a.s.r. real estate

CSR - ASR Dutch Mobility Office Fund

undefinedThe aim of the ASR Dutch Mobility Office Fund is to establish and maintain an office portfolio with an intrinsic long-term value. As defined in the ASR DMOF strategy, long-term value can be created near national and international mobility hubs with a strong focus on train stations. We aim to offer offices that are comfortable, accommodate multiple tenants and meet the current and future wishes of tenants in terms of use, flexibility and sustainability. These offices have a proven track record as being among the most attractive places to work throughout the economic office real estate cycle.

Our CSR policy is based on four key pillars, the four Ps: Property, People, Partners and Planet. This means that, in our efforts to achieve a sustainable property portfolio, we seek to build long-term relationships with sustainable partners. We are also looking to make an active contribution ourselves to society and the environment. For details on how we go about doing this, we refer to the CSR policy ASR DMOF 2018-2020. Each P has a strategic objective. The CSR annual report describes the results of the strategic objectives.

Every year, the Fund’s CSR performance is measured and explained in the GRESB benchmark. GRESB is an independent, scientifically based benchmark that assesses sustainability policies and their execution of real estate funds and portfolios worldwide. ASR DMOF will participate in the GRESB survey for the first time in 2018.

An energy label A for > 80% of the portfolio
undefinedIn order to accelerate sustainability in the office market, the Dutch government has adopted a policy requiring investors to invest in their properties and obtain a minimum energy label C. From 2023 onwards, all Dutch office buildings will be required to have been awarded energy label C as a minimum (except for office properties smaller than 100 sq.m. and monuments). Properties that do not comply with the energy label C requirement by 2023 will not be allowed to be used as an office building. Expectations are that energy label A will be mandatory for all Dutch office properties by 2030.

Although the ASR Dutch Mobility Office Fund will not be required to obtain energy label A for all its office properties until 2030, it does plan to obtain an energy label A for over 80% of the portfolio in the period 2018-2020. Taking these measures, the ASR Dutch Mobility Office Fund will create a well above-average green office portfolio that is ready for future regulations and will, therefore, maintain its long-term value.