CASE STUDY: PROPERTY MANAGEMENT
Getting Serious About Waste Diversion
About Choice Properties
Canada’s preeminent diversified real estate investment trust, is the owner, manager and developer of a high-quality portfolio comprising 724 properties totaling 65.6 million square feet of gross leasable area. The portfolio is comprised of retail properties, predominantly leased to necessity-based tenants, industrial, office and residential assets concentrated in attractive markets and offers an impressive and substantial development pipeline. Choice Properties’ strategic alliance with its principal tenant, Loblaw Companies Limited, the country’s leading retailer, is a key competitive advantage providing long-term growth opportunities.
Choice Properties was interested in switching over from their traditional hauler direct agreement that was costly and inefficient. Additionally, with sustainability as one of their key values, Choice Properties wanted to find new ways to encourage tenants to waste diversion. The RecycleSmart Waste Wizards managed a seamless transition process from hauler direct to managed services and implemented a comprehensive education program for tenants.
How We Helped
The RecycleSmart expert procurement team helped Choice Properties optimize their hauler direct contracts to ensure the best vendors were immediately start realizing savings by transferring all Calgary properties to RecycleSmart managed services.
- Annual operational cost reduction of $150k across the property portfolio
- Developed and delivered a comprehensive training and education program for tenants to promote proper recycling program usage and increase organic waste diversion
- Consolidated sustainability reporting for all properties to easily benchmark and set future sustainability goals
Reduction in Annual Operation Costs
I have worked with RecycleSmart for almost a decade and although there are many things I am grateful for, one thing I can always count on is Ownership. Treating our assets as one of their own, they have always
been successful in finding cost savings, managing our clients like their clients and stake holders and therefore providing the best customer service I have ever experienced.