The Cromwell Polish Retail Fund won a BREEAM-GRESB Award for Corporate Investment in Responsible Real Estate. This new award is for the real estate investment company or manager that has made the strongest commitment to the use of building certifications in managing their portfolio.
The Cromwell Polish Retail Fund won a BREEAM-GRESB Award for Corporate Investment in Responsible Real Estate. This new award is for the real estate investment company or manager that has made the strongest commitment to the use of building certifications in managing their portfolio. The judging criteria for this award is based on the proportion of total existing portfolio formally assessed and certified through generally accepted building certifications and the level of commitment to drive the achievement of higher levels through corporate policies. The award is based on our 2016 GRESB submission and the fact that a larger number of the Fund’s assets have been certified through BREEAM, shows a strong commitment to sustainability practices.
Cromwell’s Head of Sustainability Phil Cowling commented; “By following GRESB environmental approach and BREEAM commitment to sustainable development, Cromwell is setting new market standards and is establishing ourselves as a leader in Sustainability across Central Europe. This award is the result of hands on asset management and a true team effort of our asset management team in Poland. In addition, our recent renovation of the Rondo Shopping Centre in Poland was given a BREEAM Very Good rating, which would not have been made possible without the help of European Sustainability team.”
The award was handed out on the 1st day of Eco-build week in London during the BREEAM awards ceremony. The award was received on behalf of Cromwell by Kaj Bakker, Sustainability Manager, Europe, Cromwell Property Group (second from left).
BREEAM is the internationally recognised measure of sustainability for buildings and communities. More than 530,000 certificates have been issued under BREEAM on more than 24,000 projects around the world, and over 2.2 million buildings and communities are registered for certification. BREEAM is used in more than 70 countries. More information at www.breeam.com
GRESB is an investor-driven organisation that is transforming the way we assess the environmental, social and governance (ESG) performance of real assets globally, including real estate portfolios and infrastructure assets.
More info on the event - http://brebuzz.net/2017/03/08/breeam-awards-2017-winners-announced/