PERP achieved four green stars for recording a score of 80 points in the 2021 Global Real Estate Sustainability Benchmark (“GRESB”) real estate assessment, which placed it second in its GRESB peer group of the core European retail warehouse sector. The result was above the GRESB benchmark-wide average score of 73 points and is an improvement from a three star rating and 72 points in 2020. The maximum 100 per cent was achieved in the aspects of “ESG policies”, “targets” and “data monitoring and review”.

PERP’s environmental impact in the 2021 GRESB survey included a 13 per cent reduction in energy consumption, a 28 per cent saving in water usage and a 12 per cent reduction in greenhouse gas emissions.

This recognition demonstrates our continuing commitment to ESG transparency and represents a major improvement from the PERP’s first GRESB Real Estate Assessment, which recorded 40 points post acquisition.

Pradera is striving to improve further PERP’s GRESB real estate assessment rating with proactive ESG initiatives both on a corporate and asset level.

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.