Pradera improved its Global Real Estate Sustainability Benchmark results for 2017 across its funds

London, UK, 2017-Dec-01 — /EPR Retail News/ — Pradera, the specialist international retail real estate fund and asset manager, has again demonstrated it is setting the standard for sustainable retail real estate, having significantly improved its Global Real Estate Sustainability Benchmark (GRESB) results for 2017 across three of its funds.

The Pradera funds were analysed as part of the GRESB survey which sets the industry standard for sustainability in real estate portfolios across the world.

In the latest survey, all three Pradera funds were awarded ‘The Green Star’. This is GRESB’s highest award reserved for entities achieving especially high scores for sustainability implementation, measurement, management and policy. Pradera Central & Eastern Fund (PCEF) received The Green Star for the third year in a row largely due to the fact it is fully certified in terms of energy performance and BREEAM In-Use certificates, while Pradera European Retail Fund (PERF) and Pradera European Retail Fund 2 (PERF2) won the accolade for the first time.

PERF delivered the strongest GRESB results, with a 30 per cent increase on the previous year, while PERF2 and PCEF strengthened their environmental achievements by 29 per cent and 20 per cent, respectively.  PERF and PERF2 were recognised for their outperformance in tenant engagement programmes involving sustainability. Tenant survey results covering operational and asset management aspects from Pradera’s Parc Valles Centre on the outskirts of Barcelona also contributed to PERF winning The Green Star for the first time.

Alison Rehill-Erguven, Head of Sustainability at Pradera, said: “We are wholly committed to sustainability at Pradera and these excellent results reflect the hard work of our on the ground asset management teams. As evidenced by the awards, we have made significant progress on the Environmental Management System as well as further implemented LED lighting and water conservation programmes and recycling initiatives.

“In addition, Pradera rolled-out sustainability workshops for property managers and our local asset management teams have further strengthened links within our communities by building awareness of healthy lifestyle.  As part of our long-term strategy, we have created more bicycle stations at our assets to promote environmentally friendly transport options and helped to reduce greenhouse gas emissions and air-pollution.”

Pradera has participated in the annual GRESB survey since 2011 and on an overall historic basis it has improved its results for all funds combined by 192 per cent since 2012 demonstrating its environmental responsibility and active involvement in sustainability issues. This year over 850 entities participated in the survey. The analysis process covered approximately 77,000 real estate assets across 62 countries on six continents.

It is a busy time for fast growing Pradera, following a significant minority investment in the business by multi-family office LJ Partnership in April 2016. That deal signalled Pradera’s plans to expand and take its trusted platform into untapped segments of the retail property market and new geographies.

Pradera has since launched the Pradera European Retail Parks fund and established Pradera Retail Asia, a joint venture with Macquarie Retail Real Estate Management Limited (MIRA). It manages four retail properties in China in Shanghai, Chongqing, Qingdao, Xi’an and Shanghai, with a total gross leasable area (GLA) of 200,000 sqm. This increasingly global perspective sees Pradera sharing best practice to further improve performance and returns in a €3.3 billion portfolio that now includes 58 shopping centres and retail parks worldwide.


James Carnegie, Good Relations Property
+44 20 7861 2573


Klépierre and Steen & Strom again awarded the “Green Star” rating by the Global Real Estate Sustainability Benchmark

Paris, 2016-Sep-12 — /EPR Retail News/ — The sustainable development performances of Klépierre and Steen & Strom have once again attracted recognition from the three main sector indexes and rankings: the Global Real Estate Sustainability Benchmark (GRESB) 1 , RobecoSAM2 and EPRA3 .

Klépierre and Steen & Strom have once again been awarded the “Green Star” rating by the Global Real Estate Sustainability Benchmark (GRESB) and are ranked in the Top 10 out of 730 participants globally.

With a 91/100 score, Klépierre now ranks second among listed companies in the retail sector worldwide (out of 36 participants) and moves up four places for all industries to rank 10th globally. Among unlisted companies, Steen & Strom – Klépierre’s 56.1%-owned subsidiary – is now the world’s topranked company with a 92/100 score. Steen & Strom moved up 19 notches in the all-industries ranking to sixth place worldwide.

Klépierre also improved in RobeccoSAM’s DJSI indexes. With a score of 83/100, Klépierre is once again included in the World and Europe indexes.

Klépierre was notably considered by RobecoSAM to be the most efficient company in the world (out of 170 real estate companies), based on its environmental initiatives.

Lastly, Klépierre received an EPRA Sustainability “Gold Award” for the fifth year in a row. This award recognizes the company’s best-practices methodology and disclosure in terms of extra-financial reporting for the listed real estate sector.

Jean-Marc Jestin, Chief Operating Officer and Member of the Executive Board of Klépierre, declared: “These latest ratings recognize the efficiency of Klépierre’s Good Choices® strategy, initiated in 2013 and based on seeking continuous improvement in operational excellence in the management of our 22.6 billion euros shopping center portfolio spanning 16 European countries. These awards also attest to the effectiveness of the tangible measures implemented by Klépierre in recent years, as well as to the strong involvement of the top management team and all employees on a daily basis.”

