No.1 Spinningfields achieves landmark accreditation, setting new standard for sustainability in Manchester
Schroders Capital, the $99.3bn private markets business of Schroders, announces today that No.1 Spinningfields, one of Manchester’s most iconic commercial buildings, is celebrating its achievement of a 4.5-star NABERS UK Energy rating.
NABERS UK is a globally recognised and trusted rating system that evaluates the energy efficiency and sustainability of office buildings, setting the standard for excellence in commercial real estate across the UK. No. 1 Spinningfields has achieved a 4.5 star 'base building certified performance' rating. It is currently the only building in Manchester with a 4.5-star rating within this category and the highest rated 'base building certified performance' in the UK.
Over the past 12 months, Schroders Capital’s real estate team, supported by property manager Form and sustainability consultancy SWECO, has worked to reduce the building’s energy consumption. Efforts resulted in a 35% reduction in gas usage and an 11% reduction in electricity consumption, achieving the 4.5-star milestone 12 months ahead of schedule.
The proactive approach to asset management, led by its Manchester-based team, has also resulted in record rents, reinforcing No. 1 Spinningfields as the city’s leading office scheme.
The prime office building is fully let to tenants including PWC’s northern headquarters, with recent activity also including a letting to the service office operator, Cubo. The continued success showcases the growing demand from high-growth occupiers and highlights the building’s flexibility and appeal.
Schroders Capital’s real estate business is a strategically important growth area, with the team currently managing over $27.3 billion of assets in a range of strategies across 16 markets globally. Its
UK Real Estate team has a proven track-record, with over 50 years of experience and deep expertise spanning investment and portfolio management as well as asset operations.
Rob Prescott, Asset Manager at Schroders Capital, said:
“No.1 Spinningfields’ 4.5-star rating reflects operational results, solidifying the building’s strong sustainability positioning and underscoring our commitment to innovation.
Achieving a high NABERS rating is not only about energy efficiency but also about driving down consumption and costs. It’s a powerful testament to what the building offers our tenants as well as our team’s dedication and deep expertise.”
Makoto Fukui, Fund Manager at Schroders Capital, said:
“This accreditation is another milestone in our long-term objective for No.1 Spinningfields to offer best-in-class occupier experience and sustainability performance.
This would not have been possible without the collaborative relationship that our team and advisers have forged with our occupiers, and we thank all our partners for their efforts in achieving this result.”
Anthony Rothwell, Executive Director at Form Property, said:
“As the managing agent for No.1 Spinningfields, we are proud to have played a key role in achieving a 4.5-star NABERS UK rating. Working alongside Schroders Capital and with the technical expertise of Sweco, this achievement underscores our commitment to driving sustainability and operational excellence in commercial property. Enhancing energy efficiency is a core part of our approach, and we are pleased to see this recognition of the building’s performance.”
Kartik Amrania, Head of Building Sustainability Team, UK for Sweco, said:
“No. 1 Spinningfields building design was ahead of its time and designed to achieve high energy performance on the virtue of its building services and optimised façade design. Following the combined effort of building optimisation by Sweco, Schroders Capital and the Form Property Team, the building has achieved its first stage of optimal performance on the pathway for higher performance. The NABERS UK rating of 4.5 Stars is testimony to the design team to design an asset capable of offering future high-energy performance.”
No.1 Spinningfields exemplifies this commitment, offering tenants a cutting-edge, energy-efficient space that aligns with modern environmental standards.
For further information, please contact:
Lisa Kerr | Roland & Dransfield | lisa.kerr@rdpr.co.uk |
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Schroders Capital
Schroders Capital provides investors with access to a broad range of private market investment opportunities, portfolio building blocks and customised private market strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customised private market mandates.
The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterised by performance, collaboration and integrity.
With $99.3 billion (£79.3 billion; €95.9 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitised products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists).
*Assets under management as at 31 December 2024 (including non-fee earning dry powder and in-house cross holdings.
Schroders plc
Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £778.7 billion (€941.8 billion; $975.3 billion) of assets under management at 31 December 2024. As a UK listed FTSE100 company, Schroders has a market capitalisation of circa £6 billion and over 6,000 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Schroder family continues to be a significant shareholder, holding approximately 44% of the issued share capital.
Schroders' success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate.
Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.
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[1] As of 31 December 2024 (including non-fee earning dry powder and in-house cross holdings)
[2] As of 31 December 2024 (including non-fee earning dry powder and in-house cross holdings)