CTP Invest & BRE Enter into Groundbreaking Portfolio Certification Partnership
In an industry first, CTP Invest and BRE will collaborate to implement BREEAM In-Use International across the entire CTP Invest portfolio of industrial buildings, throughout 2019 and 2020, in a landmark strategic alliance.
This key partnership will be the first of its kind for logistics assets, and is a demonstration of CTP’s commitment to sustainability and green leadership. CTP are setting a very high standard for other developers in the field due to the sheer size of the project, covering around 300 buildings in six countries. This project also demonstrates BRE’s leadership in terms of innovation, bringing its certification schemes to an ever-growing range of new and emerging asset classes.
In the landmark agreement, BRE and CTP Invest, as the client, will issue a joint Request for Proposals (RFP) in a tender to the BREEAM Assessor network. This approach allows the huge volume of assessments to be managed more quickly and efficiently via a panel of Assessors, all operating with high levels of experience and at scale. The tender process will be open to all BREEAM Assessors, ensuring the ultimate level of fairness and transparency to the market.
In driving through this independent, robust and third-party certification, CTP Invest’s approach to environmental principles is clear, sending a message to the real estate market that there is no time to waste in the improvement needed to the performance of a large proportion of existing buildings.
The BREEAM In-Use scheme provides a science-based sustainability certification that allows CTP to measure, manage, track and enhance the operation of all of their asset portfolio. The BREEAM In-Use digital platform will quickly allow comparison of the performance of assets across territories so that asset managers can learn from each other to make improvements.
Stefan de Goeij, Head of Property Management, who is driving the initiative at CTP Invest said, “Because we are long-term owners and managers of the buildings we construct, we use the BREEAM In-Use scheme because we need to continually monitor the long-term performance of a building—not only the construction phase, but also the operational phase after construction. It also requires a long-term investment horizon, as we will need to recertify a building every three years.”
James Fisher, Head of Real Assets for BREEAM at BRE, who is a keen advocate of the new RFP process, said, “We have been discussing the idea of a new RFP approach for large portfolio BREEAM projects for some time now and are very proud that CTP Invest will join us on this full implementation. The aim is to keep driving innovation in the delivery of BREEAM as the value case becomes more and more clear. We need mass action in the commercial real estate market that not only focuses on the super high-performing assets but also in the more mainstream buildings. It is testament to CTP’s commitment to build a better world, that we are now able to drive forward on this project with them.”