Responsible Property Investment

Sustainability issues are already influencing real estate market fundamentals including client demand, void lengths, obsolescence, rate of depreciation, operational costs and liquidity. Our Responsible Property Investment strategy addresses a wide range of environmental, social and governance issues. This helps us anticipate and respond to changes in the investment market, occupier demand, legislative and fiscal regimes, client expectations, energy supply, cost and resource availability – identifying opportunities to mitigate risk, protect and create long term value.

 

Abigail Dean

"Our Responsible Property Investment strategy addresses a range of environmental and social issues, risks and opportunities. As occupier demand, investors’ requirements, legislation, global climate and resource challenges evolve, so our approach to sustainability continues to develop."
Abigail Dean, Head of Sustainability

 

We believe it is our fiduciary duty to identify and manage those environmental and social risks that are expected to impact on investment performance, creating resilient property portfolios and protecting returns over the long run. Through the careful evaluation of prospective acquisitions and active asset management, we aim to minimise the risk of accelerated obsolescence and depreciation.

Improving the sustainability performance of our held assets improves their attractiveness, keeping the service charge lower and reducing occupiers’ operational costs. Given energy prices are forecast to rise significantly over the coming years and with the emerging evidence of the impact of sustainability on productivity and wellbeing, the sustainability performance of a property is already becoming increasingly important to occupiers.

We integrate RPI considerations into our decision-making at every step from the first review of an asset for acquisition through our Investment Committee process. We ensure that our fund and asset management team are kept abreast of developments in this fast-changing field and place increasingly stringent requirements on our agents, project managers and contractors to achieve higher standards and provide greater transparency on our portfolio performance.

 

 

Download our Tomorrow’s World: Sustainable Investment Policy 

 

 

We are committed to performance measurement and transparency. We monitor key performance indicators in line with the Global Reporting Initiative Construction and Real Estate Sector Supplement (GRI CRESS) and INREV Sustainability Reporting Guidelines. We set annual targets and benchmark our performance against the wider industry using the Better Buildings Partnership’s Real Estate Environmental Benchmark, IPD’s EcoPAS and Global Real Estate Sustainability Benchmark (GRESB).

2016 sustainability report 

Download a review of our 2016 sustainability achievements 
           

Download 2015 report

Download 2014 report

TH Real Estate aims to demonstrate leadership and contribute to the transition to a more sustainable built environment through collaboration and engagement with industry organisations as well as our occupiers and suppliers. We have memberships and affiliations with the following organisations: 

AREF

 

 

 

BBP

 

 

 

BCSC

 

 

 

ICSC

 

 

 

GRESB

 

 

 

UNPRI

 

 

 
 

ULI

 

 

 
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L'Aljub Shopping Centre, Spain

We have introduced the ‘BREEAM In Use’ scheme at L’Aljub Shopping Centre in Spain. The scheme aims to reduce running costs and improve the environmental performance of buildings; it includes a two-year investment and implementation programme covering sustainable procurement, tenant engagement, water and energy reduction measures, recycling, environmental risk assessment, biodiversity, lighting and improved performance monitoring. We aim to be one of the first shopping centres in Spain to achieve certification.

Castel Romano

Soaking up the sun

Following the successful installation of PV panels on two industrial assets in 2013, we installed solar panels on our Whitefriars Shopping Centre in Canterbury. Helping to future-proof the centre against energy price rises and supply shortages, we are now generating almost 100,000 kWh electricity each year, saving 54 tonnes of CO2, reducing the energy costs in the service charge and generating a stable income stream. We have also recently installed solar PV and solar thermal panels at our McArthurGlen Castel Romano Designer Outlet in Italy (pictured).

The Steward Building

The Steward Building, London, UK

On behalf of our Central London Office Fund, we recently completed development of The Steward Building, a c.75,000 sq ft (c.7,000 sq m) mixed-use scheme, located close to the edge of Spitalfields Market in London. In line with our commitment to deliver high quality and sustainable buildings fit for Tomorrow’s World, the scheme has been designed to achieve BREEAM Excellent. The top three floors have been let to an office tenant, and the retail units have been let to Anthropologie, COS and Hotel Chocolat. Both office and retail rents set a new benchmark record for the City.

Leadenhall Triangle, City of London

40 Leadenhall Street, City of London

Planning permission was achieved in 2014 for a 900,000 sq ft (c.84,500 sq m) NIA high quality building at 40 Leadenhall Street, London, UK. The development varies between 7 and 34 storeys, with its highest point 154m above ground level.  

Sustainability is high on the design agenda: The building will reduce carbon emissions by over 40% compared to current regulations, and will achieve Excellent BREEAM standard with measures to reduce solar gain, parking for 1,067 cycles and almost 100 showers. 

The scheme is capable of being brought forward this year with completion anticipated by autumn 2019.

Note: Past performance is not a guide to future performance.

Abigail Dean

Abigail Dean

Head of Sustainability

With 10 years of experience, Abigail joined the business in 2016 to lead on sustainability, and help TH Real Estate deliver on its mission to invest in Tomorrow’s World. Abigail oversees the Sustainability Strategy, which positions us as a global leader on Environmental, Social and Governance issues, and ensures the business is well placed to pursue growth opportunities, whilst minimising the risk of accelerated depreciation and early obsolescence within TH Real Estate’s portfolio of assets.

+442037278448 More about Abigail
Meghan Johnson

Meghan Johnson

Associate, Sustainability

With eight years' experience working in finance and social impact, Meghan is responsible for sustainability initiatives in the US.

+12129166095 More about Meghan
Richard Hamilton-Grey

Richard Hamilton-Grey

Sustainability Manager

Richard is responsible for managing the operational delivery of the business’ Tomorrow’s World sustainability programme, across the European and Asia-Pacific region.

+442037278408 More about Richard