TH Real Estate tops Global Real Estate Sustainability Benchmark

14/09/2017

The Global Real Estate Sustainability Benchmark (GRESB) 2017 has awarded TH Real Estate 11 Green Stars for its European and US funds, up from 10 last year.

Additionally, the business’ UK Shopping Centre Fund was ranked first out of all global non-listed retail funds and the Super Regional Mall Fund was ranked first in its peer group. Further highlights include:

  • The UK Shopping Fund, UK Retail Warehouse Fund and UK Outlet Mall Partnership Fund being awarded 1st, 2nd and 3rd position respectively in the UK Non-Listed Retail peer group
  • The Global Real Estate Debt Partners (UK) Fund and Central London Office Fund, both ranked 2nd in their peer group
  • Eight funds achieved top five-star rating

The GRESB results recognised TH Real Estate’s funds for demonstrating global leadership in embedding sustainability throughout the property investment lifecycle – a philosophy driven by their Tomorrow’s World approach.

GRESB is an industry body committed to assessing the sustainability performance of real assets around the globe, including real estate portfolios (public, private and direct). On behalf of over 60 institutional investors, GRESB has assessed over 1,200 property companies and funds globally with a total gross asset value of over $2.8tn.

The 13 TH Real Estate funds that participated in the survey represent over $27bn* of assets under management.

Abigail Dean, Head of Sustainability, TH Real Estate, comments: "This year’s GRESB results recognise our funds for demonstrating global leadership in embedding sustainability throughout the property investment lifecycle and our commitment to ensuring we are investing for Tomorrow’s World."

Earlier this year, TH Real Estate was awarded an A+ Rating by the UN-backed Principles for Responsible Investment and was named EPA ENERGY STAR PARTNER of the year – Sustained Excellence Award Winner for the 10th consecutive year.

In 2016, TH Real Estate made a public commitment to reduce the energy intensity of its 134 million sq ft (c.12 million sq m), $68bn global equity portfolio by 30% by the year 2030, based on a 2015 baseline.

*As at December 2016. Excludes debt portfolio.