Reporting Characteristics

Set the currency for which the entity’s real estate portfolio of assets is denominated.

State the currency used by the entity for Assessment indicators that require a monetary value as a response.

Other: State the other currency form.

Currency

No evidence required.

Gross Asset Value (“GAV”) is a metric used in GRESB data analysis to identify the size of the portfolio.

Complete the GAV field in millions (e.g., a GAV of $75,000,000 must be reported as 75).

Do not include a currency, as this has been reported in indicator RC1 above, but make sure the currency applied for GAV reporting is consistent with indicator RC1.

The value provided should be the GAV of the real estate portfolio at the end of the reporting year, and should include development projects (if any) and need to reflect the percentage of financial ownership the entity has for each asset when calculating the economic size. Do not include the GAV of assets sold before the end of year.

As an alternative to GAV, you may report using the market value, the fair value or Net Asset Value (NAV) of the portfolio, at the end of the reporting year.

Terminology

GAV

Gross Asset Value

No evidence required.

Provide information on the entity's portfolio location and property type composition. This indicator is used for reporting purposes only.

Select the predominant location in which the entity’s investments are located and the predominant property type of the portfolio using the fraction of total GAV or net operating income (NOI).

• An entity’s primary property type is based on the most specific category that accounts for at least 75% of its Gross Asset Value (GAV).

• An entity's primary location is based on the most specific category that accounts for at least 60% of its GAV.

For more details, click the button below.

Portfolio Classification

No evidence required.

Identify the entity’s primary business activities during the reporting year. It is only used for reporting purposes.

If the entity chooses to complete the GRESB Real Estate Assessment, it should complete the Component(s) most associated with its business activities. See here for more information about the Real Estate Assessment Components and scope.

Select the option applicable to the reporting entity.

Terminology

Major Renovations

Alterations that affect more than 50 percent of the total building floor area or cause relocation of more than 50 percent of regular building occupants. Major renovation projects refer to buildings that were under construction at any time during the reporting year.

New Construction

Includes all activities to obtain or change building or land use permissions and financing. Includes construction work for the project with the intention of enhancing the property’s value. Development of new buildings and additions to existing buildings that affect usable space can be treated as new constructions. New construction projects refer to buildings that were under construction at any time during the reporting year.

Standing Investments

Real estate properties where construction work has been completed and which are owned for the purpose of leasing and producing rental income. The level of occupancy is not relevant for this definition. Also known as operating buildings.

No evidence required.