The programme goals to make an impression on a broad vary of Environmental, Social and Governmental (ESG) themes. The ambition is to realize alignment with the environmental goals of the EU Taxonomy for all funding properties, whereas additionally specializing in offering mid-priced rental for households who don’t qualify for social housing.
PIPV targets a discount of 80% of landlord-controlled greenhouse fuel emissions, procuring 100% renewable electrical energy by 2030 and net-zero operational emissions by 2035. Property should obtain a excessive customary of power efficiency, being a minimum of 10% extra environment friendly than the Practically Zero Power Buildings necessities as outlined by the Dutch ‘Bijna Energieneutrale Gebouwen’ (BENG).
Jelle van der Giessen, Chief Funding Officer of NN Group commented: “Contributing to the well-being of individuals and planet is a key factor of our technique. NN has set clear targets in direction of net-zero emissions, and we now have pledged to greater than double our investments in renewable infrastructure investments, inexperienced bonds and power environment friendly actual property within the coming years. The PIPV mission is clearly contributing to that focus on.”
Bas Tiemstra, Head of Separate Accounts CE, who collectively oversees the NN Group actual property portfolio with Sander van Riel, Head of CE Investments, Oblique Actual Property Methods, CBRE Funding Administration, commented: “Our work with NN by the PIPV will concentrate on belongings that qualify as being extremely power environment friendly but additionally have lease affordability, tenant inclusion and wellbeing concerns at their coronary heart. The programme has made its first acquisition with the ahead funding settlement to accumulate a residential asset situated in a well-liked location in Eindhoven, the Netherlands. It’s a stable first acquisition for the PIPV in delivering for traders and demonstrating this agenda.”
Promotion of circularity, water conservation, biodiversity safety and air pollution prevention will all be non-negotiable parts included within the asset choice and building design of the focused PIPV properties. Going ahead, the programme goals to incorporate life cycle evaluation of supplies employed within the building part as a part of the event design with the ambition to maneuver towards revolutionary and conventional biomaterials for limiting embodied carbon and additional scale back waste and air pollution.
Concurrently, the programme will add to the availability of reasonably priced rental properties in excessive demand areas. A constructive impression on communities and the well-being of tenants additionally performs a crucial position within the goals of the enterprise, with tenant satisfaction often assessed all through their tenure. With the programme’s purpose to cut back power consumption, tenants may even profit from decrease power prices.
About CBRE Funding Administration
CBRE Funding Administration is a number one world actual belongings funding administration agency with $141.9 billion in belongings underneath administration* as of December 31, 2021, working in additional than 30 workplaces and 20 international locations around the globe. By its investor-operator tradition, the agency seeks to ship sustainable funding options throughout actual belongings classes, geographies, threat profiles and execution codecs in order that its purchasers, folks and communities thrive.
CBRE Funding Administration is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest industrial actual property providers and funding agency (primarily based on 2021 income). CBRE has greater than 105,000 workers (excluding Turner & Townsend workers) serving purchasers in additional than 100 international locations. CBRE Funding Administration harnesses CBRE’s information and market insights, funding sourcing and different sources for the good thing about its purchasers. For extra data, please go to www.cbreim.com.
*Property underneath administration (AUM) refers back to the honest market worth of actual assets-related investments with respect to which CBRE Funding Administration supplies, on a worldwide foundation, oversight, funding administration providers and different recommendation and which typically encompass investments in actual belongings; fairness in funds and joint ventures; securities portfolios; working firms and actual assets-related loans. This AUM is meant principally to mirror the extent of CBRE Funding Administration’s presence within the world actual belongings market, and its calculation of AUM could differ from the calculations of different asset managers and from its calculation of regulatory belongings underneath administration for functions of sure regulatory filings.
NN Group profile
NN Group is a world monetary providers firm, lively in 19 international locations, with a robust presence in numerous European international locations and Japan. With all its workers, the Group supplies retirement providers, pensions, insurance coverage, investments and banking to roughly 18 million prospects. NN Group consists of Nationale-Nederlanden, NN, NN Funding Companions, ABN AMRO Insurance coverage, Movir, AZL, BeFrank and OHRA. NN Group is listed on Euronext Amsterdam (NN).
Necessary authorized data
Sure of the statements contained herein aren’t historic details, together with, with out limitation, sure statements fabricated from future expectations and different forward-looking statements which can be primarily based on administration’s present views and assumptions and contain recognized and unknown dangers and uncertainties that might trigger precise outcomes, efficiency or occasions to vary materially from these expressed or implied in such statements. Precise outcomes, efficiency or occasions could differ materially from these in such statements attributable to, with out limitation: (1) modifications typically financial situations, particularly financial situations in NN Group’s core markets, (2) the results of the Covid-19 pandemic and associated response measures, together with lockdowns and journey restrictions, on financial situations in international locations by which NN Group operates, on NN Group’s enterprise and operations and on NN Group’s workers, prospects and counterparties (3) modifications in efficiency of economic markets, together with growing markets, (4) penalties of a possible (partial) break-up of the euro or European Union international locations leaving the European Union, (5) modifications within the availability of, and prices related to, sources of liquidity in addition to situations within the credit score markets typically, (6) the frequency and severity of insured loss occasions, (7) modifications affecting mortality and morbidity ranges and traits, (8) modifications affecting persistency ranges, (9) modifications affecting rate of interest ranges, (10) modifications affecting forex trade charges, (11) modifications in investor, buyer and policyholder behaviour, (12) modifications typically aggressive components, (13) modifications in legal guidelines and laws and the interpretation and utility thereof, (14) modifications within the insurance policies and actions of governments and/or regulatory authorities, (15) conclusions with regard to accounting assumptions and methodologies, (16) modifications in possession that might have an effect on the long run availability to NN Group of web working loss, web capital and built-in loss carry forwards, (17) modifications in credit score and monetary energy scores, (18) NN Group’s capacity to realize projected operational synergies, (19) catastrophes and terrorist-related occasions, (20) opposed developments in authorized and different proceedings and (21) the opposite dangers and uncertainties contained in latest public disclosures made by NN Group.
Any forward-looking statements made by or on behalf of NN Group communicate solely as of the date they’re made, and, NN Group assumes no obligation to publicly replace or revise any forward-looking statements, whether or not because of new data or for another motive.
This doc doesn’t represent a proposal to promote, or a solicitation of a proposal to purchase, any securities.