Ascott gains an EDGE in the Philippines

In a world’s first, International Finance Corporation (IFC), a member of the World Bank Group, has signed a Memorandum of Understanding (MoU) with Ascott to pioneer a green building certification for serviced residences, as part of IFC’s Excellence in Design for Greater Efficiencies (EDGE) system. 

Ascott Makati in the Philippines is set to be the first serviced residence to receive this EDGE certification. 

Under the MoU, Ascott and IFC will also jointly source for properties to be developed to the EDGE’s new serviced residence green standards, with potential financial support from IFC, as well as management services provided by Ascott.