LaSalle-managed Asia funds receive top ratings in 2018 Global Real Estate Sustainability Benchmark (GRESB)
HONG KONG AND SINGAPORE (September 20, 2018) — LaSalle Investment Management (“LaSalle”) is pleased to announce that four (4) of its funds in Asia submitted for benchmarking this year have all earned Green Stars and achieved high GRESB ratings in the 2018 Global Real Estate Sustainability Benchmark (GRESB), an industry-recognized global environmental, social and governance (ESG) measure for real asset investments.
The following LaSalle funds in Asia were recognized for their efforts in environmental impact reduction, social practice improvement and corporate governance standard:
- LaSalle Japan Logistics Fund III ranked first in its Industrial-Developer peer set, scoring 14% higher than the average in its peer set to maintain its 4-star rating
- LaSalle Logiport REIT and LaSalle Asia Opportunity Fund IV both demonstrated significant improvements to achieve 4-stars this year, up one star each from their 2017 ratings
- First-time GRESB participant LaSalle Asia Opportunity Fund V placed 4th in the Diversified—Asia—Non-listed peer group, earning 3-stars with a GRESB score 22% above the average in its peer set
The GRESB rating is calculated on a 1- to 5-star scale based on a fund’s total score and its quintile position relative to the performance of all global reporting entities annually. In order to achieve a Green Star, a GRESB Assessment participant must meet score thresholds in both Management & Policy as well as Implementation & Measurement dimensions.
The funds were among 15 funds across Asia, Europe and the U.S. LaSalle submitted for assessment this year, of which every one earned the Green Star designation to bring the firm’s 2018 tally to eight (8) four-star and seven (7) three-star GRESB ratings globally.
Further information on LaSalle’s global achievements at the 2018 GRESB assessment HERE.
Tom Miller, Chief Sustainability Officer and Head of Development for LaSalle in Asia Pacific commented: “As a fiduciary to our investors, long-term value creation and protection is fundamental to our business. In a diverse region with multiple countries with differing market and regulatory forces, our focus in Asia has been to tailor ESG best practices to each asset, prioritizing continual improvement of sustainability factors into our processes and the asset life cycle for enhanced investment performance. Our accomplishment with GRESB this year has been tremendously encouraging, and we remain committed to implementing sustainable best practices while continuing to deliver superior investment performance for our clients.”
About LaSalle Investment Management
LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, we manage approximately $71 billion of assets in private equity, debt and public real estate investments as of Q4 2020. The firm sponsors a complete range of investment vehicles including open- and closed-end funds, separate accounts and indirect investments. Our diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. For more information please visit www.lasalle.com and LinkedIn.
NOTE: This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.