NEINVER and Nuveen Real Estate’s joint venture obtained the highest five-star rating in the GRESB Benchmark Report for the fourth consecutive year.
NEINVER, an industry-leading company specialised in property investment, development and management, and Nuveen Real Estate, one of the largest investment managers in the world, have obtained the highest five-star rating in the 2023 Global Real Estate Sustainability Benchmark for the fourth consecutive year for Neptune – a joint venture between NEINVER and Nuveen’s parent company, TIAA -, placing it in the top three in the “Southern Europe, Retail Centres” category in terms of overall ESG performance.
The GRESB index, which assesses the most relevant aspects of sustainability for investors and the real estate industry, has analysed the ESG performance of the portfolio managed by NEINVER under its joint venture with Nuveen Real Estate, which includes 15 assets (13 outlet centres and two retail & leisure parks).
Neptune has scored top marks in Certifications, Data monitoring, Leadership, Reporting, Risk Assessment and Objectives and has also excelled in aspects such as Tenants & Community, Stakeholder Engagement and Waste.
One of the main initiatives rolled out in 2022 was the new Zero Waste policy, thanks to which 94 per cent of the assets were able to obtain Zero Waste certification. This makes NEINVER the first company in the sector in Europe to receive this acclaimed accreditation from the multinational TÜV Rheinland for virtually its entire portfolio.
In addition, almost all the centres are BREEAM In-use certified with either an “Excellent” or higher rating in both the asset performance and building management categories. The centres in Spain were recertified in 2022 achieving the target level “Outstanding” for building management, with the Company currently in the process of renewing the certification of its assets in Italy, Poland and France.