A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. The company’s portfolio is valued at 22.6 billion euros at June 30, 2016 and comprises large shopping centers in 16 countries in Continental Europe. Klépierre holds a controlling (56.1%) stake in Steen & Strøm, Scandinavia’s number one shopping center owner and manager. Klépierre’s largest shareholders are Simon Property Group (20.3%), world leader in the shopping center industry, and APG (13.1%), a Netherlands-based pension fund firm. Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and Euronext Amsterdam. Klépierre is included in the CAC 40, EPRA Euro Zone and GPR 250 indexes. It is also included in ethical indexes, such as DJSI World and Europe, Euronext Vigeo France 20 and World 120, and Euronext Low Carbon 100 Europe, and is ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions underscore Klépierre’s commitment to a proactive sustainable development policy. For more information:

AGENDA: October 26, 2016 third quarter 2016 revenues (press release after market close)

+ 33 (0)1 40 67 52 24

Julien ROUCH
+33 (0)1 40 67 53 08

Burson-Marsteller i&e
+33 (0)1 56 03 13 01

Camille PETIT
Burson-Marsteller i&e
+33 (0)1 56 03 12 98

This press release is available on Klépierre’s website:

Source: Klépierre

Kimco’s sustainability initiatives recognized by Global Real Estate Sustainability Benchmark and Dow Jones Sustainability North America Index

NEW HYDE PARK, N.Y., 2016-Sep-09 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) is pleased to announce that it has achieved the “Green Star” designation from the Global Real Estate Sustainability Benchmark (GRESB) for the third consecutive year. In addition, the company was named for the second consecutive year to the Dow Jones Sustainability North America Index (DJSI), and remains the only retail owner recognized on the Index. These distinctions highlight the company’s commitment to sustainability and corporate citizenship, and its desire to lead by example in the areas of environmental, social and governance performance.

The “Green Star” is GRESB’s highest designation, and Kimco’s 2016 GRESB survey score places the company first among its U.S. open-air peers. Founded in 2011, GRESB is considered the real estate sector’s roadmap to high sustainability performance and low carbon emissions. Its annual survey is the leading global forum for real estate companies seeking to voluntarily disclose sustainability performance. Kimco has participated since the survey’s inception, with 2016 marking the company’s fifth consecutive year of aggregate score improvement.

The Dow Jones Sustainability Index assessment process involves the evaluation of more than 3,400 of the world’s largest companies each year and is considered a leading authority for investors tracking the financial performance of corporate sustainability leaders in their respective industries. This is the second year that Kimco has completed the DJSI assessment and also the company’s second consecutive year as the sole retail REIT selected for inclusion in the North America Index.

“It is our goal to make sustainability a calling card for Kimco, and I’m proud to say we are leading the charge,” said Conor Flynn, President and Chief Executive Officer at Kimco. “In the five short years since we launched our sustainability initiative in 2011, we have decreased same site energy consumption in our centers by over 15 percent – an impressive feat for a company of our size. Kimco continues to focus on improving communities across the country and encouraging innovation and efficiency in property operations – important components of our 2020 Vision that have led us to these two prestigious distinctions.”

This is not the first time Kimco’s sustainability initiatives have been recognized this year. The company was also named by Newsweek as a Top Green Company for 2016.

Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of June 30, 2016, the company owned interests in 537 U.S. shopping centers comprising 86 million square feet of leasable space across 36 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit, the company’s blog at, or follow Kimco on Twitter at

The statements in this news release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition and disposition opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings. Copies of each filing may be obtained from the company or the SEC.

The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2015, as it may be updated or supplemented in the company’s Quarterly Reports on Form 10-Q and the company’s other filings filed with the SEC, which discuss these and other factors that could adversely affect the company’s results.

David F. Bujnicki
Senior Vice President
Investor Relations and Strategy

Source: Kimco Realty Corporation

Macerich achieved #1 ranking in 2015’s U.S. Retail Sector according to Global Real Estate Sustainability Benchmark (GRESB)

Ranking Underscores Macerich’s Thoroughly Integrated Focus on Sustainability

SANTA MONICA, Calif., 2015-9-15 — /EPR Retail News/ — Macerich (NYSE: MAC) today announced that it has achieved the #1 ranking in the U.S. Retail Sector in 2015 according to scores published by Global Real Estate Sustainability Benchmark (GRESB). GRESB is a leading measure of sustainability performance for real estate portfolios around the world.

“Macerich is fully committed to environmental stewardship, and this GRESB ranking is the culmination of years of focused effort and investment in sustainability,” said Ed Coppola, President, Macerich. “From our thoughtful and effective response to the drought in California to our powerful initiatives in renewable energy, Macerich has integrated sustainable strategies into every area of our business, which benefits the environment as well as our investors. Our program is socially responsible, operationally sound and financially disciplined.”

