Invesco Real estate, working alongside building standard authority BRE Global, has achieved BREEAM In-Use certification across its portfolio of 37 discretionary-managed European assets.
Invesco undertook the certification process with support from energy and sustainably consultancy, Longevity Partners, who coordinated the assessment of the assets across eight countries.
'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,' Dupuy added.
The BREEAM In-Use standard seeks to provide building owners, facility managers, investment managers and occupiers with a means of evaluating the impact and performance of their buildings, as well as identifying areas for improvement.
According to BRE Global, 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.
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.'
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.