cbre global investors sustainability report 2011
TRANSCRIPT
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SuStainability report 2012
SuStainable inveStorS
excg sssm ss
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CBRE Global InvestorsSchh bd 281, G tw1118 bH Schh
th nhds
p.o. bx 75620
1118 Zr lchh Schh
th nhds
About This Report
ths ds w f h ss d m mcs f h CbreG iss Dch Fds 2011. ths s hd Ss r, wh h
ms c s ( 2010 Ss r) shd J 2011.
In preparing this report, we were inuenced by the INREV Sustainability Reporting
Recommendations which, at the time we began preparing this years report, was the frst version
f hs cmmds. W h sf-dcd hs s mg h c f inrev
Ss rg rcmmds 2012.
F hs , w dd dk fm x d css, d s
sd dcm, ssms d fm fm x gzs.
W m csd dd x ssc dg gz f f s.
C: WtC Schh - amsdm
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IntroductIon
dear sIr/madam,
as s s , cbre g iss s y w f h w s f ss, s d f h skhds sss d s. ths ss s ffs hs , hss f whh sd y dy h hd f h ssy y h cbre Dh Fds. as s ys, hs w d sh hssy ffs d y f h Dh s s fds.
u n, hs fds w f ing reim, whh ssqy d hcbre g iss f. Ds h f h d hs hd,and, in the near future, our ofce location will too, our motto has not: Be the best, set the
standard, outperform our peers. This applies as much to sustainability as it does to nancial
f.
as h s y, s sdd ss d h ss y d d ss . th cbre g iss DhFds y w h w s ss f . W d z sy h h ss f s d skhds.
Ssy dsd s wys. cbre g iss hsh sj y s f skhds d s h sddf wh dsy. i d s, w y ds h d wds , w.
W h y w jy hs h. if y h y fh qss, s d hs sk.
Ys sy,
Hs c
Country & Fund manager CBRE Global Investors, Netherlands
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2 |SuStainable inveStorS executing SuStainable inveStment propoSitionS
bssrd
conStruction Year 1996 | volume 14,072 m2 energielabel c
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table of contents
4 e
4 c ssy5 cbre g iss Dh Fds5 Ssy h r es is m h6 Ssy h cbre g iss Dh Fds s
10CBREGobInestorsDtcOfceFnd
10 DOF facts and gures
11 a 2010-202011 ojs 2010-201312 m hs 201114 Hhhs15 g a p 2012
18CBREGobInestorsDtcResidentiFnd
18 DRES facts and gures
19 a 2012-202119 ojs 2011-201420 m hs 201121 Hhhs27 g a p 2012
30CBREGobInestorsDtcRetiFnd
30 DRET facts and gures
31 Sy
31 a 2012-202131 ojs 2012-201532 m hs 201132 Hhhs34 Reference projects: implementation of sustainability on natural moments
36 Green leases: how to integrate sustainability into our tenant relationship
37 rd f h f37 g a p 2012
39 Sy
41 cf
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4 |SuStainable inveStorS executing SuStainable inveStment propoSitionS
This gives CBRE Global Investors a signicant competitive
edge, as the rm harnesses the research, market intelligence,
investment sourcing, nancing, leasing and property manage-ment of CBRE for the benet of its investors.
cbre g iss sss s ss ss h sk/ s nha, e d as f ss wdwd, d d s fds, s s,s wh fds, fds, dws d dds.
The CBRE Global Investors Dutch Funds (from here on: Dutch
Fds) f h cbre g iss emea fh hs 28.9 sss d dsss s d s s huK, Ws d Sh e, cee d h nds f
ss wdwd.
The Dutch Funds (Dutch Ofce Fund, Dutch Residential Fund
d Dh r Fd) d 5.8 (s f
Q1 2012) s ss h nhds d h ds Fds f cbre g iss. id 1997, h Dh Fds h k d f 15 ys.
corporate responsIbIlIty
cbre G I i kig i,
socindgoernnceconsidertionsintoccontinny
inestentdecisioncnennceretrnsndpresere
i.
c rssy s fd h sssstrategy of our rm, our investors and the key stakeholders in
h s d s whh w s ys ks d sss ss, s s sh h h d.
o y, cbre, hs h ff f hs. i 2007, cbre k s ss zd s d c rssy.
elements of our approachcbre g iss
CBREGobInestorsisoneoftewordsrgestreestteinestent
ngeentrswit$95.9biioninssetsnderngeent(sof
Q12012)ndisnindependentyopertedfiteofCBREGrop,Inc.
(NYSE:CBG),tewordspreier,f-sericecoercireesttesericescopny,witpproxitey36,000epoyees(incdingfites)cross
oretn400ofceswordwide.
De Zeven Provincin, The Hague
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CBRE designed policies to better dene and improve its practi-ces in the six areas of deepest concern to its stakeholders: go-, hs d , swdsh,y s d dsy, hh d sfy, d -y d hhy.
cbre Global Investors dutch funds
TeDtcFndsdoptedsstinbiitypoiciesin2007.
Sinceten,tetopicsbecoeincresingyiportnt
fororsreodersndfors.
i s ys, h Dh Fds sd h h-s, s d s ssy h, dhs y s . o f h js f h Fds ssy s ws h epc f c f s h h Fds. th ws h hs y 2011, ws y d
2010. ths d h Dh Fds hss d s h s. S h, hFd d y s, Fds h sd h ss f.
In this brochure, you will nd the results of last years efforts
outlined in each Funds individual chapter. In this rst chapter,
you will nd more detailed information on the joint efforts of
the three Dutch Funds pertaining to two topics:
sustainability in the real estate investment
h
sustainability in operation management
sustaInabIlIty In the real estate InvestmentmanaGement value chaIn
TeDtcFndsregrdcoopertionbetweenterios
steodersinreestteinestentngeents
teonywytocieeong-tertngiberestsin
sstinbiity.In2011,ninititiewstereforencedtoestbiscoopertionwitintereestteindstry.
th Dh Fds s fs hhh nhds s wh s ys. i d h ssy ff y , h Fds d ss whh w s s, ss f h (hd-y)y s d cbre g iss ss dh s, w d s wimportant topics related to sustainable property management:
Sustainability policy of property managers
Sustainable supply chain management
thh h j, s w w - wh h h d ff shs hw h sy s d h ss s.i h d, h h y s d cbre giss sdd h s s s-ss. ths ws y d h hss shwd y s. D h f h ,h y s d hy d h fh h Dh Fds d hs s d,sd f -dw, sd y.
o mh 28, 2012, h ss f hs s, s-hprocess were presented. Please nd a short summary of the
ss w.