A top performer in GRESB’s Green Star rankings for two years running (formerly ranked 4th), Macerich is well recognized for its industry leadership in sustainability. Major awards include the 2014 NAREIT Retail “Leader in the Light,” as well as numerous LEED® Gold certifications from the U.S. Green Building Council, and awards of excellence from various chapters of NAIOP, the Commercial Real Estate Development Association.

Key results of Macerich’s successful and comprehensive focus on sustainability include a 29% decrease in energy use since 2009; $26.6 millionin operational cost savings from 2008 through 2014; recycling of more than 12,252 tons of waste per year; and the completion of 13 renewable energy projects with a total capacity of 10.5MW (by end of 2015) will rank Macerich in top 15 U.S. companies in terms of solar capacity.

For more information on Macerich’s sustainability efforts and impacts, please view the 2014 Sustainability Report.

About Macerich
Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 55 million square feet of real estate consisting primarily of interests in 51 regional shopping centers. Macerichspecializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in thePacific Rim, Arizona, Chicago and the Metro New York to Washington, D.C. corridor. Additional information about Macerich can be obtained from the Company’s website:

SOURCE Macerich

Karen Maurer, Macerich, 602-708-6311,

Citycon honoured again with Green Star status in the GRESB, Global Real Estate Sustainability Benchmark

Helsinki, Finland, 2015-9-2 — /EPR Retail News/ — Citycon was honoured again this year with Green Star status in the GRESB, Global Real Estate Sustainability Benchmark. Citycon received this recognition now for the fourth year in a row for its outstanding management and handling of key sustainability issues.

Compared to last year Citycon’s score increased by 15% and Citycon was globally among the top ten percent of all reviewed companies.

‘We find it is useful to be benchmarked against our peers and the recognition received gives further validation for the sustainability efforts performed during the past years. Furthermore we are eager to improve these great results also in the future’ says Johanna Kivelä, Sustainability Analyst at Citycon.

The GRESB Report and Survey Results for 2015 are based on sustainability data gathered from 707 property companies and funds, providing aggregate information on 61,000 properties, around the globe.



For further information, please contact:

Johanna Kivelä, Sustainability Analyst
+358 40 761 1577
Nils Styf, Chief Investment Officer
Tel. +46 733 50 60 39


Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic and Baltic regions, managing assets that total EUR 5 billion and with a market capitalisation of approximately EUR 2 billion. For more information about Citycon, please visit

CBRE Group, Inc announces the launch training program for brokerage professionals

Los Angeles, 2015-2-6 — /EPR Retail News/ — CBRE Group, Inc. today announced the launch of an innovative broker training video and resource center specifically designed and aimed at understanding and promoting sustainable aspects of commercial real estate assets. CBRE’s training program will be offered to the Company’s more than 2,900 U.S. brokerage professionals. A preview video of the training program can be viewed here​.

“Sustainability has become a business imperative for many of our clients—tenants and landlords alike,” commented Jack Durburg, Global President, CBRE Brokerage Services. “Many of our brokerage professionals are enhancing their knowledge of sustainable real estate to expand their capabilities and best serve their clients’ needs in a changing marketplace.”

The Green Building Adoption Index, a recent CBRE sponsored study, found that the rapid expansion of “green” space in U.S. has led to green buildings now exceeding 50% of commercial office space in several markets.

“CBRE’s brokerage professionals are often the first contact a prospective tenant meets when considering to occupy space in one of our clients’ buildings and many landlords have made significant investments to improve and promote their sustainability characteristics,” added Dave Pogue, CBRE’s Global Director of Corporate Responsibility. “Our innovative new training will ensure our brokers have up-to-the-minute knowledge and appropriate resources to best serve our clients.”

The Company’s introduction of the broker training initiative joins other sustainability milestone achievements for CBRE, including:

  • ​Recognized global leader in the certification of 335 LEED EB buildings with another 226 buildings in the current pipeline;
  • Environmental Protection Agency (EPA) ENERGY STAR Certification Nation 2014 Elite Member, earning a top spot with 361 EPA Energy Star labeled buildings;
  • Trained more than 16,000 attendees through the CBRE BOMA BEEP program since 2008.

“This is a continuation of our goal to provide a market leading sustainability solution at each step of the real estate process. Trammell Crow Company provides this though its development efforts, CBRE Global Investors continues to earn recognition through the Global Real Estate Sustainability Benchmark (GRESB) for its environmental stewardship and our Asset Services efforts have been recognized consecutively for the past seven years as an EPA Sustained Excellence Partner of the Year,” noted Mr. Pogue.

CBRE’s Environmental Sustainability program includes global commitments in 11 key areas of environmentally sound performance, including resource management, occupancy, communications and training, public policy and procurement. The program provides best practices and initiatives that strengthen CBRE’s own environmental commitment, reflect the best environmental practices for clients’ properties, and provide vital training and education to CBRE professionals.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at

For Further Information

Robert Mcgrath
Director, Sr
T +1 212 9848267