2021 Real Estate Assessment Results

  • The 2021 benchmark saw the largest ever growth in total numbers, with 1,520 entities now participating worldwide, with significant growth focused in Europe
  • Average GRESB scores increased to 73 for the Standing Investments Benchmark and 79 in the Development Benchmark, following last year’s assessment restructure
  • Oceania continues to lead the way, with the highest regional average score of 79 in the Standing Benchmark and 84 in the Development Benchmark
  • Significant performance improvements were noted in GHG emission, water and waste reductions, a result of both Covid-19 and continued investment in improving efficiencies

Coverage and growth

Participation in the Real Estate Benchmark grew by 24% this year, to 1,520. This is the highest percentage increase the assessment has seen since 2012 and the highest ever increase in total numbers. The benchmark now covers $5.7 trillion of AuM (up from $4.8 trillion) and nearly 117,000 individual assets.

Growth has been driven mainly by Europe, which saw massive growth for the second year in a row and now accounts for nearly half of the entire benchmark. High continued growth in Europe is likely driven by both investor interest in ESG data and the industry’s focus on and attention to emerging regulations. The group of listed entities grew by 20% while the non-listed group grew by 25%.

Participants in the 2021 Real Estate Assessment

Benchmark size and asset location

This year, 1,520 property companies, REITs, funds and developers participated in the GRESB Real Estate Assessment (up from 1,229 in 2020), generating a benchmark that covers $5.7 trillion of AuM (up from $4.8 trillion). The benchmark covers nearly 117,000 assets (up from 96,000 last year), all of which are reported at the asset level. The data combines high-level overall scores with in-depth information across hundreds of ESG data points, including performance indicators such as GHG emissions, waste and energy and water consumption.

GRESB Scores

While average GRESB scores in 2020 were affected by last year’s assessment restructure, this year saw renewed score improvements. The average Standing Investments Benchmark score is 73 and the average Development Benchmark score is 79. Oceania continues to lead the way with averages scores of 79 and 84, respectively, followed by Asia with average scores of 75 and 80, and Europe and Americas very close to each other with respective average scores of 71 and 79 and 73 and 75.

Aspect Scores

Participants improved on scores across nearly every aspect of the assessment. Score improvement was particularly high in Data Monitoring & Review (a 9% average increase), underlying increased global efforts to improve verification of performance data. On the development side, the most improvement was seen in Materials, highlighting more focus on material selection and embodied carbon tracking in developments and renovations.

Scores

The GRESB Star rating is based on the GRESB Score and its quintile position relative to all participants in the GRESB Assessment, with annual calibration of the model. GRESB 5 Stars is the highest rating and recognition for being an industry leader. Each year, 20% of entities receive a GRESB 5 Star rating.
The tables below show how the GRESB Scores are distributed along the five star categories. With the increase in overall GRESB Scores, the challenge to both receive and maintain the 5 star designation persists.

  • # starsTop LimitBottom LimitDifferenceAverage Standing Investments ScoreAverage Management ScoreAverage Performance Score
    599.6186.4413.1790.6529.0161.64
    486.3779.376.9982.8828.3854.5
    379.3671.827.5375.427.6347.78
    271.8161.899.9167.2326.640.63
    161.768.7852.9947.9520.827.15
  • # starsTop LimitBottom LimitDifferenceAverage Development ScoreAverage Management ScoreAverage Development Component Score
    510090.299.7193.428.8664.54
    490.2884.715.5687.4628.0359.42
    384.779.425.2882.1927.3354.85
    279.2969.969.3475.0925.5549.54
    169.9515.0454.9255.3620.1435.22

Performance in light of Covid

The global impact of the Covid-19 pandemic is noticeably reflected in performance scores. This year’s benchmark shows unprecedented reductions in utility usage, with like-for-like reductions in energy consumption, GHG emissions and water usage nearly threefold from previous years. These reductions were most pronounced in Asia, which saw decreases in energy consumption (8%), GHG emissions (10%) and water consumption (11%). To complement the Real Estate Assessment this year, GRESB surveyed Members and Partners on how Covid-19 has affected portfolio performance. Results showed that these sizable reductions are not solely attributable to the pandemic – participants are also making significant improvements engaging tenants and implementing efficiency measures.

