23 / 10 / 23 - 1 minute read
Three PATRIZIA funds – European Infrastructure Fund (EIF) II, Smart Cities Infrastructure Fund (SCIF) and PanEuropean Fund – achieved 5* ratings for ESG performance in this year’s GRESB results.
Table of content
Both infrastructure funds scored highest in their respective peer groups, with EIF II scoring 97 points and coming top of the 25 assessed funds within its peer group and SCIF scoring 96 – the highest score out of the 20 funds in its peer group. Whereas EIF II saw its score rise by one point compared topped its category for the second year running, SCIF gained 12 more points than last year, seeing it take the number 1 spot in its peer group after being rated 8th-best last year.
Here, PATRIZIA Infrastructure Managing Director, Tom Maher, gives his thoughts on the achievement.
PATRIZIA’s PanEuropean Fund achieved a 5* rating for the second year in a row whilst, across the 10 real estate funds assessed last year, there was a cumulative score increase of 56 points and six stars. PanEuropean is PATRIZIA’s flagship open-ended, core, balanced fund. In all, 11 of PATRIZIA’s real estate funds were put forward for GRESB assessment, one of which was assessed for the first time.
Here, PATRIZIA Director – ESG, Ben Lonsdale, shares his reaction to this improvement across the 10 real estate funds with comparative data from last year: