a.s.r. reim

Higher GRESB scores for all a.s.r. Real Estate Investment Management funds

08-09-2017
Higher GRESB scores for all a.s.r. Real Estate Investment Management funds

Four stars for ASR Dutch Core Residential Fund

This year, all a.s.r. Real Estate Investment Management (a.s.r. REIM) funds have improved on last year's scores on the Global Real Estate Sustainability Benchmark (GRESB). The ASR Dutch Core Residential Fund even recorded an excellent performance, with its GRESB score for 2017 coming out 28.5% higher than in 2016 at 72 (on a scale of 0 to 100). The fund was also awarded four out of the maximum possible five stars. The ASR Property Fund increased its score by 10.5% to 64 and now has three stars, while the three-star score achieved by the ASR Dutch Prime Retail Fund in 2017 was 4.8% higher at 66. As a result, all the funds now score above the average for their peer groups.

Sustainability is an integral part of the strategy of the a.s.r. REIM funds. One of the activities undertaken in 2016 by the ASR Dutch Core Residential Fund was to upgrade 46 family homes in Zeist from energy label F to A and to make preparations for sustainably upgrading 474 homes in Nieuwegein, Amsterdam and Hilversum. Over the past year, the ASR Dutch Prime Retail Fund also converted some 600m² of space above retail properties into residential accommodation with a green energy label and concluded 100% green lease agreements.

According to Robbert van Dijk, Director of the ASR Dutch Core Residential Fund and in charge of a.s.r. REIM’s corporate social responsibility team, “We’ve been investing in real estate and land for our clients for over 125 years. We call it investing with perpetual value. Sustainability is a structural part of our organisation. And it’s good to see these structural efforts to increase our sustainability also being rewarded by higher scores this year, and by the four stars awarded to the ASR Dutch Core Residential Fund.”

Lizzy Butink, a.s.r. REIM’s Sustainability Manager, comments, “We’re proud of the progress we’re making in terms of sustainability. At the same time, we’re aware that there are still many other opportunities in the real estate sector to have a positive impact on climate change.”


The ASR Dutch Mobility Office Fund, which was set up in December 2016, will take part in GRESB for the first time in 2018.

GRESB
GRESB is an independent benchmark that assesses the sustainability policies of real estate investment funds and portfolios around the world. Fund managers can use their GRESB scores as the basis for examining and improving their sustainability policies.

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