Waagstraat, Groningen Stad van de Zon, Heerhugowaard
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6 |SuStainable inveStorS executing SuStainable inveStment propoSitionS
sustaInabIlIty polIcy of property manaGers
a hs , y y s h -dd ss y, whh ffy s h d ds h dd y h Dh Fds.t h ss s s -, h Dh Fds sd w h
s skhds s y , d hds s d h y h kssy. thf, f h s ws wss f ssy d y -s h ssy y f h z.
Wh hs d, h ssy y s s s d ss h wd d ss ss y . th s f hs s ss s fwk, dsd yh y s d Dh Fds, wh whh ys d d sz y f h -y d s. D h s f 2012, y
managers will present their rst sustainability policy, aimed h f wh h w zd h s . i w s d s-s, s d, y, h sss f sinvolved: the properties they manage.
sustaInable supply chaIn manaGement
Ss h h ssy ff ss. i s ss k h z hw ssy s. c wss ssy ss s hf f hs s s s - sks.
Kloosterveste, AssenAndreas Ensemble, Amsterdam
cbre g iss
th s w dd d sustainable supply chain for all Dutch Funds:
Drafting a Sustainability Declaration from CBRE Global
iss Dh Fds Developing a monitoring tool to track improvement in the
sy h
Devising a list of questions relating to the assets to be usedd d -- f wks
It is the rm belief of the Dutch Funds that striving for more
sustainability will not just impact our Funds, but will inuence the
s s h. ths s h h sy
s xd ss js s hy d
y xs d ssy.
isd, shd ss k ss h
f ssy d sh hs. ths w s h h
ffs f h Dh Fds w y h ff w
f, w h s dsy s wh.
SuSTaINaBIlITYINThECBREGlOBalINvESTORSdutch funds operatIons
i ff h h ss wd f w,
h cbre g iss Dh Fds d sy fs
d h f f h sss d .
W s sd zs h
as f h f Fds, h y ss-y s s sy f . ths s why d ss f
sy fssd ssy. th w s w ss ssy s z.
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SuStainable inveStorS executing SuStainable inveStment propoSitionS |7
housInG
Wh h f h y cbre g iss,
h Dh Fds h hd w . ths w
location had to meet a number of qualications regarding
accessibility, sustainability, exibility and image.
The new CBRE Global Investors NL ofce is in the World Tradec (Wtc), d Shh a, f h s
prestigious ofce locations in the Netherlands. This part of the
Shh Wtc hs epc- f a. ths s d
f hss, sh s h s sys,
energy efcient lighting and a climate control faade. Obviously
h a s f cbre g iss nl f s
s w y s s s hs h
f h Dh Fds ds f.
a f h d sf, cbre g iss hs
dd h nw Wy f Wk (h w wk).
According to Rietmeyer (an afliate of CBRE Group, Inc.), the
nw Wy f Wk d d s , freedom and mobility for the employee, a better ofce occupancy
level and the avoidance of rush-hour trafc. In addition, it will
d w f ys wh
suitable working environment. Furthermore, it will signicantly
reduce the total oor space occupied by the Dutch Funds (and
e s f cbre g iss emea) f h
4,500 2 y 3,000 2.
bsds h epc- a, Shh Wtc hs x
transport connections: the location is close to key train stations like
asd Wtc s (7 ) d rd s
(27 ).
transportatIon to and from the offIce
i d d h ss f co2 hh s, cbre
g iss nl hs d s ss d
d h s f ys h ds d s
y s.
th s f s s d y ff ys hy ov-jk, whh s d hh h
nhds f s f s d s f
h dy. Wh hs, h Dh Fds k ss f ys
s s f -wk d (.. d h
wkd). us f s s fh d y
ys h Fs wh hy s h
y wk h s. Ds f
use as a means of travelling to the ofce is also done by keeping the
number of parking spaces beneath the ofces limited.
Hw, s wys ss d . F s
ys, d h y s f h j. i s
ss () sss, y s s y s, s hy sy ss y s-
. t z h f d ,
ss sd x ss d y
wd f fs d s .
Fh, h d f h w wy f wk w
d ys wh y wk
f h ( fs f wk f h). i w
they will not have to travel to the ofce for only one or two hours
f hy h hd x s.
WTC Schiphol Airport, Schiphol
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vrd
conStruction Year 2008 | volume 22,795 m2 energielabel a
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10 |SuStainable inveStorS executing SuStainable inveStment propoSitionS
CBRE Dutch Ofce Fund
facts and fIGures
2010 2011 aii
Number of buildings in portfolio 83 ofces 74 ofces -
Total m2 of oor area 854,414 m2 843,612 m2 -
Total AuM 2,248 million 2,164 million -
Average EPC label C (1.27) C (1.22) C (1.17)
GRESB rating Greenest investornon-
listed Continental Europe
Green Star Green Star
Inrev sustaInable performance measures absolute measures
Common areas + unmetered tenant areas
Total energy consumption from electricity (kWh) 68,219,000 67,724,000 -
Total energy consumption from district heating and cooling (kWh) 0 21,135,000 -
Total energy consumption from fuels (kWh) 0 26,659,000 -
Green House Gas emissions (metric tonnes CO2) total direct 0 6,253 -
Green House Gas emissions (metric tonnes CO2) total indirect 6,600,062 6,552,171 -
Total water withdrawal by source (m3) 0 173,770 -
Total weight of waste by disposal route (metric tonnes) Not available Not available -
Percentage of waste by disposal route (proportion by weight) Not available Not available -
Inrev sustaInabIlIty performance measures IntensIty measures
Building energy intensity (kWh/m2/year) 91.23 95.13 -
Green House Gas emissions (metric tonnes CO2/m2/year) from building energy 8.82 9.21 -
Building water intensity (m3/m2/year) Not available 0.27 -
Key achIevements
2010 2011 G ai p 2012
Green valuations; sustainable paragraph in
valuation reports
Energyconsuptiondt;every15in
onitoringofenergyconsuption
Adapt INREV reporting standards
Tenant brochures; brochure send to all
tenants regarding sustainability;
Quickscnonllbuildingclite
ii qik wi i
Start collecting water
consumption data
100% green energy; program to obtain
100% green energy procurement
Tenntbrochureregrdingwste
ngeentsendtolltennts
Execute quick wins based on 2011
quick scan
dIstrIbutIon of enerGy labels
A B C D E F G
2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 YEARS
LABEL
30
25
20
15
10
5
0
PERCENTAGE
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sustaInabIlIty report 2012cbre Dutch Ofce Fund
TeDtcOfceFndisprofessionreestteinestentfndtt
inestsinteDtcofceret.Teiistoinestinig-qity
bidingsinftre-proofoctions,witprticrfocsontoseincose
proxiitytosttions.Sstinbiitysbeenprtofteopertingctiitiesforseeryersnow.