Sector Leaders

The GRESB Sector Leaders are the best performers by sector, region and nature of ownership from across the GRESB Assessments.

The entity with the top GRESB Score, as well as the entities with a score within 1 point of the top score in a category will be recognized as Sector Leaders. You can find more information on Sector Leaders here.

Standing Investments Benchmark

  • SectorFund nameFund manager
    HealthcareAchmea Dutch Health Care Property FundSyntrus Achmea Real Estate & Finance
    ResidentialAltera ResidentialAltera Vastgoed NV
    HealthcareAmvest Living & Care FundAmvest
    OfficeAustralian Prime Property Fund CommercialLendlease
    RetailAustralian Prime Property Fund RetailLendlease
    HotelBouwinvest Dutch Institutional Hotel Fund N.V.Bouwinvest Real Estate Investors
    Diversified - Office/IndustrialCastellum ABCastellum AB
    RetailCBRE Retail Property Fund IbericaCBRE Global Investors
    Technology/ScienceDigital RealtyDigital Realty
    DiversifiedHines Master Fund Management Company S.a.r.l. on behalf of Hines Real Estate Master FCP-FISHines
    HotelIRE European Hotel Fund FCP RAIFInvesco Real Estate
    Diversified - Office/ResidentialJ.P. Morgan U.S. Value AddJ.P. Morgan Asset Management
    RetailKlépierreKLEPIERRE
    OfficeLendlease International Towers Sydney TrustLendlease
    IndustrialLogistisAEW
    OtherShurgard Self Storage SAShurgard Self Storage SA
    Mixed useSwire Properties LimitedSwire Properties Limited
    Diversified - Office/RetailVasakronanVasakronan
  • SectorLegal StatusFund nameFund manager
    HealthcareNon-listedAchmea Dutch Health Care Property FundSyntrus Achmea Real Estate & Finance
    ResidentialNon-listedAltera ResidentialAltera Vastgoed NV
    HealthcareNon-listedAmvest Living & Care FundAmvest
    HotelListedAscott Residence TrustAscott Residence Trust
    OfficeNon-listedAustralian Prime Property Fund CommercialLendlease
    RetailNon-listedAustralian Prime Property Fund RetailLendlease
    HotelNon-listedBouwinvest Dutch Institutional Hotel Fund N.V.Bouwinvest Real Estate Investors
    Mixed useNon-listedBVK Highstreet Retail Europe ImmobilienfondsHines
    DiversifiedListedCapitaLand LimitedCapitaLand Group
    Diversified - Office/IndustrialListedCastellum ABCastellum AB
    RetailNon-listedCBRE Retail Property Fund IbericaCBRE Global Investors
    OfficeListedCegerealCegereal
    Diversified - Office/RetailListedCity Developments LimitedCity Developments Limited
    Diversified - Office/ResidentialListedCovivioCovivio
    HotelListedDiamondRock Hospitality CompanyDiamondRock Hospitality Company
    IndustrialListedGLP J-REITGLP Japan Advisors Inc.
    DiversifiedNon-listedHines Master Fund Management Company S.a.r.l. on behalf of Hines Real Estate Master FCP-FISHines
    Diversified - Office/IndustrialNon-listedInvesco Real Estate (Asia)Invesco Real Estate
    HotelNon-listedIRE European Hotel Fund FCP RAIFInvesco Real Estate
    Diversified - Office/ResidentialNon-listedJ.P. Morgan U.S. Value AddJ.P. Morgan Asset Management
    Diversified - Office/ResidentialListedJBG SMITHJBG SMITH
