GRESB awards five-star ratings to a.s.r. real estate’s retail, residential and office funds

Science Park Fund rises from two to four stars and is global leader in the Technology/Science category

This year a.s.r. real estate’s retail, residential and office funds all received a perfect five-star rating in the GRESB benchmark. This means that the funds are among the 20% most sustainable GRESB funds in the world. All funds scored well above the GRESB average of 74 points and above their peer group average. Improved individual ESG performance targets; more extensive provision of data on energy, GHG, waste and water usage; and more comprehensive BREEAM certification contributed to this maximum score. The Science Park Fund received four stars and was named Global Non-listed Sector Leader in the Technology/Science category.

Scoring 10 points higher than last year, the ASR Dutch Prime Retail Fund achieved 93 points and ranked second in its peer group. The ASR Dutch Mobility Office Fund was assigned to a new peer group, Western Europe Office Corporate Core, in which it ranked fourth out of 27 funds. As its entire portfolio achieved BREEAM certification in 2021, the ASR Dutch Core Residential Fund also gained two additional points. The ASR Dutch Science Park Fund improved its rating from two to four stars (from 73 to 87 points), making it world leader in its Technology/Science peer group.

Dick Gort, CEO of a.s.r. real estate: “In 2021, we decided to further raise our sustainability ambitions, moving up our Paris Proof deadline from 2050 to 2045. These GRESB results show that we are already starting to reap the benefits of this decision.”

Five stars and a 10-point bump for the ASR Dutch Prime Retail Fund
This year, ASR Dutch Prime Retail Fund achieved five stars in the GRESB benchmark. The fund’s score improved by 10 points to a total of 93, marking the biggest improvement in the past five years. It scored well above the GRESB average (74 points) and came second out of six in its peer group, Netherlands Retail Core. The improved GRESB score can be attributed mainly to better BREEAM certification and more comprehensive provision of data on energy, GHG, waste and water usage.

Five stars for the ASR Dutch Mobility Office Fund
The ASR Dutch Mobility Office Fund scored 91 out of 100 points in 2022 and achieved a five-star rating, placing the fund among the top 20% of global participants. The fund ranked fourth out of 27 in its new peer group, scoring above the peer group average (80 points) and the GRESB average (74 points). While it lost one point compared to 2021, it was able to maintain a very high score. This is explained by a data decrease due to the sale of the Eempolis office complex.

Five stars for the ASR Dutch Core Residential Fund
The fund’s improved GRESB score was mainly achieved through its continuous improvements in tenant engagement and the portfolio’s full BREAAM-NL In-Use Residential certification. The ASR Dutch Core Residential Fund achieved a GRESB rating of five stars, making it one of the 20% best-performing GRESB funds in the world. This year the fund’s GRESB score rose to 90 points, up from 88 points in 2021, above both the GRESB average (74 points) and the peer group average (86 points).

ASR Science Park Fund rises from two to four stars to become global leader in the Technology/Science category
The ASR Dutch Science Park Fund participated in the GRESB survey for the second time in 2022 and scored an impressive 87 out of 100 points. This represents a 15-point improvement, taking the fund to four-star status one year earlier than expected. It also outperformed the GRESB average (74 points). ASR Dutch Science Park Fund is now ranked first in its peer group, making it Global Non-listed Sector Leader in the Technology/Science Core category.