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PRADERA’S PCEF AWARDED GREEN STAR FOR SUSTAINABILITY

Pradera, the specialist retail real estate fund and asset manager, is continuing its drive to be an exemplar for sustainability in retail, having improved its Global Real Estate Sustainability Benchmark (GRESB) results for 2014 by 12 percent, the company revealed today.

Three funds were analysed as part of the survey which sets the industry standard on sustainability in real estate portfolios across the world.

Pradera Central & Eastern Fund (PCEF) delivered the strongest results, with a 24 per cent increase on the previous year, while Pradera European Retail Fund 2 (PERF2) and Pradera European Retail Fund (PERF) strengthened their results by 7 per cent and 5 per cent, respectively.

In the latest assessment, Pradera Central & Eastern Fund (PCEF) was awarded a Green Star, which is accredited to those who have implemented environmental management systems and integrated data management systems into the daily running of their centres.

Osowa Shopping Centre in Gdansk, Poland performed particularly well within the Pradera Central & Eastern Fund, reducing energy and water consumption by 16 and 13 per cent respectively for the year. On the whole, PCEF assets have achieved energy savings of 18 per cent with cutbacks in water of 12 per cent since 2010.

In the overall rankings, Pradera’s funds have outperformed their peers on building certification coverage and performance indicators reporting, while delivering savings in energy and water consumption. In the last year, the company has rolled out Energy Performance Certificates and BREEAM In-Use at assets based in the Czech Republic and Spain.

Alison Rehill-Erguven, Managing Director and Head of Sustainability, Pradera said: “Commitment to sustainability is highly valued at Pradera and these fantastic results reflect the hard work of our local asset and property management teams. Our achievements across all our investment portfolios were in particular impressive on a building certification front, which now covers over 70 per cent of all assets.

“In addition, energy and water consumption decreased by 5 per cent and 4 per cent respectively for 2014 when compared to the same period last year and resulted from a number of conservation programmes we have initiated and successfully implemented across the board.”

Pradera has participated in the annual GRESB survey since 2011 and on an overall historic basis it has improved its results by 32 per cent demonstrating its environmental responsibility and active involvement in sustainability issues. This year over 700 real estate firms participated in the survey. The analysis process covered approximately 61,000 properties with a total value of around USD2, 300 billion. 

Pradera News

Pradera appoints Civil Engineer to the role of Technical Asset Manager

Barbara Armanelli joins Pradera Italy

Read whole story

Pradera agrees lease renewal with French retailer for a further 12 years

Truffaut extends lease at Les Armoiries Shopping Centre, Bry-sur-Marne, for 12 years.

Read whole story

A new fashion retailer for Istanbul Cevahir

ltınyıldız Classics starts trading at Istanbul Cevahir

Read whole story

Domoteka releases additional dates for “Domodesign” due to popular demand

Interior design-focussed webinars and workshops are back at Domoteka

Read whole story

Homepark Janki welcomes four new tenants in February 2021

Bike Moto, DEKO Meble, Bafra Kebab and Ramen Duck open at Homepark Janki

Read whole story

A bathroom specialist for Homepark Franowo, Poznań, Poland

Jeta starts trading at Homepark Franowo

Read whole story

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Background Photo:
Ragusa: Ibleo Shopping Centre