    RetailListedKlépierreKLEPIERRE
    OfficeNon-listedLendlease International Towers Sydney TrustLendlease
    IndustrialNon-listedLogistisAEW
    OtherListedShurgard Self Storage SAShurgard Self Storage SA
    OfficeListedSuntec Real Estate Investment TrustARA Trust Management (Suntec) Limited
    ResidentialListedUDR, Inc.UDR, Inc.
    Diversified - Office/RetailNon-listedVasakronanVasakronan
    Diversified - Office/RetailListedVornado Realty TrustVornado Realty Trust
  • SectorRegionFund nameFund manager
    HealthcareEuropeAchmea Dutch Health Care Property FundSyntrus Achmea Real Estate & Finance
    ResidentialAsiaAdvance Residence Investment CorporationAD Investment Management Co., Ltd.
    ResidentialEuropeAltera ResidentialAltera Vastgoed NV
    HealthcareEuropeAmvest Living & Care FundAmvest
    OfficeOceaniaAustralian Prime Property Fund CommercialLendlease
    RetailOceaniaAustralian Prime Property Fund RetailLendlease
    OfficeAmericasBeacon Capital Strategic Partners VII, L.P.Beacon Capital Partners, LLC
    HotelEuropeBouwinvest Dutch Institutional Hotel Fund N.V.Bouwinvest Real Estate Investors
    RetailAmericasBrookfield Property REITBrookfield Properties
    DiversifiedAsiaCapitaLand LimitedCapitaLand Group
    Diversified - Office/IndustrialEuropeCastellum ABCastellum AB
    OfficeEuropeCBRE Dutch Office FundCBRE Global Investors
    RetailEuropeCBRE Retail Property Fund IbericaCBRE Global Investors
    Diversified - Office/RetailAsiaCity Developments LimitedCity Developments Limited
    OfficeAmericasCommonWealth PartnersCommonWealth Partners
    Diversified - Office/ResidentialEuropeCovivioCovivio
    Diversified - Office/IndustrialOceaniaCromwell Property Trust 12Cromwell Property Group
    Diversified - Office/ResidentialAsiaDBJ Private REIT Inc.DBJ Asset Management Co., Ltd.
    Diversified - Office/RetailOceaniaDexus Wholesale Property FundDexus
    Technology/ScienceAmericasDigital RealtyDigital Realty
    IndustrialAmericasFIBRA PrologisPrologis
    IndustrialOceaniaFrasers Property Industrial Australia Pty LimitedFrasers Property Industrial Australia Pty Limited
    IndustrialAsiaGLP J-REITGLP Japan Advisors Inc.
    Diversified - Office/IndustrialOceaniaGrowthpoint Properties AustraliaGrowthPoint
    DiversifiedEuropeHines Master Fund Management Company S.a.r.l. on behalf of Hines Real Estate Master FCP-FISHines
    Mixed useEuropeHufvudstaden ABHufvudstaden AB
    ResidentialAmericasInstitutional Multifamily Partners LLCGID Investment Advisers LLC
    HotelEuropeIRE European Hotel Fund FCP RAIFInvesco Real Estate
    DiversifiedAmericasJ.P. Morgan U.S. CoreJ.P. Morgan Asset Management
    Diversified - Office/ResidentialAmericasJ.P. Morgan U.S. Value AddJ.P. Morgan Asset Management
    Diversified - Office/RetailAmericasJamestown Premier FundJamestown, LP
    HotelAsiaJapan Hotel REIT Investment CorporationJapan Hotel REIT Advisors Co., Ltd.
    OfficeAmericasKilroy Realty CorporationKilroy Realty Corporation
    RetailEuropeKlépierreKLEPIERRE
