CBRE Global Investors Achieves Excellent Results From GRESB Benchmark; Seven Funds Named Leading Sustainable Funds And Awarded Green Stars

Oct 27, 2014 10:05 AM ET
​AMSTERDAM, October 27, 2014 /3BL Media/ – CBRE Global Investors has achieved excellent results from the latest Global Real Estate Sustainability Benchmark (GRESB). The survey, which assesses the sustainability performance of funds, has analyzed 28 directly managed funds from CBRE Global Investors. Most of these funds have shown significant average performance improvements and alignment with the global GRESB average benchmark.   The Overall GRESB score for all CBRE Global Investors direct funds participants combined has increased by more than 10 percent. This has been mainly driven by an increase in the Implementation & Measurement score and by the strong Sustainability Management and Policy & Disclosure process implemented over the last year.   The 18 EMEA funds, six Asia funds and four US funds that participated in the survey represent $23 billion of assets under management.   Half the funds that participated this year have improved their global ranking and overall score compared to 2013, and a number have been ranked first in their peer group.  The CBRE Dutch Office Fund and the CBRE Dutch Residential Fund have held their position as the overall "Sector Leader Europe” (including the UK) for the second year.   The CBRE Dutch Office Fund, CBRE Dutch Residential Fund, CBRE Dutch Retail Fund and CBRE Retail Property Fund Ibérica were awarded Green Stars for the third consecutive year. The CBRE Strategic Partners US Value 5 Fund was awarded a Green Star for the second consecutive year. For the first year, a Green Star has been awarded to the CBRE Iberian Value Added Fund and to the CBRE Retail Property Partnership Southern Europe Fund. To be awarded a Green Star means funds excel in having sustainable policies in place and are also active in the implementation of sustainability and effecting change in their portfolios.   Pieter Hendrikse, CEO EMEA and president of the CBRE Global Investors Global Green Team, commented on the results: “These results illustrate our commitment as a business to improve the sustainability of our funds across the globe. What has been achieved is a clear indicator of the improvements made over the year, and we will continue to have significant focus on this area until all our funds are as sustainable as is possible.”   CBRE Global Investors’ direct business, CBRE Clarion Securities and CBRE Global Investment Partners joined as members of GRESB in June 2013.   ###   About Global Real Estate Sustainability Benchmark (GRESB) GRESB is an industry-driven organization committed to assessing the sustainability performance of real estate portfolios (public, private and direct) around the globe. The dynamic benchmark is used by institutional investors to engage with their investments with the aim to improve the sustainability performance of their investment portfolio, and the global property sector at large. The survey was taken with data from 637 real estate companies and funds and a total of 56,000 assets and applies to 2013.   About CBRE Global Investors CBRE Global Investors is a global real estate investment management firm with $92.8 billion in assets under management* as of June 30, 2014. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.   CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG). It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors. CBRE Group, Inc. has approximately 44,000 employees (excluding affiliates) in approximately 350 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.   * Assets under management (AUM) refers to fair market value of real estate-related assets with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of properties and real estate-related loans; securities portfolios; and investments in operating companies, joint ventures and in private real estate funds under its fund of funds program. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers.     CONTACT

Helen Stott
Associate, Communications
London,UK
Tel +44 20 7809 9098
helen.stott@cbreglobalinvestors.com

or

Pam Barnett
Director of Corporate Communications
Los Angeles, CA
Tel +1 213 683 4368

pam.barnett@cbreglobalinvestors.com