Investment-grade advisory for real asset resilience

Albyberg is a prefabricated logistics building to be constructed near Stockholm, Sweden. As a central part of TPG Angelo Gordon’s pre-acquisition due diligence process, alpha ran a climate risk assessment, renewables study and early-stage energy modelling to produce a CRREM alignment stress-test. Future climate scenarios were analysed to understand how the building would need to perform over time.

Analysing multiple operational scenarios — from low-intensity storage to light industrial use — we identified the tipping point at which the asset would fall out of alignment with CRREM pathways, relative to the high performance of the Swedish grid baseline. Heat stress also emerged as a plausible future risk, needing a mitigation strategy.

We then assessed mitigation levers. Roof-mounted solar arrays of varying outputs were tested, with installation limits factored in to avoid triggering grid export contracting requirements. On this basis we were able to specify the roof structure be engineered to support future PV installation and to enable the later addition of cooling plant without incurring premature capital cost.

As part of a post-completion process, alpha developed evidence-based whole life carbon data for the current owners of The Lighthouse in Amsterdam’s District West. TPG Angelo Gordon and APF International have redeveloped the building into a modern grade-A workspace, extending and upgrading the facility while significantly reducing its carbon footprint.

Our reporting covered CRREM misalignment and identified lessons learnt through the implementation of key sustainability measures including de-mountable mass timber, reuse of the original facade materials, upgraded connections to the district’s ground-source heat (GSH) network, and integration of smart energy-management technology.

A part of an exit diligence piece we defined the necessary steps for the sale to an Article 9 fund, applicability to the Paris Proof Accreditation, and the future opportunity of obtaining carbon credits for monetising the carbon stored within the timber structure.

144 Kingston road is a 8,403m² student residential scheme in south London. Developer client, Hollybrook, appointed alpha to assess emerging design, materials and build options to help its team understand the cost and emissions implications of different approaches across the life of the building.

Whole-life thinking exposes risks and finds levers that are hidden when either embodied or operational energy is considered in isolation. Our assessment showed that while upfront embodied emissions performed 23% better than GLA BAU, in-use stages were 58% higher — driven mainly by refrigerant leakage and frequent FF&E replacement. This shifted the team’s focus from structure alone to the long-tail impact of systems and maintenance.

Comparative structural analysis showed that precast construction had 7% lower WLC than in-situ, primarily because of a shorter programme (lower site energy), better airtightness (lower B6), and durability (avoided B4 replacements), proving that sequencing and longevity, not just material choices, are important carbon variables.