    RetailAsiaLendlease Global Commercial Real Estate Investment TrustLendlease Global Commercial Trust Management Pte Ltd
    OfficeOceaniaLendlease International Towers Sydney TrustLendlease
    OfficeAmericasLionstone|CalStrs SALionstone Investments
    IndustrialEuropeLogistisAEW
    Diversified - Office/IndustrialAmericasManulife Investment Management Global Real Estate PortfolioManulife Investment Management
    OfficeAmericasNew York Life General Account - Joint VentureNew York Life Investors
    Diversified - Office/ResidentialAsiaNTT UD REIT Investment CorporationNTT Urban Development Asset Management Corporation
    IndustrialAmericasPrologis Brazil Logistics VenturePrologis
    DiversifiedAmericasRBC Canadian Core Real Estate FundRBC GAM - QuadReal
    OfficeAsiaSuntec Real Estate Investment TrustARA Trust Management (Suntec) Limited
    RetailAmericasSuper Regional Mall FundNuveen Real Estate
    Mixed useAsiaSwire Properties LimitedSwire Properties Limited
    Diversified - Office/RetailAmericasThe Cadillac Fairview CorporationThe Cadillac Fairview Corporation
    ResidentialAsiaTokyo Multi Family PartnershipNuveen Real Estate
    Diversified - Office/RetailEuropeVasakronanVasakronan
    Diversified - Office/RetailAmericasVornado Realty TrustVornado Realty Trust
  • SectorRegionLegal StatusFund nameFund Manager
    Diversified - Office/ResidentialEuropeNon-listedMandatum henkivakuutusyhtiö (Mandatum Life)Sampo Oyj
    IndustrialEuropeListedAberdeen Standard European Logistics Income PLCAberdeen Standard Investments
    HealthcareEuropeNon-listedAchmea Dutch Health Care Property FundSyntrus Achmea Real Estate & Finance
    ResidentialAsiaListedAdvance Residence Investment CorporationAD Investment Management Co., Ltd.
    ResidentialEuropeNon-listedAltera ResidentialAltera Vastgoed NV
    HealthcareEuropeNon-listedAmvest Living & Care FundAmvest
    OfficeOceaniaNon-listedAustralian Prime Property Fund CommercialLendlease
    RetailOceaniaNon-listedAustralian Prime Property Fund RetailLendlease
    OfficeAmericasNon-listedBeacon Capital Strategic Partners VII, L.P.Beacon Capital Partners, LLC
    HotelEuropeNon-listedBouwinvest Dutch Institutional Hotel Fund N.V.Bouwinvest Real Estate Investors
    RetailAmericasListedBrookfield Property REITBrookfield Properties
    Mixed useEuropeNon-listedBVK Highstreet Retail Europe ImmobilienfondsHines
    DiversifiedAsiaListedCapitaLand LimitedCapitaLand Group
    Diversified - Office/IndustrialEuropeListedCastellum ABCastellum AB
    OfficeEuropeNon-listedCBRE Dutch Office FundCBRE Global Investors
    RetailEuropeNon-listedCBRE Retail Property Fund IbericaCBRE Global Investors
    OfficeEuropeListedCegerealCegereal
    Diversified - Office/RetailAsiaListedCity Developments LimitedCity Developments Limited
    OfficeAmericasNon-listedCommonWealth PartnersCommonWealth Partners
    Diversified - Office/RetailOceaniaNon-listedDexus Wholesale Property FundDexus
    DiversifiedAsiaNon-listedDREAM Private REIT Inc.Diamond Realty Management Inc.
    IndustrialAmericasListedFIBRA PrologisPrologis
