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GWL Realty Advisors

GWL Realty Advisors Delivers $61,740 in Annual Savings for Tenant Through Energy Efficiency

GWL Realty Advisors supplies Canadian businesses with warehouse, commercial and industrial space from coast to coast. With 185 buildings and close to 13 million square feet of space in its Greater Toronto Area (GTA) portfolio alone, GWL Realty Advisors understands the importance of seeking out and implementing energy conservation strategies. Rental rates for industrial spaces are relatively comparable, so a simple way to manage expenditures is to reduce electricity costs. Applying energy efficiency measures ensure that costs remain under control for their tenants. “There’s only three things you can control in terms of expenses and energy use: the water bill, the hydro bill and the gas bill,” said Ken MacDonald, Manager of Technical Services at GWL Realty Advisors. “We’ve retrofitted over 48% of our portfolio. We look at it as tenant retention.”

GWL’s Kenderry/Admiral Business Park in Mississauga is a key part of their portfolio, providing vital warehouse and industrial space for growing businesses in Southern Ontario. JYSK Canada, a leading global retailer in home furnishings and accessories, occupies one of the single-tenant buildings in the business park. With approximately 145,300 square feet of space, the JYSK Canada facility requires extensive lighting that is operational for much of the day and night. With the support of Save on Energy Retrofit Program incentives, which helps businesses retrofit their facilities with energy efficient upgrades, GWL Realty Advisors implemented a new lighting system at JYSK Canada.

The local hydro company, Enersource Hydro Mississauga, has been a long-time partner with GWL Realty Advisors and helped them process their Retrofit Program incentive application. Once approved, GWL Realty Advisors went ahead and installed 319 new energy efficient T8 light fixtures and 272 occupancy sensors. The T8 lamps operate on electronic ballasts that have improved energy efficiency and direct light more intensely toward work areas that need it the most. The installation did not require any major construction or renovation. They were installed, tested, adjusted and put into full-time service without interfering with the facility’s operations.
The Save on Energy Retrofit Program incentive provided GWL Realty Advisors with $42,165 to upgrade lighting in the JYSK Canada facility, which resulted in a short payback period of  approximately 13 months.

The resulting decrease in energy usage was substantial, with a reduction of 561,279 kWh per year. This translates to annual energy savings of approximately $61,740, which allows GWL Realty Advisors and its tenant to have more certainty in their business costs from year to year. “The savings were surprising, it far exceeded our company’s expectations,” said Paul Carter, Distribution Center Manager at JYSK Canada. “The Save on Energy program is a viable one. Other companies should consider it and see the savings for themselves.”

“10 years ago, people didn’t really care about energy efficiency the way they do today,” added MacDonald. “Now it is a core part of our business planning. Our main job is to try and save tenants money, and the Save on Energy incentives are a great way to help us achieve that.”
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