Nieuw Amsterdam Gebouw, Amsterdam
ambItIon 2010 2020
The CBRE Dutch Ofce Fund wishes to be a leading provider
f ss s ds dsy y ds wh ss d ss dff shhds h s ss eofce fund.
objectIves 2010 2013
o s s h sdd d hf d hjs s y h Dh d rgD (hs Hs D) d h ivbn (Dhass f is r es iss). W hset ve main objectives for 2013.
o js d d f ssyy. th y hs h d hk.
i 2012, w w fh d d h-k d w y h y s y f.
1 acquIsItIon
ps h qd w h sdssy h s ddto an acceptable level (measurement: minimal EPC-label
a). n w qss h d 2011(nj asd ws qd s fwdqs f 2010 d hf h ssy
hks w dd).
2 operatIon
of ssy f wh dsypeer group (measurement: average EPC label of portfolio
outperforms Dutch ofce market). An updated overview of the
energy labels is provided in the gure below. Further improve- d. a f y b s s.
3 refurbIshment
ps h fshd w dd acceptable sustainability level (measurement: minimal
epc- c).
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12 |SuStainable inveStorS executing SuStainable inveStment propoSitionS
ls y, f s w fshd whsuccess and included:
Property l 2011 l 2010
WTC Amsterdam, Amsterdam A C
Weenatoren, Rotterdam B D
Groene Toren, The Hague C G
Hojel City Centre, Utrecht C E
4 (RE)DEvElOPmENT
ps h ()dd w () -standing sustainability level (measurement: minimal EPC-label
a y w s). o dw dd ss wy, sd h ylabel; a BREEAM certicate has been piloted.
Property l 2011 l 2010
Nieuw Amsterdam Gebouw, Amsterdam A ELange Voorhout, The Hague C D
5 dIsposal
Ss w k d hdisposal process (measurement: placed in the relevant
dss d). D dsss, h ss-y h ws dd d d h dsf ds k. n s h dssd d h wk ss f.
maIn achIevements In 2011
rd h g a p f 2010, s h d ss. Fh, h ga p ds d s w fs h d d f d
skhds. bw s f h ky s h wd.
Gresb survey
th Fd hd g S k h greSbsy, whh s dd y s s ss.The Fund outperformed on certication and strategy and
yss.
BREEam-IN-uSE
The rst BREEAM-in-Use certicate for a large ofce building
h nhds ws d f h Wtc asd. th s ws breeam gd. D h y, breeam
pilot was initiated for the Victoria ofce building in Rotterdam, wh h s d Kpmg, hs.
tenant InteractIon
At the beginning of 2011, Sustainable housing: make existing
ofces more sustainable, the brochure for tenants, was sent
s f h Fd. Fh, hs d ws d h Fds ws. D 2011, dd the brochure, a leaet was distributed: Produce less waste
h.
clImate InstallatIons
a s f h Fd h ssssd h f- f h ss d qk ws h identied. All properties that were renovated or redeveloped
w dd.
Hojel City, Utrecht WTC Amsterdam
cbre Dutch Ofce Fund
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Wtc asdasdconStruction Year 1982 (2002/2004) | volume 133,704 m2 energielabel a
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14 |SuStainable inveStorS executing SuStainable inveStment propoSitionS
o , 12% d ws hd.i 2012, h jy f hs qk ws w d.
sustaInabIlIty report
W h shd sd ssy thwh h h cbre Dh Fds, w h shd
second sustainability report, Sustainable real estate: making s fs ss f h f. th d s d skhds wh d d hssy hs f h h cbre Dh Fds.th h ws d h ws d s iss as.
sustaInable property manaGement
t ssy fh wh s, h DhFds h wk wh h y s hss f ssy. as s, y s dh Fd h sd f ssy d.
a py ms d h cbre Dh Fds hcommitted to:
draft, act upon and communicate a sustainability policy
measure and improve the environmental performance
f y s work together on drafting a procurement policy
cy, w wk s df h sd wk h wh h sss.We expect that it will be nalized during 2012.
hIGhlIGhts
Weenatoren rotterdam
EnergybeDenergybeB
d d d ss. th y ws dwh h d h d. th
f h y ws hd y w h h,why dyh d d w d.Furthermore, the faade was improved by replacing the
wdw ss.
Wtc amsterdam
EnergybeCenergybea
D h s y, h s f h h Wtc asds ws dd y a. bsds d f h h sys d s f -, h Wtc asd ws s qd wh wdd s y syss. th Wtc asd s sdd d f w ssy s.
Fh, Wtc g ws shd f h 340s h ssy s f h Wtc.
nIeuW amsterdam GebouW amsterdam
EnergybeEenergybea
D h d f nw asd, ssyw j fs. tk sd h ss-bility policy of DOF, key sustainable elements are:
1 replacing glazing in faade;
2 y h d ;3 ss;4 h sys tl5 wh dyh
d d d.
WTC Amsterdam
cbre Dutch Ofce Fund
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It is CBRE DOFs motto that redevelopments are by denition
more sustainable than newly built ofces (re-using existing
s). th y w s s ky y f breeam y-d . ths s wh h ssy f h Fd d h qs f j s.
lanGe voorhout the haGue
EnergybeDenergybeC
ths d s y ss d,considering that the Lange Voorhout has been an ofce
f y . Wk wh h w bs Ks, - d ws dsd fthe building. The result is a traditional ofce with a complete
w . t cbre DoFs y ssy, hds y w y c. mimprovements include efcient lighting and adaptation of
the faade.
Green actIon plan 2012
i 2012, w w g a ps d w
ds w f d y s.
S s h f s ys s.
portfolIo level1 p iig
ad sdd f f d .th inrev sdds w h s .
2 t gg
bsd h 2011 h, fh wh ky s ssy.
3 Procreentpoicy
pd ds f ss wh y s s h s d ss wy.
property level
1 ci ii
oz ss, sd h yss d 2011.
2 Wterconsptiondt
w s d f h ys s f h w ds.
3 W g
S d f ws f h f
d s hw h ws s dd y hs h f.
Hojel City Center, Utrecht
I w wi k iig
inteqityoforportfoio.Orgo
istofrteriproeorbiitytodpt
tocngingtenntdendsofwic
sstinbiityisnessentieeent.