    IndustrialOceaniaNon-listedFrasers Property Industrial Australia Pty LimitedFrasers Property Industrial Australia Pty Limited
    Diversified - Office/RetailAsiaNon-listedFrasers Property SingaporeFrasers Property (Singapore) Pte. Ltd
    IndustrialAsiaListedGLP J-REITGLP Japan Advisors Inc.
    IndustrialAsiaNon-listedGoodman Japan Core Partnership (GJCP)Goodman Group
    DiversifiedEuropeNon-listedHines Master Fund Management Company S.a.r.l. on behalf of Hines Real Estate Master FCP-FISHines
    OfficeAmericasListedHudsonPacificProperties, INC. HudsonPacificProperties, INC.
    OfficeAsiaNon-listedIGIS Private Real Estate Investment Trust No. 35IGIS Asset Management
    ResidentialAmericasNon-listedInstitutional Multifamily Partners LLCGID Investment Advisers LLC
    HotelEuropeNon-listedIRE European Hotel Fund FCP RAIFInvesco Real Estate
    RetailAmericasNon-listedIvanhoe Cambridge - managed portfolioIvanhoe Cambridge
    DiversifiedAmericasNon-listedJ.P. Morgan U.S. CoreJ.P. Morgan Asset Management
    Diversified - Office/ResidentialAmericasNon-listedJ.P. Morgan U.S. Value AddJ.P. Morgan Asset Management
    Diversified - Office/RetailAmericasNon-listedJamestown Premier FundJamestown, LP
    HotelAsiaListedJapan Hotel REIT Investment CorporationJapan Hotel REIT Advisors Co., Ltd.
    OfficeAmericasListedKilroy Realty CorporationKilroy Realty Corporation
    RetailEuropeListedKlépierreKLEPIERRE
    Diversified - Office/RetailEuropeListedLand Securities Group PLCLand Securities Group PLC
    Diversified - Office/IndustrialEuropeNon-listedLaSalle E-REGILaSalle Investment Management Kapitalverwaltungsgesellschaft mbH
    RetailAsiaListedLendlease Global Commercial Real Estate Investment TrustLendlease Global Commercial Trust Management Pte Ltd
    OfficeOceaniaNon-listedLendlease International Towers Sydney TrustLendlease
    OfficeAmericasNon-listedLionstone|CalStrs SALionstone Investments
    IndustrialEuropeNon-listedLogistisAEW
    DiversifiedAsiaNon-listedM&G Asia Property FundM&G Real Estate
    Diversified - Office/IndustrialAmericasNon-listedManulife Investment Management Global Real Estate PortfolioManulife Investment Management
    OfficeAmericasNon-listedNew York Life General Account - Joint VentureNew York Life Investors
    RetailAsiaNon-listedParkway Parade PartnershipLendlease
    IndustrialAmericasNon-listedPrologis Brazil Logistics VenturePrologis
    DiversifiedAmericasNon-listedRBC Canadian Core Real Estate FundRBC GAM - QuadReal
    OfficeAsiaListedSuntec Real Estate Investment TrustARA Trust Management (Suntec) Limited
    RetailAmericasNon-listedSuper Regional Mall FundNuveen Real Estate
    Diversified - Office/RetailAmericasNon-listedThe Cadillac Fairview CorporationThe Cadillac Fairview Corporation
    ResidentialEuropeListedThe UNITE Group PlcThe UNITE Group Plc
    ResidentialAsiaNon-listedTokyo Multi Family PartnershipNuveen Real Estate
    ResidentialAmericasListedUDR, Inc.UDR, Inc.
    Diversified - Office/RetailEuropeNon-listedVasakronanVasakronan
    DiversifiedAmericasListedVentas, Inc.Ventas, Inc.
    DiversifiedEuropeListedWihlborgs Fastigheter ABWihlborgs Fastigheter AB

