The Better Buildings Partnership today announces Regional REIT as its latest member. They are the 50th organisation to join the membership, which now represents in aggregate over £300bn AUM.

Regional REIT was launched in November 2015, combining two regional real estate funds. The company is managed by London & Scottish Property Investment Management (LSPIM), the asset manager, and Toscafund Asset Management LLP, the investment manager.

Regional REIT’s commercial property portfolio is predominately comprised of regional offices located in the regional UK centres, outside of the M25 motorway. As part of its commitment to sustainability, the company focuses on refurbishing and improving existing assets to improve their value and efficiency rather than developing new properties.

In 2022 Regional REIT committed to having a Net Zero Carbon portfolio by 2050. An ESG Working Party has been set up and subsequently sustainability KPI’s have been agreed. The company is committed to community support, providing free office space to a number of charities. To find out more about their commitment to ESG in their Sustainability Report here.

Sarah Ratcliffe, CEO, Better Buildings Partnership said: “We are thrilled to welcome Regional REIT to the BBP Membership. We look forward to supporting them on their sustainability journey and collaborating with them on a wide range of exciting projects that we have planned for the next year.”

Stephen Inglis, CEO of London & Scottish Property Investment Management, the asset manager to Regional REIT said: “We are delighted to become a member of BBP, to share and learn from our and other members experiences and continue to promote the sustainability benefits in retaining and refurbishing existing real estate assets.”