DES MOINES, Iowa–(BUSINESS WIRE)–Principal Financial Group® at this time introduced its dedication to change into a Fitwel Champion through its Principal Real Estate Investors enterprise, increasing the help offered to advance well being and wellness initiatives for tenants and occupants inside its international actual property funding portfolio.
As a Fitwel Champion, Principal® pledges to certify no less than six properties with Fitwel over the subsequent 12 months. Properties that obtain Fitwel certification for his or her wholesome design and operational methods will carry the designation for a interval of three years earlier than recertification is required.
“We now have vital expertise designing, developing, and working buildings in addition to overseeing capital and tenant enhancements with the well being, security, and welfare of constructing occupants in thoughts,” mentioned Jennifer McConkey, senior director of operations and sustainability for Principal Actual Property Traders. “Our determination to change into a Fitwel Champion additional demonstrates to our stakeholders that we’re dedicated to main the motion to extend the well being and wellness of the constructed surroundings.”
Principal Actual Property Traders has one property already Fitwel licensed. Park Place in Irvine, Calif., acquired its certification in June 2019. The combined use workplace plaza has applied a number of well being and wellness facilities to fulfill certification requirements, together with a complimentary health program for all tenants, indicators prompting occupants to take the steps as an alternative of elevators, wholesome meals choices and well being graphics out there café and occasional bars, wholesome decisions in merchandising machines, and ample, well-lit strolling trails.
In working to acquire further property certifications to satisfy its dedication as a Fitwel Champion, Principal will make the most of its Pillars of Responsible Property Investing initiative to assist information selections and actions. Fitwel has change into one other side of the agency’s PRPI program, additional integrating well being and wellness into its Environmental, Social, and Governance (ESG) framework that’s efficient in serving to drive actual property funding and administration via market resilience, company governance, and property efficiency.
About Principal®
Principal® helps individuals and corporations around the globe construct, defend, and advance their monetary well-being via retirement, insurance coverage, and asset administration options that match their lives. Our staff are keen about serving to purchasers of all earnings and portfolio sizes obtain their targets – providing revolutionary concepts, funding experience, and real-life options to make monetary progress potential. To seek out out extra, go to us at principal.com.
About Principal Actual Property Traders
Principal Real Estate Investors manages or sub-advises $86.5 billion in industrial actual property property (as of September 30, 2020). The agency’s actual property capabilities embody each private and non-private fairness and debt funding options. Principal Actual Property Traders is the devoted actual property group of Principal Global Investors, a diversified asset administration group and a member of the Principal Financial Group®.
About Fitwel and the Heart for Energetic Design
In simply three years, Fitwel has change into the main international well being certification system, seeing a dramatic uptick in use, with 80% progress in certifications yearly. Generated by knowledgeable evaluation of over 5,600 educational analysis research, Fitwel is implementing a imaginative and prescient for a more healthy future the place all buildings and communities are enhanced to strengthen well being and well-being. Fitwel was created by the U.S. Facilities for Illness Management and Prevention and U.S. Basic Companies Administration. The Heart for Energetic Design, a world not-for-profit group, was chosen because the licensed operator of Fitwel, charged with increasing Fitwel to the worldwide market.
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