Development Benchmark

  • SectorFund nameFund manager
    OfficeAustralian Prime Property Fund CommercialLendlease
    RetailCarmila SACarmila SA
    OfficeCastellum ABCastellum AB
    HotelCBRE UK Long Income FundCBRE Global Investors
    Diversified - Office/ResidentialFORE PartnershipFORE Partnership
    Diversified - Office/IndustrialFrasers Property Industrial Australia Pty LimitedFrasers Property Industrial Australia Pty Limited
    HealthcareHemsö Fastighets ABHemsö Fastighets AB
    Diversified - Office/RetailHines European Value Fund 2Hines
    DiversifiedISPT Core FundISPT Pty Ltd
    IndustrialLogistisAEW
    ResidentialRegent StreetThe Crown Estate
    RetailScentre GroupScentre Group
    Mixed useSwire Properties LimitedSwire Properties Limited
    IndustrialTritax Big Box REITTritax Management LLP
    ResidentialUBS (CH) Property Fund - Direct ResidentialUBS Asset Management
    ResidentialUBS (CH) Property Fund - Léman Residential «Foncipars»UBS Asset Management
    RetailUnisuperAMP Capital Investors Limited
  • SectorLegal statusFund nameFund manager
    DiversifiedListedAlexandria Real Estate Equities, Inc.Alexandria Real Estate Equities, Inc.
    OfficeNon-listedAustralian Prime Property Fund CommercialLendlease
    RetailListedCarmila SACarmila SA
    OfficeListedCastellum ABCastellum AB
    HotelNon-listedCBRE UK Long Income FundCBRE Global Investors
    Mixed useNon-listedCWTC Multi Family ICAVHines Real Estate Ireland Limited
    Diversified - Office/ResidentialNon-listedFORE PartnershipFORE Partnership
    Diversified - Office/IndustrialNon-listedFrasers Property Industrial Australia Pty LimitedFrasers Property Industrial Australia Pty Limited
    ResidentialListedGodrej PropertiesGodrej Properties
    HealthcareNon-listedHemsö Fastighets ABHemsö Fastighets AB
    Diversified - Office/RetailNon-listedHines European Value Fund 2Hines
    DiversifiedNon-listedISPT Core FundISPT Pty Ltd
    Diversified - Office/ResidentialListedJBG SMITHJBG SMITH
    Diversified - Office/ResidentialListedKilroy Realty CorporationKilroy Realty Corporation
    IndustrialNon-listedLogistisAEW
    ResidentialNon-listedRegent StreetThe Crown Estate
    RetailListedScentre GroupScentre Group
    Mixed useListedSwire Properties LimitedSwire Properties Limited
    DiversifiedListedTokyo Tatemono Co., Ltd.Tokyo Tatemono Co., Ltd.
    IndustrialListedTritax Big Box REITTritax Management LLP
    ResidentialNon-listedUBS (CH) Property Fund - Direct ResidentialUBS Asset Management
    ResidentialNon-listedUBS (CH) Property Fund - Léman Residential «Foncipars»UBS Asset Management
    RetailNon-listedUnisuperAMP Capital Investors Limited
  • SectorRegionFund nameFund manager
    DiversifiedAmericasAlexandria Real Estate Equities, Inc.Alexandria Real Estate Equities, Inc.
    OfficeOceaniaAustralian Prime Property Fund CommercialLendlease
    ResidentialAmericasAvalonBay Communities, Inc.AvalonBay Communities, Inc.
    RetailEuropeCarmila SACarmila SA
    OfficeEuropeCastellum ABCastellum AB
    Diversified - Office/IndustrialEuropeCBRE Europe Value Partners 2CBRE Global Investors
    HotelEuropeCBRE UK Long Income FundCBRE Global Investors
    Mixed useAmericasCIM Fund III, LPCIM Group
    IndustrialOceaniaCore Logistics Partnership (CLP)Charter Hall
    DiversifiedAmericasCREIFKingSett Capital
    Mixed useEuropeCWTC Multi Family ICAVHines Real Estate Ireland Limited
    OfficeAsiaDLF LimitedDLF Limited
    ResidentialAmericasEquity ResidentialEquity Residential
    IndustrialAsiaESR Kendall Square Development JV 1ESR Kendall Square, Inc.
    RetailAmericasFirst Capital REITFirst Capital REIT
    Diversified - Office/ResidentialEuropeFORE PartnershipFORE Partnership
    IndustrialOceaniaGoodman Australia Partnership (GAP)Goodman Group
    OfficeAmericasHudsonPacificProperties, INC. HudsonPacificProperties, INC.
    Diversified - Office/ResidentialAmericasJBG SMITHJBG SMITH
    Diversified - Office/ResidentialAmericasKilroy Realty CorporationKilroy Realty Corporation
    ResidentialOceaniaLendlease Retirement Living TrustLendlease
    IndustrialEuropeLogistisAEW
