TH Real Estate

TH Real Estate is an established investment management company, specialising in real estate equity and debt investment worldwide. With a focus on the retail, office, logistics, debt and residential sectors, we emphasise sustainable practices to protect assets and maximise their value. The company is owned by TIAA-CREF, a US financial services and Fortune 100 company, with $854bn assets under management. Launched in April 2014, TH Real Estate has a dedicated global presence with offices across America, Asia and Europe, representing c.$29.2bn of real estate assets across c.50 funds and mandates. Together with TIAA-CREF’s US real estate assets, the global real estate platform of $90.5bn represents one of the largest real estate investment management enterprises in the world.

We believe it is our responsibility to identify and manage those environmental and social risks that are expected to impact on investment performance, creating resilient property portfolios and protecting returns over the long run. Through the careful evaluation of prospective acquisitions and active asset management, we aim to minimise the risk of accelerated obsolescence and depreciation.

Improving the sustainability performance of our held assets improves their attractiveness, keeping the service charge lower and reducing occupiers’ operational costs. Given energy prices are forecast to rise significantly over the coming years and with the emerging evidence of the impact of sustainability on productivity and wellbeing, the sustainability performance of a property is becoming increasingly important to occupiers.

We integrate RPI considerations into our decision-making at every step from the first review of an asset for acquisition through our Investment Committee process. We ensure that our fund and asset management team are kept abreast of developments in this fast-changing field and place increasingly stringent requirements on our agents, project managers and contractors to achieve higher standards and provide greater transparency on our portfolio performance.

Note: All figures as at December 2015.

Total AUM in UK is £12bn

6 Green Stars in 2015 GRESB Survey

9% energy reduction across the portfolio between 2013 and 2014

"Our Responsible Property Investment strategy addresses a range of environmental and social issues, risks and opportunities. As occupier demand, investors’ requirements, legislation, global climate and resource challenges evolve, so our approach to Responsible Property Investment continues to develop. Our membership of the BBP enables us to collaborate along the way with other leading organisations, sharing our knowledge and challenging each other whilst working together to improve the sustainability of our industry and our buildings." Jenny Pidgeon, Head of Sustainability