Anne de Jong, Portfolio Manager
CBRE Global Investors Dutch Ofce Fund
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SdskwnwconStruction Year 2012 | appartmentS 89 energielabel a
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18 |cbre DutcH FunD SuStainabilitY report 2011
cbre Dh rsd Fd
facts and fIGures
2010 2011 aii
Number of buildings in portfolio 9,103 residential units 8,870 residential units -
Total m2 of oor area Not available Not available -
Total AuM 1,488 million 1,454 million -
Average EPC label C (1.60) C (1.55) Improving average
Eliminating G
GRESB rating DRES did not
participate
2nd out of 26
residential funds
2nd / score
Inrev sustaInable performance measures absolute measures
Common areas + unmetered tenant areas
Total energy consumption from electricity (kWh) Not available 4,875,966 -
Total energy consumption from district heating and cooling (kWh) Not available 0 -Total energy consumption from fuels (kWh) Not available 10,827,465 -
Green House Gas emissions (metric tonnes CO2) total direct Not available 2,720 -
Green House Gas emissions (metric tonnes CO2) total indirect Not available 864 -
Total water withdrawal by source (m3) Not available 119,556 -
Total weight of waste by disposal route (metric tonnes) 1) Not applicable Not applicable -
Percentage of waste by disposal route (proportion by weight) 1) Not applicable Not applicable -
Inrev sustaInabIlIty performance measures IntensIty measures
Building energy intensity (kWh/m2/year) Not available 41.2 -
Green House Gas emissions (metric tonnes CO2/m2/year) from building energy Not available 0.015 -
Building water intensity (m3/m2/year) Not available 0.31 -
Key achIevements
2010 2011 G ai p 2012
Quick scans for 16 properties Greenenergycoonres Energy labels for commercial units
Completion IJpelaar renovation project BREEamExpert-trining
Sustainability part of acquisition and
disposition requests
Coitentproperty
ngerstosstinbiity
Align with INREV and GRESB standards
Web-based energy consumption monitoring
Target average energy label C reached
ahead of schedule
Iprovingvergeenergylbelportfolio
&reducingE,FndGlbel
Further improvement of average energy
label
dIstrIbutIon of enerGy labels
A B C D E F G
2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 YEARS
LABEL
30
25
20
15
10
5
0
PERCENTAGE
1) Not applicable for residential properties, as this is arranged between tenant and municipality.
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sustaInabIlIty report 2012cbre Dh rsd Fd
CBREDtcResidentiFndisnexperiencedreestteinestentfndtt
inestsinteDtcosingret.Teportfoiosrond9,000oes
ndprtentsndisspredcrossteNeternds.Itfocssesinyonte
ediexpensierentsegentincentroctions.Teneedtoconsiderteipctttweeonortenntsiingenironentindditionto
goernentdendsndtoseoforsreodersndepoyees,ens
ttttentiontosstinbiitysbecoesecondntre.
ambItIon 2012 2021
o s h d d f ss
sd ds , d swh h s ss hs ss whh hy fy f. W s s ff ss h sss Dh sd Fd d y d h ssy f f Dhss fs.
objectIves 2011 2014
as h s js w hd f h 2012target, last year we dened new objectives for 2014, based
on the property lifecycle:
Riederbunder, Barendrecht
1 acquIsItIon exIstInG buIldInGs
a s s h qd y , h h s dd
.
2 acquIsItIon neW developments
a qd wy s h epaf a+. m, w s h hs s whh s f -f, y s d h f s- d y ff ss.
3 operatIon
th fd hs d wds f h s h ys ( f epa c) d ss fh h y s y d h
f e d F s, s w s g s.
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20 |SuStainable inveStorS executing SuStainable inveStment propoSitionS
Moreover:
We will improve the carbon footprint of our portfolio by
d h co sss f sw 2011 d 2014;
We will reduce the amount of energy consumption in the
s s w 2011 d 2014;
All energy that has been purchased for the properties s w y; We will inform and inspire property managers and tenants
y wh d y, wd ws.
4 refurbIshment/redevelopment
Wh ss, s fsh s hh h Fds sy, whh w ss-y . ps h d wh s wepa s c-. a fshs w h y wh s y;
5 dIsposalSs w k h dssss.
maIn achIevements 2011
th g a p (gap) ds d sw f s h d d f d skhds. th 2011 gap dd ssssf s sd s h d
h d d ss.Some of the key achievements are listed below:
We have introduced guidelines on green energy in com- s DreS s wsh s d hsd y h s f -wsh s. th y hsd f s DreS s wsh s s s fJy 1s 2012. ths hs hd w df j.
The energy index has improved from 1.60 to 1.55 on
, d h d f s
wh e, F g , wh y. All DRES team members have participated in the BREEAM-
nl e y h Dh g bd c.Yy ds hs w dd e ss d sy d.
All Property Managers have committed to:
- df, d ssy y- s d h (w) f-
- wk h wh cbre g iss (nl) b.v.
df y. Active involvement in the IVBN sustainability steering
.
Stad van de Zon, Heerhugowaard Hart van Hoograven, Utrecht
cbre Dh rsd Fd
Duincarr, Rotterdam
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SuStainable inveStorS executing SuStainable inveStment propoSitionS |21
The Fund participated in the Global Real Estate
Ssy bhk 2) d hd sd f 26 sd fds.
Large renovation proposed to tenants.
Together with the Dutch Funds, the Fund has published
our second sustainability report, Sustainable real estate:
k s fs ss f h f.ths hs d skhds wh - d d h ssy hs fh Dh Fds.
hIGhlIGhts
contInuous Improvement of the enerGy labels
F s h s, h Fd hs s ss f h ys. Hw, h s s d w h f h y f- f sd s h DreS f. o,
sssf ss hs w h h s d w dd h s f s,h ss d s.
Please nd the distribution of the Funds energy labels in
F 1. as f D 2010, h Fd hd dyhd ss. i 2011, h y f h f szd c . th y d hshw d f 1.60 1.55 , dh d f s wh e, F g , wh y.
This has been done by:
technical improvements within our buildings,
active sales and acquisition policy, and
improvement of the quality of the available energy labels.
Fig 1 DiStribution oF tHe FunDS energY labelS (enD oF Year 2011) 3)
A B C D E F G
2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 2010 2011 YEARS
LABEL
30
25
20
15
10
5
0
PERCENTAGE
The environment (and our tenants wallets) should benetf h f h fs y y d f h y . Hw, s h y y ss h y s, s y f DreS s wk wss. ths wy, h s ff h of the improved portfolio can be leveraged: improvements in
h s fh h ds df h ss DreS s dk.
De Baron, Eindhoven
2) The Global Real Estate Sustainability Benchmark is an initiative to assess the environmental and social performance of public and private real estateinvestments. www.gresb.com
3) The energy label is a certication for the normative energy consumption of a building. The label recognizes different classes for the level of efciency, whereas
label A is the most efcient and label G is the least efcient. Energy label C and higher can be classied a sustainable buildings in terms of energy performance.
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22 |SuStainable inveStorS executing SuStainable inveStment propoSitionS
D bwseshdconStruction Year 2011 | appartmentS 30 energielabel a
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SuStainable inveStorS executing SuStainable inveStment propoSitionS |23
40% carbon reductIon sInce 2008!
as d, 2011 w sd fs
f. ths hs sd w f d
hs s h s f f ssy y
2008 (F 2) f h sd s h DreS -
f. ths f s sd h y s f
h sd s h DreS f.