    ResidentialAmericasMEPT / BGO DiversifiedBentallGreenOak
    OfficeAsiaMitsubishi Estate Co., Ltd.Mitsubishi Estate Co., Ltd.
    IndustrialAmericasPrologis Brazil Logistics VenturePrologis
    ResidentialEuropeRegent StreetThe Crown Estate
    Mixed useAmericasRioCanRioCan Real Estate Investment Trust
    RetailOceaniaScentre GroupScentre Group
    Mixed useAmericasSOUTH STATION PHASE I OWNER LLCHines Interests Limited Partnership
    DiversifiedAmericasSun Life Assurance Company of CanadaBentallGreenOak
    Mixed useAsiaSwire Properties LimitedSwire Properties Limited
    DiversifiedEuropeTfL Property DevelopmentTfL
    OfficeAsiaThe Red Sea Development CompanyThe Red Sea Development Company
    DiversifiedAsiaTokyo Tatemono Co., Ltd.Tokyo Tatemono Co., Ltd.
    IndustrialEuropeTritax Big Box REITTritax Management LLP
    ResidentialEuropeUBS (CH) Property Fund - Direct ResidentialUBS Asset Management
    ResidentialEuropeUBS (CH) Property Fund - Léman Residential «Foncipars»UBS Asset Management
    RetailOceaniaUnisuperAMP Capital Investors Limited
    OfficeEuropeVasakronanVasakronan
    ResidentialAsiaWhite Peak Real Estate InvestmentWhite Peak Group
  • SectorRegionLegal StatusFund nameFund manager
    DiversifiedAmericasListedAlexandria Real Estate Equities, Inc.Alexandria Real Estate Equities, Inc.
    OfficeOceaniaNon-listedAustralian Prime Property Fund CommercialLendlease
    ResidentialAmericasListedAvalonBay Communities, Inc.AvalonBay Communities, Inc.
    ResidentialEuropeListedCapital & Counties Properties PLCCapital & Counties
    OfficeEuropeListedCastellum ABCastellum AB
    Diversified - Office/IndustrialEuropeNon-listedCBRE Europe Value Partners 2CBRE Global Investors
    HotelEuropeNon-listedCBRE UK Long Income FundCBRE Global Investors
    IndustrialOceaniaNon-listedCore Logistics Partnership (CLP)Charter Hall
    DiversifiedAmericasNon-listedCREIFKingSett Capital
    Mixed useEuropeNon-listedCWTC Multi Family ICAVHines Real Estate Ireland Limited
    OfficeAsiaNon-listedDLF Cybercity Developers LtdDLF Ltd
    IndustrialAmericasListedDuke Realty CorpDuke Realty Corp
    ResidentialAmericasListedEquity ResidentialEquity Residential
    IndustrialAsiaNon-listedESR Kendall Square Development JV 1ESR Kendall Square, Inc.
    Diversified - Office/ResidentialEuropeNon-listedFORE PartnershipFORE Partnership
    ResidentialAsiaListedGodrej PropertiesGodrej Properties
    IndustrialOceaniaNon-listedGoodman Australia Partnership (GAP)Goodman Group
    OfficeAmericasListedHudsonPacificProperties, INC. HudsonPacificProperties, INC.
    DiversifiedEuropeListedKungsleden ABKungsleden AB
    IndustrialEuropeNon-listedLogistisAEW
    ResidentialAmericasNon-listedMEPT / BGO DiversifiedBentallGreenOak
    OfficeAmericasNon-listedNBIM WalkerNBIM
    OfficeAmericasNon-listedNormandy Real Estate Fund IV, L.PNormandy Real Estate Partners
    Diversified - Office/ResidentialAmericasNon-listedOxford Properties (OMERS)Oxford Properties (OMERS)
    Mixed useAsiaNon-listedPhoenix Asia Real Estate Investments VIPhoenix Property Investors
    Diversified - Office/ResidentialAmericasNon-listedPrime Canadian Property FundBentallGreenOak
    IndustrialAmericasNon-listedPrologis Brazil Logistics VenturePrologis
    ResidentialEuropeListedRealstone Development FundRealstone SA
    ResidentialEuropeNon-listedRegent StreetThe Crown Estate
    DiversifiedAmericasNon-listedSun Life Assurance Company of CanadaBentallGreenOak
    OfficeAsiaNon-listedThe Red Sea Development CompanyThe Red Sea Development Company
    ResidentialEuropeListedThe UNITE Group PlcThe UNITE Group Plc
    DiversifiedAsiaListedTokyo Tatemono Co., Ltd.Tokyo Tatemono Co., Ltd.
    IndustrialEuropeListedTritax Big Box REITTritax Management LLP
    ResidentialEuropeNon-listedUBS (CH) Property Fund - Direct ResidentialUBS Asset Management
    DiversifiedEuropeNon-listedUBS (CH) Property Fund - Direct UrbanUBS Asset Management
    ResidentialEuropeNon-listedUBS (CH) Property Fund - Léman Residential «Foncipars»UBS Asset Management
    OfficeEuropeNon-listedVasakronanVasakronan
    ResidentialAsiaNon-listedWhite Peak Real Estate InvestmentWhite Peak Group

