ESG: PERP secures Green Star status in the GRESB real estate assessment 2020
Pradera European Retail Parks SCSp ("PERP") is a specialist property fund focused exclusively on the retail property sector in France, Germany and CEE. The fund was launched in April 2017 and has a portfolio of 18 retail parks and shopping centres.
PERP achieved ‘Green Star’ status and was awarded three green stars for recording a score of 72 in the Global Real Estate Sustainability Benchmark (“GRESB”) 2020 real estate assessment. The result was above the GRESB benchmark-wide average score of 70 and is a significant improvement on PERP’s first GRESB assessment three years ago post acquisition of the assets, when it received a score of 40.
PERP’s achievements in 2020 included a 16 per cent reduction in energy consumption, a 17 per cent saving in water usage and a 16 per cent reduction in greenhouse gas emissions.
Pradera is striving to improve further PERP’s GRESB real estate assessment rating with several initiatives underway.