Managing a real estate portfolio nowadays can’t be done without emphasis on sustainability. Public opinion, awareness and regulations on sustainability all indicate the necessity to build a future-proof living environment. The ASR Dutch Core Residential Fund acknowledges the urgency of contributing to a more sustainable environment, and its real estate (bricks) and tenants (behaviour) are the main building blocks for achieving this goal.
Since managing real estate is our core business we put a great emphasis on building a sustainable real estate portfolio. As well as adding new highly sustainable buildings to our portfolio, we also renovated and improved 900 existing dwellings. These dwellings are spread throughout the Netherlands and can be found in Amsterdam, Breda, Hilversum, Nieuwegein, Rosmalen, Utrecht and Zeist. During these renovation projects we improve insulation, heating systems, apply HR++ glass and PV panels wherever feasible.
As a result, the energy index of our portfolio has improved massively. We expect to achieve an average energy index of 1.22 by the end of 2019 (we started at 1.52 in early 2017). 90% of the dwellings in our portfolio will have a Green Label (EPA label C or higher) by the end of 2019. We are determined to keep making progress and we are currently studying the options for renovating an additional 200 dwellings.