factors, many
beyond our control, which could cause results to differ materially
from our expectation. These risk factors are described in our
Annual Report on Form 20-F and in our Current Reports filed on Form
6-K from time to time and are incorporated herein by reference. Any
of these factors could, by itself, or together with one or more
other factors, adversely affect our business, results of operations
or financial condition. There may also be other factors currently
unknown to us, or have not been described by us, that could cause
our results to differ from our expectations. Although we believe
the expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee future results, levels of activity,
performance, or achievements. You should not rely upon
forward-looking statements as predictions of future events. These
forward-looking statements apply only as of the date of this
announcement; as such, they should not be unduly relied upon as
circumstances change. Except as required by law, we are not
obligated, and we undertake no obligation, to release publicly any
revisions to these forward-looking statements that might reflect
events or circumstance occurring after the date of this press
release or those that might reflect the occurrence of unanticipated
events.
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SOURCE Nam Tai Property Inc.