Fig 2 carbon emiSSion per Year per DreS reSiDential unit,
enD oF Year 2008 anD enD oF Year 2011 4)
2008
-40%
4,965 KG 2,991 KG
2011 YEAR
6,000
5,000
4,000
3,000
2,000
1,000
0
KG CO2
(Source: Innax)
Gresb
th cbre Dh rsd Fd d h -
greSb sy 2011. greSb, h g r es
Ssy bhk, s wdwd sy 340
s s fds d hs d y 14
s ss, d apg, pggm, a, Sys
ah d m Ss.
Wh s f 61% & y d 17%
& s, s yss shwd hw d sd f 26 rsd Fds
greSb, s f h f h h sd
fds.
cs s f DreS Shs & Wksss shwdh h s f & d f- ds, DreS sd w h -s (s F 4).
is w d ( sh y,s d w s d 2011) DreS wk 2012. th wh s ds
h qs d sssss h shd w scope for the specic characteristics of residential real estate,
h Fds s s d 2012.
SuSTaINaBIlITYINDaIlYPRaCTICE;SmallSIzE,
bIG dIfference!
my s s s dk h y himpact the portfolios sustainability performance signicantly.
F s, w Q1 2011 d Q2 2012, h
s w d 2% of the DRES portfolio. Less efcient,
boilers were replaced with more energy efcient types,
Fig 4 greSb StrengtHS & WeaKneSSeS cbre DutcH reSiDential
FunD (2011)
Regional Average Regional Leader CBRE Dutch Residential Fund
PERCENTAGE100
75
50
25
0
Management
Policy & Disclosure
Strategy and Analysis
Social Factors
Monitoring & Environmental
Performance Indicators
Certification
New Development
Peer group 38, 10
CBRE Dutch Residential FundImplementation&
measurement
Management & policy
Green walk
Green starters
Green stars
Green talk
Fig 3 global overvieW oF greSb ScoreS For all reSiDential
FunDS (2011)
4) Label A is equal to 2,328 kg CO2 per year, whereas label G produces 6,413 kg CO2 per year (both with standardized tenant behaviour).
An estimate of carbon emission per year per car in the Netherlands is 1,890 kg CO2 (126 g CO2/km x average 15,000 km/year).
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24 |SuStainable inveStorS executing SuStainable inveStment propoSitionS
h y s f hs hss wh, ,hf y . i y fw ss, s hypossible to place high efciency boilers.
In less cases, energy efcient double glazing was placed in
hss. ths s d s, dd
shds, whh qs (and often a nancial contribution) from the tenant. Therefore,
s wh d z s y f d h f , s w s hss d y. Hw, ddffy, s h shws.
a f ff wy h fssustainability is combining the placement of energy efcient
d z d wks. i hs wy, s wh d z d ss s. i 2011,w ffd hs 56 s f s fy hss H(year of construction: 1976). After completion of the painting
wks h s f 2012, h 50% f h hsz ws d, h y f hshss f D c.
SuSTaINaBIlITYINDaIlYPRaCTICE;BlOCkRENOvaTION
In the dres portfolIo
i ssy wh s ss s dsssy h DreS hs dd sy ssy wh h f. Hw, d signicantly reduce the amount of E and F labels, as well
s g s, d ks shd d . o h s fw ys, s s f s
k s w sd h, h hs,d h y f f h s.
i 2010, h f th iJ bd (y fconstruction: 1965) was completed. Of the 62 single-family
hss, h f d fds h d whw-sd ws d d z. a ds hs h dd. th y f ws e; f , ws c. m f hs
fd h 2011 ssy .
cy, h k s s-d, f whh s ds. DreS swk sy wh y s d sss f hs ss.
cii
tyy, k s d h , sh s , y s ssd s h fs f d. ths f s ks h s-ff d f s d.
F ds, s ss denergy efciency are proposed at the same time, allowing
DreS h y f wh s ws, s qd y h ssy y (s ojs2011-2014). In all cases, a combination of energy efcient
double glazing, cavity wall and oor insulation, replacing
h (s) d ks, hs d h f w y s. a fmore than two labels is in all cases very cost-inefcient, as
h ss qd y sy d ky y .
De IJpelaar, Breda
cbre Dh rsd Fd
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D
59
D
61
D
63
D
95
D
97
D
99
D
131
D
133
D
135
D
163
D
165
D
197
D
199
D
201
D 157
E 147
E 137
E
53
E
55
E
57
E
89
D
91
E
93
E
125
D
127
E
129
D
159
E
161
E
191
D
193
D
195
E
47
D
49
E
51
E
83
D
85
E
87
E
119
E
121
E
123
D
153
E
155
E
185
D
187
D
189
E
41
D
43
E
45
E
77
E
79
E
81
E
113
E
115
E
117
D
149
E
151
E
179
D
181
D
183
E
35
E
37
E
39
E
71
E
73
E
75
E
107
E
109
E
111
D
143
E
145
E
173
D
175
D
177
F29
F31
F33
F65
F67
F69
F101
F103
F105
E139
F141
F167
E169
F171
Store rooms and garages
C
59
C
61
C
63
C
95
C
97
C
99
C
131
C
133
C
135
C
163
C
165
C
197
C
199
C
201
C 157
D 147
C 137
C
53
D
55
D
57
D
89
D
91
D
93
D
125
D
127
D
129
C
159
D
161
D
191
C
193
D
195
C
47
D
49
D
51
D
83
D
85
D
87
D
119
D
121
D
123
C
153
D
155
D
185
C
187
D
189
C
41
D
43
D
45
D
77
D
79
D
81
D
113
D
115
D
117
C
149
D
151
D
179
C
181
D
183
C
35
D
37
D
39
D
71
D
73
D
75
D
107
D
109
D
111
C
143
D
145
D
173
C
175
D
177
C29
C31
C33
C65
C67
C69
C101
C103
C105
C139
C141
C167
C169
C171
Store rooms and garages
Fig 5 illuStration oF propoSeD improvement in energY perFormance For a propertY
Current situation Future situation
Tespitincentiedie
o f h s hs wh hs shss h s s d, whh s h Fd ys,but the tenant benets. The building owner, DRES in these
ss, hs s s f y h y f f h y. Hw, h is the one who will benet from this by means of a reduced
y , s w s f (ss dhd s ). as DreS s d sshhds wh h s, hss d hs sd d y h shs.
as h s y k d h y hs d h f sd s (hthen by improving cash ow) and therefore an energy label
s sh s d h s h y s make an investment in energy efciency feasible is to propose
h ss h s s. asd f
y s, h Dh sys (WWS-sys, s h hd f d sd s) s h sDreS hs f h fs s.
