Congratulations to #FitwelChampion and founding member of the Fitwel Leadership Advisory Board (LAB) Tishman Speyer on their impressive GRESB results in Europe!
Thrilled to share our record-breaking GRESB results in Europe! Our Tishman Speyer European Core Fund (TSEC) continues to lead the way, showcasing excellence in both leasing activity and delivering significant social and environmental outcomes. We are proud to announce that TSEC has achieved a 5-star GRESB rating for the 5th consecutive year, with its highest score yet – 92/100, ranking at the top of its peer group and in the top 4% of Core European Open-ended Non-listed funds (452 participants). In 2023, we made significant strides, including transitioning assets away from gas, reducing energy use by 6.6%, cutting emissions by 5.8%, and generating positive community benefits through a range of initiatives. Alongside our ongoing engagement with local stakeholders and programs, we’ve also directed €470,000 (as of Q2-24) to local charities addressing key issues in the neighbourhoods surrounding our assets since 2021. With more than 17,000 sqm of leases signed since 2023 (as of Q2-24) and a 96% portfolio occupancy rate (as of Q2-24)**, TSEC’s strength lies in its ability to stay aligned with evolving market priorities. Adding to this, our Pan-European value-add and development fund, Tishman Speyer European Real Estate Venture VIII (TSEV VIII) secured a 4-star rating for the second consecutive year, with an outstanding score of 94/100 – our highest score ever, following four years of surpassing year-on-year results. We understand that development and repositioning can have an environmental impact. That’s why we are committed to minimising it through responsible, data-driven practices. By incorporating renewable energy into our designs, targeting high ESG certifications, and implementing other features of our approach, we aim to significantly reduce our footprint while delivering long-term value. These achievements reaffirm our unwavering commitment to driving ESG performance through active management and sustainable development, ultimately driving value for our investors. GRESB is the leading international ESG benchmark for real estate investments, covering $7.2 trillion in assets under management and more than 170,000 assets worldwide. The 5-star GRESB rating and 94/100 score represent industry leadership, and we are incredibly proud of the teams that drove TSEC and TSEV VIII to achieve these recognitions. #GRESB #ESGLeadership #SustainableRealEstate #TishmanSpeyer #RealEstateInnovation #ActiveManagement Disclaimer: USA – This is not an offer for sale of TSEC securities in the USA. Securities in TSEC may not be offered or sold in the USA without registration or an exemption from registration. Any public offering of TSEC in the USA will be made through a prospectus with detailed company, management and financial information. GRESB – The designation is based on 2024 reviews, with a fee being paid for review administration. https://lnkd.in/dJSruEzx **Past performance is not indicative of future results.