Skip to main content

KingSett Capital Retrofits

Green Infrastructure
Ontario and British Columbia
$47 million
(financial close)
KingSett Capital

Enabling green energy retrofits in commercial buildings in Toronto and Vancouver

CIB $47-million loan will support KingSett Capital transition buildings to net-zero

Fast facts

Reduces 6,095 tonnes of greenhouse gas emissions annually
More than 4.8M square feet of space to be upgraded with low-emitting technologies
Enhances building energy efficiency and energy cost savings

We are helping to accelerate the reduction of 6,095 tonnes of greenhouse gas emissions in commercial buildings located in Toronto and Vancouver with our $47 million loan to KingSett Capital.

Each property will have unique upgrades to enable significant carbon reductions. The overarching implementation strategy includes fuel switching, electrification and upgrades to the buildings’ heating and cooling systems.

Once complete, the buildings will be net-zero ready and achieve the Canada Green Building Council’s Zero Carbon Building standard.

Benefits of CIB involvement

The CIB’s Building Retrofits Initiative targets deep energy-efficient upgrade projects which typically carry higher costs and longer payback periods that private capital markets have historically been unwilling to support.

The CIB’s investment will allow KingSett Capital to undertake energy efficiency and decarbonization improvements at scale by helping to finance upfront capital costs. The loan will be repaid through the energy savings generated by the retrofits over a long-term period.

Learn more

Office building
Government of Canada

Supporting energy retrofits to existing commercial and industrial buildings go a long way towards reducing greenhouse gas emissions across the country. The investments being made through the CIB’s Building Retrofit Initiative are critical to helping Canada achieve its goal of net-zero by 2050.

Hon. Sean Fraser, Minister of Housing, Infrastructure, and Communities
KingSett Capital

KingSett is pleased to partner with the CIB as we continue to advance our Sustainability Strategy. Decarbonizing our assets at the right time, with the right technologies, design and team, creates value economically, environmentally and socially for our stakeholders.

Rob Kumer, Chief Executive Officer