70%pprofrotennts
F h h s y d s,h sd s f s (f hmeasures regarding energy efciency) is between 20 and
30 h. as hs shs h d d , DreS s qd y Dh w s h 70% f h s h sd ss
(. s). as d, hs s h sdifcult and sensitive part of a renovation plan.
i ss, h ss d s ys. by hw h, s hd sy, s h hsdffy. a s s y f h fh , whs h dd y ss d. Wh hs f h y d s ss hjd? W h h d d d f hsf?ahh DreS fs h f shd valued as well, this is hard to assess in nancial terms. Besides
the nancial consequences, however, the inconvenience
s f h d wks s sds h wy fs h sd ss.
Andreas Ensemble, Amsterdam
Inorperspectiesstinbiityisnoonger
i i
ofssetndinestentngeent.
Inestinginsstinbiitynowwiensre
goodportfoiointeftre.
Robbert van Dijk, Portfolio Manager
CBRE Global Investors Dutch Residential Fund
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26 |SuStainable inveStorS executing SuStainable inveStment propoSitionS
DreS s sy k f wys d d/ s fs.
Involvement of tenants representatives right from the
w f h wshs d y sthey might have. Whereas we might nd it important to
h y f d, h sy h k d hqy f DreS hs. thy d h DreS y ykw wh y s dy dy ss, shy d h hss. i s hwmore and more difcult to nd a suitable group of repre-sentatives, with sufcient support from the tenant group,
h h w f s h s d h .
Housing costs/energy reduction guarantee: if, on the
d , h y d h y
f f wks s ss h h s,hs s s dd h f yss. ths wy, h hs ss f s wnever increase as a result of the proposed energy efciency
ss ( s, ddy, h h s s h ff h hs). ths s h wy s h s . as ss sk fDreS, hh s w h d d-. i s s ds wh sy sy s h w dd h sys.
Having an impartial third person advising the tenants can
. i s f h ss s(fy) h wds h w f h hs.
SuSTaINaBIlITYINDaIlYPRaCTICE:PaRTICIPaTIONIN
unIque project WIth stadsKWartIer nIeuWeGeIn
as f w f s d hss, DreS fss d s s h hssy f f h s. Sh syy h sd y s f h d-
. D s d h d f f sss, s w s - j,DreS s y f sd h s s ssy.
After 35 years, Nieuwegein nally got its new city centre
s, h hs, w y h, hd, 198 s d 35,000 2 f w d -d . DreS hs hsd 89 y sf h k, whh w d h sf 2012. H d h s dd hh dw h h sys(Dutch: Warmte- en Koude Opslag / WKO).
as DreS ws s d Sdskw y s, ws ss f s wk h hssy f f hs wy f d f ss.
a ws d h d s sd 2010 s h h d Sdskw wd sd h s, s,h d y h y s f dw h h- sys.
t y, h s sd h s d h s sys. a h s sys sss f
h d d w d h h sf (s F 6).
Grote Beer, Rotterdam Stadskwartier, Nieuwegein
cbre Dh rsd Fd
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i w, w s d f h h w d h hpump uses it for underoor heating. After the water has heated
the apartment (or ofce, or shop), the water has cooled and is
sd h d w. ths d w s h sd s
f f . as h sys s d h h h s, h h s
sys s d h w f h, shw dds s.
ths s s h f ss ysy f h y d w df 500,000 k co2 y (q h y s- f 300 hshds y). n y s hs s y d, s dds h f f s.
Fig 6 ScHematic overvieW oF a tHermal Storage SYStem
(Source: www.nieuwegein.nl)
Green actIon plan 2012
FORmulaTEDaCTIONSaRE:
1 th Fd w, h wh h h Dh Fds,
h ss h ws sd 2011 h
y s ssy s f
h ydy wk;2 g y s f h s hf;
3 Fh f h y f h f;
4 S w-sd y s d f s;
5 c s y s f-wsh s;
6 S s f h d f h Fds f;7 a f d wh inrev
d greSb sdds;8 if d s s;
9 ay k h ssy f f h Fd.
Maasvallei, Den Bosch
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28 |SuStainable inveStorS executing SuStainable inveStment propoSitionS
asds pasdconStruction Year 1986 | volume 44,150 m2 energielabel b
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cbre Dh r Fd
facts and fIGures
2010 2011 aii
Number of buildings in portfolio 151 141
Total m2 of buildings 737,491 m2 735,417 m2
Total AuM 2.0 billion 2.1 billion
Average EPC label C, 1.19 B, 1.12 B
GRESB rating Above average Green Star Green Star
Inrev sustaInable performance measures absolute measures
Common areas + unmetered tenant areas
Total energy consumption from electricity (kWh) 12,744,313 11,926,939 -2.5%
Total energy consumption from district heating and cooling (kWh) 3,114,000 3,120,000 -2.5%
Total energy consumption from fuels (kWh) 1,456,844 1,206,231 -2.5%
Green House Gas emissions (metric tonnes CO2) total direct 2,619 2,168 2,000
Green House Gas emissions (metric tonnes CO2) total indirect 6,153 988 0
Total water withdrawal by source (m3) 80,911 85,993 -2.5%
Total weight of waste by disposal route (metric tonnes) 1,060 Not available -
Percentage of waste by disposal route (proportion by weight) 49.5% Not available -
Inrev sustaInabIlIty performance measures IntensIty measures
Building energy intensity (kWh/m2/year) 25.93 -2.5%
Green House Gas emissions (kg CO2/year) from
building energy
6.32 -2.5%
Building water intensity (m3/m2/year) 0.19 -2.5%
Building electricity intensity (kWh/consumer/year) 0.12 -2.5%
Green House Gas emissions (kg CO2/consumer/year) from building energy 0.03 -2.5%
Building water intensity (m3/consumer/year) 0.00 -2.5%
Key achIevements
2010 2011 G ai p 2012
Most sustainable Dutch fund according to
the JLL Third Dimension Scan
GreenStrinGRESBreserc Benchmark energy labels to the IPD index
FroenergybeCtoB Improve energy and BREEAM labels
Energy labels for the whole portfolio 10BREEaminusesefssessents Decrease energy usageSignicntdecreseinenergysge Implement INREV sustainability recommendations
dIstrIbutIon of enerGy labels
A+
2010 2011
A
2010 2011
B
2010 2011
C
2010 2011
D
2010 2011
E
2010 2011
F
2010 2011
G
2010 2011 YEARS
LABEL
40
35
30
25
20
15
10
5
0
PERCENTAGE
CBREDirectRetilFund
A+
2010 2011
A
2010 2011
B
2010 2011
C
2010 2011
D
2010 2011
E
2010 2011
F
2010 2011
G
2010 2011 YEARS
LABEL
40
35
30
25
20
15
10
5
0
PERCENTAGE
CBREIndirectRetilFund
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sustaInabIlIty report 2012cbre Dh r Fd
strateGy
W d h ss s ss wf d s h d . thf, w hhy k sss ss. Hw, h Fds sy hs wysfssd sss s d hh qy,- ssy. as s f - hdsy, f s y d y ds
d fshs. i s d w y fsssd sd hh-qy s wh dy.m, h y w s s ssf. i hswy, w ff ss ,nancial as well as environmental.
ambItIon 2012 2021
th cbre Dh r Fd s h d df ss ds wh , d s wh ss s wh whh hy
highly satised and offering the most sustainable Dutch retailfd wh ss.
