Invesco achieves BREEAM In-Use across its portfolio

Invesco Real Estate achieves BREEAM In-Use certification on its c.€5BN discretionary-managed European portfolio

  • Invesco Real Estate recognised for environmental impact of its portfolio of 37 discretionary-managed European assets
  • Supported by specialist energy and sustainably consultancy, Longevity Partners
  • BREEAM standard specifically designed to effectively evaluate buildings already in use

Invesco Real Estate (Invesco), the global real estate investment manager, announced today that its discretionary-managed European portfolio including both commercial and hotel properties has received BREEAM In-Use certification, in recognition of the environmental, social and economic sustainability performance of these assets.

Invesco undertook the certification process with support from energy and sustainably consultancy, Longevity Partners, who were able to coordinate the assessment of 37 assets across eight countries, totalling c. €5bn, in just over three months.

“Our discretionary European portfolio is a diverse collection of buildings with very different individual characteristics in terms of geography, structure, occupancy and utility, and we’ve really benefitted from the expertise of the Longevity team throughout this complex project,” said Etienne Dupuy, Managing Director of Asset Management at Invesco Real Estate.

“We like the BREEAM certification because it combines rigour and flexibility to provide a quality environmental impact standard that is both credible and meaningful, but can also be applied consistently and effectively across all our assets.”

The BREEAM In-Use standard seeks to provide building owners, facility managers, investment managers and occupiers with a consistent and credible means of evaluating the impact and performance of their buildings, and identifying areas for improvement.

It is specifically designed for buildings that are already in use, so considers not only the physical fabric of the structure but also its services, and the building and operational management practices. The assessment methodology can also be used in an international context and tailored to account for different climate zones.

The in-house asset managers at Invesco Real Estate, together with their property managers across Europe have done a tremendous job at getting all the information readily available to our international certification teams, which ensured the first certification ran smoothly”, said Etienne Cadestin, founder and CEO of Longevity. We’re delighted Invesco Real Estate is embarking on this journey with us. The delivery of this certification project further reinforces our position as the leading pan-European sustainability experts to support the transition to a greener, cleaner and more inclusive society”.

James Fisher, Head of Real Assets at BRE Global said: “We are very pleased to be working so closely with Invesco Real Estate on a pan-European basis on this major progress in certification practice for large real asset portfolios. So many existing buildings need our help, so having schemes that can operate at volume is key for BRE as we seek to support the large numbers needed to make vital improvements to support our collective climate obligations. Invesco Real Estate truly understand the responsibility they have in guiding other investment funds to be more responsible and as such I look forward to a long-standing partnership across all fund types going forward”.

Longevity Partners was launched in 2015, with the goal of supporting businesses in transitioning to a low carbon economy. It provides energy and sustainability advice to developers, owners, investors and occupiers across all sectors of the commercial property industry.

Julian Rea
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