The Lendlease Retail Partnership (LLRP) is proud to announce it has achieved the number one regional retail ranking, from across 15 retail-specific UK-based funds, in the 2015 Global Real Estate Sustainability Benchmark (GRESB) Survey. LLRP was also placed 29th overall out of 707 global participants.
GRESB is an industry-led organisation committed to rigorous and independent evaluation of the sustainability performance of real estate portfolios. The annual GRESB survey assesses the sustainability performance of property portfolios by measuring environmental, social and governance (ESG) factors in two dimensions – Policy & Disclosure and Implementation & Measurement.
Lendlease’s Head of Investment Management, Mark Boor, commented on the accolade: “LLRP has a vision to be recognised as the leader in responsible property investment in the UK’s retail sector, and the Fund’s global ranking of 29th is evidence we are 100 per cent committed to the issue of sustainability. We continually encourage all of our assets to look at ways to improve initiatives and processes to ensure we are performing as best we possibly can.”
Mark added: “Our participation in the GRESB survey provides investors and other stakeholders clarity and transparency on our ESG performance on a globally consistent basis, and we believe that GRESB provides a valuable focus and direction for the real estate sector.”
The LLRP owns 100 per cent of Touchwood shopping centre in Solihull, the third largest in the West Midlands, and 25 per cent of Bluewater, Europe’s leading retail and leisure destination.
In addition, GRESB has ranked the Lendlease-managed Australian Prime Property Fund Commercial (APPF Commercial) as the world’s most sustainable real estate fund, outperforming 707 companies and funds.
Participation in the GRESB has steadily increased since its inception. It provides information on 61,000 properties, representing more than US$2.3 trillion in global assets under management.
For more information about the GRESB Survey please visit www.GRESB.com