OBjECTIvES20122015
1 acquIsItIon exIstInG buIldInG
ps h qd w h d ssy h h s dd d (sd y epa c breeam i us gd (**).
2 acquIsItIon neW development
ps h dd w hh ss-y (epc a sd f breeamnww . vy gd (***).
3 operatIon
Improve the level of sustainability of the standing investments by:
improving the labels and ratings;
improving the energy efciency and decrease the energy
s;
involving sustainability in the maintenance decisions.
Fs h s f ssf.
Kloosterveste, Assen
TestrtegyofteDtcRetiFndisnotonydedictedtoinestingin
sstinberetinits,btsotocieingstisedcstoersndnboe
ergeretrnfororsreoders.Tisisorersionoftewenown
peope,pnetndprot.
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32 |SuStainable inveStorS executing SuStainable inveStment propoSitionS
4 refurbIshment/redevelopment
Wh h w fsh d, sthe possibility to lower the energy efciency and improve the
epc ( f c) sd f breeam ass ( f gd **).
5 dIsposalSsy f w k hdss sy d ss s.
maIn achIevements In 2011 The Dutch Retail Fund has been awarded a Green Star
d dsd r ld y h g r esSsy bhk (greSb) sy;
The average energy label of the properties has been
d f c b-; Ten shopping centres have been assessed via the BREEAM
bsd bw (i us) nl sh; The usage of electricity, gas and water has changed by
sy 6.5%, 17% d +6.9%; Electricity: 86% green;
Five Asset Managers and three Technical Project Managers
h fwd h breeam i us nl e s; A covenant on Green Property Management has been
sd wh y s; A green lease has been composed and the rst green
s wh hs sd; A sustainability paragraph has been implemented in the
s;
The second specic Sustainability Report has beenshd.
hIGhlIGhts
Green star
th ing Dh r Fd hs wdd wh gS h wdwd greSb sy. greSb, h g res Ssy bhk s wdwd sy
340 s s fds d hs d y14 s ss, d apg, pggm, a,Sys ah d m Ss.
Wh s f 74% & y d 65% & s, h Dh r Fd s h r lds e, d greSb.Fh, h Dh r Fd hs d h -s ss fds wdwd.
stronG Improvement of the enerGy labels
i 2011, h y f h f hs d f c b . th y d hs
shifted from 1.19 to 1.12 on average. This has been done by:1 h s ds,2 ss d qs y d3 the renement of the energy labels.
Fig 2 average energY label oF tHe portFolio
LABEL
2010
2011
A B C D E F G
Implementation&
measurement
Management & policy
Peer group 46, 27
Green walk
Green starters
Green stars
Green talk
CBRE Dutch Retail Fund
Fig 1 greSb SurveY 2011
Maasboulevard, Venlo
cbre Dh r Fd
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ten shoppInG centers rated WIth breeam In use nl
After the rst successful pilot rating of SC Beursplein in 2010,
f sh s h d wh hbreeam us nl . S s s f hlevel is currently being developed, certication is not yet
ss d h s sd sf sssss.
sig c City a s
Beursplein Rotterdam Good
Heuvel Galerie Eindhoven Good
Amsterdamse Poort Amsterdam Good
Corridor Veenendaal Good
Passage Veenendaal Good
Mosae Forum Maastricht Good
Maasboulevard Venlo Good
Cruquius Plaza Cruquius Good
Alexandrium II Rotterdam Good
Molenwijk Amsterdam Pass
n f h d sh s h gdrating, underlining the sustainable prole of the fund. The
s ds sh mwjk asd sd ss s, s s y dd. thbreeam d sss s 45% f h Fds and 35% of the Funds oor space.
enerGy and Water consumptIon
th s f 113 y s sdwh h Dh r Fd ws 11,926,939 kWh 2011.cd 2010, hs sd s f d 6.5%.S 8,287,719 kWh f y ws hsd,whh s 86% f h . m h 83% f h
y s s h y sysy.
th s s f h Dh r Fd d1,206,231 2011. ths s ss h 17% dw 2010. ths ws y hd hh y ss, ssd y h s hd. 80% f h ss ws y sd h y sys y h d f 2011. S 180,246 f s ws hsd, whh s 15% f h. S s ws y s s, ws wys fs hs s.th w s f 85,933 f 2011 s 6.9%
h 2010. th 69 w s f h Fd w sd y h y sys.
Heuvel Galerie, Eindhoven
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34 |SuStainable inveStorS executing SuStainable inveStment propoSitionS
REFERENCEPROjECTS:ImPlEmENTaTIONOFsustaInabIlIty on natural moments
sustaInabIlIty throuGh maIntenance
th f f h 13,400 v&D lwd wsshdd f 2011. isd f sy
h d , w kd wys hh s f f h f. by h f whh b, s f d wh ysyf s, h y f h d ws df e- c-. i dd, h f material Olivijn was chosen to nish it off. This material has
co2 z ff. ry f wssfd ssy sss sy.
automatIcally closInG doors
ny, s k h h ds wys d k s sy s ss f h ss h . of s, ds s
ss, sy h w. thf, why s ds ws d y h myf asd, mKb ndd, Sn, bsndd d Da r.
Wh Kjksh. wd h w s h p 40-45 , cbre g isssw s h f y h d sss fd wh sd . as f hs ss-y f h dd, h Kjksh. ssddd y s ds h fd.
i 2011, h sk ss f h j f ys ds w shd wh h . th hd
d f sx hs, d, , h
results were clear: most of the apprehensions concerning closed
ds w dd, wh h h ss dsd y
43%. th s ss hs s f d h
s ws d d k js 4.7 ys.
New Kijkshop.nl facade in Plein 40-45
Old rooftop V&D in Leeuwarden: E-label New roof: higher isolation and CO2 neutral, C-label
cbre Dh r Fd
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Old lighting installation in WTC parking garage
Newly installed boilers in Amsterdamse Poort
New situation: better lighting, less energy
doInG Good by InvestInG smart
th asds p sh sss f hdff ss. th f h s seight can denitely be seen as one of the key successes in the
ssy ffs f hs y. tw f h h d Hr103s h w d wh w Hr107 s;
h s w fw shy. th s ssdwh hs s d 270,000. thyk d f h s s d 1.1 ys(7% annual reduction on gas: 35,000 m3 ).
