The purpose of the case studies is twofold: to support further development of market transparency; and to provide a foundation to promote and distribute quality education and information on sustainability aspects of professional standards in the non-listed real estate industry.
These are published in an ANREV-branded document format. Content must not be advertorial in nature although due accreditation is given to the author (including author's company and logo).
Those case studies have been established under the auspices of the ANREV Sustainability Working Group to oversee the pipeline of papers, select topics and provide feedback.
During this briefing, a panel of experts explored the impact of COVID-19 to Australian's Hotel sector and how ESG fitting into the plan. Amélie Delaunay of ANREV, Dr Sabine Schaffer of Pro-Invest, Ruben Langbroek of GRESB and Carlos Flores of NABERS shared with us their views from different perspectives.
This webinar was the third installment in a series, which looked at material issues in the sustainability performance of real estate investments. In this series, presenters from leading organizations have taken you through their ESG practices, as well as touching upon key components of GRESB’s Real Estate Assessment.
During this session, Amélie Delaunay, Director of Research and Professional Standards at ANREV joined by Ruben Langbroek, Head of Asia Pacific at GRESB to provide an introduction of ANREV’s ESG initiatives and GRESB’s Real Estate Assessment; followed by presentations by Ian Lieblich, Sustainability Manager at Investa Property Group , and Karen Xu, Head of Investor Relations at White Peak Real Estate Investment, who touched upon the ESG practices of their respective organizations, with a slight focus on the Development component of GRESB’s assessment
To view the recording of the webinar, please download the attached pdf and access the link stored with any browser.
The slides used in presentation can also be downloaded below.
ANREV would like to thank the speakers for their contribution.
After securing the first and largest sustainability linked loan in Asia’s real estate sector from DBS Bank (DBS). The CapitaLand Group has signed new sustainability linked loans with Credit Agricole Corporate & Investment Bank (CACIB), Natixis Bank and Société Générale to raise a total of S$600 million to date.
CapitaLand has the flexibility to use these sustainability linked loans for general corporate purposes.
The five year multicurrency sustainability linked loans will see interest rates reduced based on CapitaLand’s achievements of environmental, social and governance metrics.
Located in the heart of the major commercial precinct of North Ryde Sydney, the Sydney-based asset marks Australia’s first Holiday Inn Express hotel and Pro-invest Group’s first operational hotel. Holiday Inn Express Sydney Macquarie Park offers a smart choice for value conscious business and leisure travellers, with the hotel’s business model strongly ingrained in operating ‘smart’ – offering guests everything they need and nothing they don’t. This philosophy extends to the hotel’s sustainability design, considerations for furniture, fixtures and equipment, and operation.
Japan has a shortage of private day care centres for children. Waiting lists are common and costs are high for most families. To promote family-friendly practices, in all ESR Japan warehouse projects over 100,000 m2, children’s day care centres (called Barnklübb) will be developed. These day care centres are being created to attract more female employees and ease their burden of balancing parenting with working outside the home.
With the release of the Financial Stability Board’s Final Recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD) and increasing expectations from investors and Australian regulatory bodies, there has been a growing impetus for companies to assess and report the risks posed by climate change.
Investa identified the TCFD Recommendations as an opportunity to work alongside investors to determine best practice reporting. With this in mind, they directly engaged investors to better understand investor expectations and co-define a best practice approach to disclosing climate risk. The result of this engagement was the development of a three-year phased approach to refine key material risk and associated financial exposures. The following case study details the first phase of these works, the identification of key material climate related risks and opportunities.
Grosvenor Asia Pacific’s Hong Kong and Shanghai office refurbishments have both been awarded the International WELL building Institute’s™ (IWBI™) Gold Level Certification for the WELL Building Standard™ (WELL™). Both the Hong Kong and Shanghai offices were also awarded LEED Gold and Platinum, respectively.
Holiday Inn Express Melbourne Southbank is being developed by Pro-invest Group, one of the largest hotel investment platforms in Australasia. Together with the guidance of Clean Energy Finance Corporation (CEFC) - a specialist clean energy financier, investing with commercial rigour to increase the flow of finance into renewable energy, energy efficiency and low emissions technologies - will incorporate a range of initiatives into the Melbourne Southbank hotel, boosting the initial targeted 4.5-Star NABERS Energy rating to 5-Stars.
222 Exhibition Street is a 29-storey office building built in 1989. When LaSalle Asia Venture Trust purchased the property in 2015, LaSalle saw an opportunity to improve the building, in particular its sustainability performance to achieve better building efficiency overall.
LaSalle took a long-term, asset lifecycle approach to sustainability at this property, believing that exceptional outcomes can be realized without millions of dollars in capital expenditure.
In 2014, Invesco Real Estate acquired 321 Exhibition Street, a 30,200 square meter office building in Melbourne, Australia.
The property is a 20-level office/retail building constructed in 1990. It was fully refurbished and upgraded with modern specifications in 2011.
Upon acquisition, improvement works have been carried out to upgrade the building’s National Australian Built Environment Rating System (NABERS) Energy rating from 5.5 to 6 Stars, where 6 stars represents market leading performance. The time period to achieve this current rating took about 9 to 12 months and costs around AUD100,000.