3GV by Rx Propellant achieves landmark sustainability certification as World’s First ‘IFC-EDGE Advanced’ Certified Speculative Life Sciences Building

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IFC-EDGE Advanced’ Certification of 3GV

Announcement by Rx Propellant (for Press Release)

3GV by Rx Propellant achieves landmark sustainability certification as World’s First ‘IFC-EDGE

Advanced’ Certified Speculative Life Sciences Building

 Located in Hyderabad’s Genome Valley, 3GV Life sciences & Pharma Center spans an expansive

150,000 sq. ft.

 The facility boasts an impressive 41% reduction in energy consumption, 87% decrease in water

usage, and 25% decrease in embodied carbon in materials compared to conventional buildings.

 Designed for multi-tenancy, the facility houses some of the leading Contract Development and

Manufacturing Organizations (CDMOs).

14 th May 2024, Hyderabad: Rx Propellant, India’s leading life sciences infrastructure platform, proudly

announces that 3GV, one of its pharma and life sciences facilities located at Genome Valley, Hyderabad,

has secured the distinction of being the first ‘IFC-EDGE Advanced’ Certified Speculative Life Sciences

Building, globally.

Rx Propellant has a proven track record of delivering specialized life science real estate projects across

India with current portfolio in Hyderabad, Bengaluru, and Mumbai. The company has taken the helm in

developing 3GV as a flagship life sciences and pharma center, with a total built-up area of 150,000 sq. ft.

Drawing upon its leadership team’s collective expertise spanning over 40 years and a steadfast

commitment to excellence, Rx Propellant aims to set a pioneering standard for green building

performance in India with 3GV.

EDGE (Excellence in Design for Greater Efficiencies) certification is a globally recognized standard for

green building performance by IFC (International Finance Corporation by World Bank). It evaluates

buildings on various parameters including energy efficiency, water conservation, and embodied carbon

in materials. Achieving the ‘IFC- EDGE Advanced’ certification requires a building to reach at least 40% in

energy saving signifying that a building is designed to surpass standard building practices in terms of

resource efficiency and environmental impact reduction.

3GV stands out with remarkable statistics showcasing its environmental commitment. The facility boasts

an impressive 41% reduction in energy consumption, 87% decrease in water usage, and 25% decrease in

embodied carbon in materials compared to conventional buildings of its size and type. These

achievements underscore Rx Propellant’s dedication to sustainability in developing 3GV and its role as a

leader in environmentally responsible building practices in the life sciences real estate sector.

Mr. Vishal Goel, Managing Director, Rx Propellant said, "At 3GV, we are dedicated to pushing the

boundaries of sustainability and innovation in the life sciences industry. Our ‘IFC-EDGE Advanced’

certification not only reflects our commitment to the environment but also positions us as a preferred

partner for companies seeking sustainable and efficient infrastructure."

‘IFC-EDGE Advanced’ Certification of 3GV

Announcement by Rx Propellant (for Press Release)

Mr. Milind Ravi, Chief Executive Officer, Rx Propellant said, “It is a huge milestone for us in the

direction of reinforcing our commitment towards sustainability. Apart from 3GV we have a series of

subsequent projects where we aim to achieve EDGE Net Zero certifications. Industry puts a premium on

facilities that are environmentally sustainable and are aligned with their overall ESG goals.”

Shami Nissan, Partner, Head of Sustainability at Rx Propellant’s parent company Actis, added: “With

the support of Actis’ sustainability team, Rx Propellant is on a path to becoming a true sustainability

leader in India’s life sciences real estate market. It is fantastic to see the assets achieve external

recognition for best-in-class sustainability credentials, as evidenced by this landmark certification for

3GV, and these can help drive additional value and, in the case of efficiency measures, cost savings. It’s a

win-win.”

EDGE-certified buildings offer tangible benefits for businesses operating in the life sciences industry; by

significantly reducing energy and water consumption, it translates into substantial cost savings for life

science companies. Green buildings have been shown to enhance occupant health and well-being by

providing improved indoor air quality, natural light, and thermal comfort. EDGE certification aligns with

this ethos by promoting sustainable building practices that reduce greenhouse gas emissions and

conserve natural resources. In an increasingly eco-conscious marketplace, consumers and investors alike

are placing greater importance on sustainability.