Not only do we enjoy the nancial benets of this replacement
d s h s k d ss hfds, h y f h asds phs jd f e b!
lED;lESSCOSTS,BETTERlIGhTING
Hw sss s ? by h d tl5h s h d k f h Wtc rd, s s f bs,y r leD h, h y ss dsdy 25%. S h k ffs 24-h h f sfy
and comfort reasons, both the environmental and the nancialds w sy . o ss, 11,000 s sd, whh ss yk df h s f y h ys. Fh,h h sd ssy 150lux.
Byinestinginsrtsstinbe
sotionsndintegrtingsstinbiity
intoorcoopertionwitproperty
ngersndretiers,weresetting
testndrdinDtcretireestte.
Jaap Dmoed, Portfolio Manager
CBRE Global Investors Dutch Retail Fund
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36 |SuStainable inveStorS executing SuStainable inveStment propoSitionS
Supermarket retailer C1000 is the rst to sign a green lease for their new unit at Oudeland shopping centre in Zwijndrecht
GREENlEaSES:hOWTOINTEGRaTESuSTaINaBIlITYInto our tenant relatIonshIp
aWareness
The rst step towards increasing sustainability and integrating h sh wh s ws d f-
. W dd s 2011 y z fssss d Fy-a h s.thh h y, ws sw ss, w hdssss. a f sh sss s d hfsh f h Kjksh. s.
F 2012, f h ky s w h h w-ss f s fh d, wh ss, s hd. ahh h s h dy s h w ssy s d s, w - ssy shs wh f s, f s. Hw, k d sss, h sh s h s
d f h ss.
Green leases
F h f ssy hsh wh s, ss d.D h y dss h d draft our very rst green lease. At the end of 2011, we suc-
dd s w ss, hy f hrst retail investors in the Dutch market with actually signed
ss!
th f h s s w d w k s f h s d ss wy d d (d y)h y, ws d w s. Ky s hgreen lease are thus:
Energy Management Water Management
Waste Management
Data exchange
Interior design
Sustainable investments
WorKInG toWards a standard
i wh h h d ss s h nhds, w h s wk whh w h s ss d s sdd f h k.
pss hs d whh hs d s sh s wh sd f s. th ss f hss hs y s; s sw s s, hs w h .
F 2012, h s fs w s d h d y k wh d f s. ths shs w wds d hk sdd; sh sdd s - j.
cbre Dh r Fd
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Corridor, Veenendaal Mosae Forum, Maastricht
reductIon of the carbon footprInt
Fig 3 carbon Footprint cbre DutcH retail FunD
2010
-64%
8,772 T 3,156 T
2011 YEAR
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
T CO2
(Source: INNAX)
i d d h f h fd sd
the energy efciency of our building as well as the usage of
y f 26% 2010 86% 2011! th -
s s hs fh 95% h
ys. ah h ws h -
d f s. i 2011 15% f s-s ws
, h s 35% h x ys.
Green actIon plan 2012
th Dh r Fd s h h fwss s 2011.
1 BREEAM in Use: rate several new shopping centres and
h s2 Energy labels: further improve the current average of the
y s3 bhk h f y s h ipD
hk d f h ss4 Ds h s f y, s d w h f
5 Fh h s f y d s6 cs ss d y
k sdd7 Wk wh h y s ss
y ss8 if d s s wh ssy h9 a h y sys wh inrev d
greSb 10 rsh hw h f y
ssy wh f
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38 |SuStainable inveStorS executing SuStainable inveStment propoSitionS
Kssass
conStruction Year 2010 | volume 8,250 m2 energielabel a
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SuStainable inveStorS executing SuStainable inveStment propoSitionS |39
summary
Key achIevements dutch offIce fund
2010 2011 G ai p 2012
Green valuations; sustainable paragraph in
valuation reports
Energyconsuptiondt;every15in
onitoringofenergyconsuption
Adapt INREV reporting standards
Tenant brochures; brochure send to all tenants
regarding sustainability;
Quickscnonllbuildingclite
ii qik wi i
Start collecting water
consumption data
100% green energy; program to obtain 100%
green energy procurement
Tenntbrochureregrdingwste
ngeentsendtolltennts
Execute quick wins based on 2011
quick scan
Key achIevements dutch resIdentIal fund
2010 2011 G ai p 2012
Quick scans for 16 properties Greenenergycoonres Energy labels for commercial units
Completion IJpelaar renovation project BREEamExpert-trining Sustainability part of acquisition and
disposition requests
Coitentproperty
ngerstosstinbiity
Align with INREV and GRESB standards
Web-based energy consumption monitoring
Target average energy label C reached ahead
of schedule
Iprovingvergeenergylbelportfolio
&reducingE,FndGlbel
Further improvement of average energy label
Key achIevements dutch retaIl fund
2010 2011 G ai p 2012
Most sustainable Dutch fund according to
the JLL Third Dimension Scan
GreenStrinGRESBreserc Benchmark energy labels to the IPD index
FroenergybeCtoB Improve energy and BREEAM labels
Energy labels for the whole portfolio 10BREEaminusesefssessents Decrease energy usage
Signicntdecreseinenergysge Implement INREV sustainability recommendations
ths s sh sy f h s f h . Shd y h y qss dssy h swd s f f s.
th shd qs whh h Dh Fds hk
ssy s , js s s d sk-hds hk hs s, s s ss s h
Dh Fds w k h w ssy f h
.
i h ffs k hs ssy, h Dh Fds
ds h w h h
same time try to have a positive inuence on the entire real
s s h. thh wh y
s h Dh Fds y k whh s
h js w sss d . thss f h s s (sd h 1) w h
h Dh Fds k s d -
y ss ssy
s.
nx h ff h h Fds h h d
their own progress. Below you will nd a short overview of the
ky hs f s y d h s s
f h ys .
asprtofoneoftergestreestteinestentrsinteWord,teCBRE
GobInestorsDtcFndsetebitiontobeteostsstinbe
inestorinreestteinteNeternds.Tisbrocreisiedtoproiden
oeriewforsteodersregrdingteprogressofteCBREGobInestors
DtcFndstrogtestyersndtebitionsofteyerstocoe.
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40 |SuStainable inveStorS executing SuStainable inveStment propoSitionS
H vldshd
conStruction Year 2010 | appartmentS 79 energielabel b
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PhoToGRAPhyCbre Go ivsos ds
ConCEPT AnD DEsIGnCscd - vs commc v, amsdm, h nhds
PRInTSuM= pmgm v, amsv, h nhds
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www.cbreglbalivetr.cm
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