CBRE Global Investors Sustainability Report 2011

7/31/2019 CBRE Global Investors Sustainability Report 2011

1/44

SuStainability report 2012

SuStainable inveStorS

excg sssm ss


2/44

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


3/44

SuStainable inveStorS executing SuStainable inveStment propoSitionS |1

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


4/44

2 |SuStainable inveStorS executing SuStainable inveStment propoSitionS

bssrd

conStruction Year 1996 | volume 14,072 m2 energielabel c


5/44


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


6/44


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


7/44


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


8/44


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.


9/44


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


10/44



11/44


vrd

conStruction Year 2008 | volume 22,795 m2 energielabel a


12/44


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


13/44


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).


14/44


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


15/44


Wtc asdasdconStruction Year 1982 (2002/2004) | volume 133,704 m2 energielabel a


16/44


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


17/44


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


18/44



19/44


SdskwnwconStruction Year 2012 | appartmentS 89 energielabel a


20/44

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



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 -


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


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.


21/44


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.


22/44


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


23/44


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.


24/44


D bwseshdconStruction Year 2011 | appartmentS 30 energielabel a


25/44


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).


26/44


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


27/44


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


28/44


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


29/44


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)


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


30/44


asds pasdconStruction Year 1986 | volume 44,150 m2 energielabel b


31/44



32/44

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



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 -


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


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


33/44


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.


34/44


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


35/44


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


36/44


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


37/44


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


38/44


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


39/44


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.


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


40/44


Kssass

conStruction Year 2010 | volume 8,250 m2 energielabel a


41/44


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.


42/44


H vldshd

conStruction Year 2010 | appartmentS 79 energielabel b


43/44

PhoToGRAPhyCbre Go ivsos ds

ConCEPT AnD DEsIGnCscd - vs commc v, amsdm, h nhds

PRInTSuM= pmgm v, amsv, h nhds


44/44

www.cbreglbalivetr.cm

Asia Pacifc

Hog Kog (HQ)

Sgo

Shgh

t

So

toko

Sd

EMEA

th Hg (HQ)

Mdd

lodo

ps

bsss

lxmog

M

Fkf

pg

Hsk

Sockhom

bds

Wsw

bchs

D

America

los ags (HQ)

a

bmo

phdh

pco

nw yok

boso

Date post:	05-Apr-2018
Category:	Documents
Upload:	energiemedia
View:	214 times
Download:	0 times

CBRE Global Investors Sustainability Report 2011

Documents