Americas

  • The total number of participants in the region.

    Americas response

  • The GRESB Models compare the aggregate performance in both benchmarks (Standing Investments and Development) across countries and regions.

  • The width of each slice in the windrose shows the scoring weight of each Aspect in the Assessment. The Aspects where the regional 2021 performance exceeds the 2020 line are the Aspects where the majority of the score improvement comes from. The indicators summary breaks down the weight of each Aspect into indicators and shows the exact weight of each aspect.

    Standing Investment

    Development

     

     

  • The graph below shows the data coverage reported by participants in the 2021 Assessment, broken down per performance indicator and property sector. Overall trend across regions (with some exceptions) shows that efforts into improving data coverage are noticeable and Covid did not impact data collection efforts.

  • The intensity graphs are based on a subset of the GRESB Universe, consisting only of assets with 100% data coverage. Overall, the like-for-like reductions are also supported by a decrease in energy and water intensities, with significant variation across sectors and regions.

    Water

    Energy

  • The below shows the region’s overall improvements in energy and water consumption, greenhouse gas emissions and waste diverted since last year.

    Americas like for like

Asia

  • The total number of participants in the region.

    Asia response rate

  • The GRESB Models compare the aggregate performance in both benchmarks (Standing Investments and Development) across countries and regions.

  • The graph below shows the data coverage reported by participants in the 2021 Assessment, broken down per performance indicator and property sector. Overall trend across regions (with some exceptions) shows that efforts into improving data coverage are noticeable and Covid did not impact data collection efforts.

  • The intensity graphs are based on a subset of the GRESB Universe, consisting only of assets with 100% data coverage. Overall, the like-for-like reductions are also supported by a decrease in energy and water intensities, with significant variation across sectors and regions.

    Energy

    Water

  • The below shows the region’s overall improvements in energy and water consumption, greenhouse gas emissions and waste diverted since last year.

Europe

  • The total number of participants in the region.

  • The GRESB Models compare the aggregate performance in both benchmarks (Standing Investments and Development) across countries and regions.

     

  • The width of each slice in the windrose shows the scoring weight of each Aspect in the Assessment. The Aspects where the regional 2021 performance exceeds the 2020 line are the Aspects where the majority of the score improvement comes from. The indicators summary breaks down the weight of each Aspect into indicators and shows the exact weight of each aspect.

    Development

    Standing Investment

  • The graph below shows the data coverage reported by participants in the 2021 Assessment, broken down per performance indicator and property sector. Overall trend across regions (with some exceptions) shows that efforts into improving data coverage are noticeable and Covid did not impact data collection efforts.

  • The intensity graphs are based on a subset of the GRESB Universe, consisting only of assets with 100% data coverage. Overall, the like-for-like reductions are also supported by a decrease in energy and water intensities, with significant variation across sectors and regions.

    Energy

    Water

  • The below shows the region’s overall improvements in energy and water consumption, greenhouse gas emissions and waste diverted since last year.

Oceania

  • The total number of participants in the region. In Oceania, participation has now crossed the 100-entities mark.

  • The GRESB Models compare the aggregate performance in both benchmarks (Standing Investments and Development) across countries and regions. With a highest regional average of 79, close to 40% of entities in Oceania are have a 5-star GRESB Rating.

  • The width of each slice in the windrose shows the scoring weight of each Aspect in the Assessment. The Aspects where the regional 2021 performance exceeds the 2020 line are the Aspects where the majority of the score improvement comes from. The indicators summary breaks down the weight of each Aspect into indicators and shows the exact weight of each aspect.

    Development

    Standing Investment

  • The graph below shows the data coverage reported by participants in the 2021 Assessment, broken down per performance indicator and property sector. Overall trend across regions (with some exceptions) shows that efforts into improving data coverage are noticeable and Covid did not impact data collection efforts.

     

  • The intensity graphs are based on a subset of the GRESB Universe, consisting only of assets with 100% data coverage. Overall, the like-for-like reductions are also supported by a decrease in energy and water intensities, with significant variation across sectors and regions.

    Energy

    Water

  • The below shows the region’s overall improvements in energy and water consumption, greenhouse gas emissions and waste diverted since last year.