UBS Asset Management Achieves Top Results in Inaugural 2015 GRESB Debt Survey
November 12 2015 - 4:15PM
Business Wire
UBS Asset Management's Global Real Estate (GRE) business, which
manages two real estate debt funds, are delighted to announce that
the funds have ranked 1st and 2nd in the inaugural 2015 GRESB Debt
Survey, which measures the sustainability performance of real
estate debt funds globally.
The UBS Participating Real Estate Mortgage Fund (UBS-PREMF) in
the UK and a debt fund in the US both significantly outperformed
their peers, and were the only two funds within the survey to
achieve top quadrant performance in GRESB's scoring matrix.
The results follow a strong showing by UBS Asset Management's
direct real estate funds in the 2015 GRESB Survey released in
September, where nine funds managed by GRE worldwide were awarded
"Green Star" status.
Commenting on the funds' performance, David Hirst, Chairman of
GRE's Sustainability Workgroup, said: "We are delighted with this
result, which reflects our consistent approach to sustainable
investing across our GRE platform. By incorporating our responsible
property investment policy, our debt funds implement the same
rigorous approach to lending decisions as GRE applies to our equity
investments."
Thomas Wels, Head of Global Real Estate at UBS Asset Management
also noted: "I am delighted with this recognition, especially as
sustainability has become one of the most important strategic
differentiators globally and forms an important part of our
investment management process."
What is GRESB?
GRESB is an industry-driven organization committed to assessing
the sustainability performance of real estate portfolios (public,
private and direct) around the globe. GRESB is an independent
organization not connected to UBS Asset Management's GRE business
area. GRESB’s mission is to enhance and protect shareholder
value by evaluating and improving sustainability best practices in
the global real estate sector. GRESB has grown from an initiative
pioneered by three institutional investors with the assistance of
Maastricht University into the leading benchmark measuring the
sustainable performance of real estate portfolios on a global
scale.
The 2015 GRESB Debt Survey
Starting in 2015, GRESB began gathering information regarding
the sustainability performance of companies and funds specialising
in real estate debt. The GRESB debt survey is designed to create a
global benchmark which uses a consistent methodology across
different global regions, investment vehicles and property types.
The scores of the ten private debt fund participants are based on
six key sustainability factors: Management, Policy &
Disclosure, Risks, Due Diligence, Monitoring and Opportunities. In
comparison, the main GRESB survey released earlier this year has
been measuring the sustainability performance of direct real estate
funds since 2009.
About UBS Asset Management
UBS Asset Management is a business division of UBS. UBS Asset
Management provides a diverse range of traditional, alternative,
real estate and infrastructure investment solutions to private
clients, financial intermediaries and institutional investors
around the globe.
UBS Asset Management is a large scale asset manager with well
diversified businesses across regions, capabilities and
distribution channels. With invested assets of some USD 695 billion
as at 30 June 2015, we offer investment capabilities and investment
styles across all major traditional and alternative asset classes.
These include equity, fixed income, currency, hedge fund, real
estate and infrastructure investment capabilities which can be
combined into multi-asset strategies.
Global Real Estate actively manages real estate investments
worth USD 69.4 billion in Asia, Europe and the US, as well as
across the major real estate sectors, making it one of the largest
global real estate investment managers worldwide. Its capabilities
are focused on core and value-added strategies but also include
other strategies across the risk /return spectrum. Global Real
Estate offers direct investment, multimanager funds and real estate
securities strategies.
This material is provided for information only and is not
marketingwww.ubs.com/realestate
About UBS
UBS is committed to providing private, institutional and
corporate clients worldwide, as well as retail clients in
Switzerland, with superior financial advice and solutions while
generating attractive and sustainable returns for shareholders. Its
strategy centers on its Wealth Management and Wealth Management
Americas businesses and its leading universal bank in Switzerland,
complemented by its Global Asset Management business and its
Investment Bank. These businesses share three key characteristics:
they benefit from a strong competitive position in their targeted
markets, are capital-efficient, and offer a superior structural
growth and profitability outlook. UBS's strategy builds on the
strengths of all of its businesses and focuses its efforts on areas
in which it excels, while seeking to capitalize on the compelling
growth prospects in the businesses and regions in which it
operates. Capital strength is the foundation of its success.
UBS is present in all major financial centers worldwide. It has
offices in more than 50 countries, with about 35% of its employees
working in the Americas, 36% in Switzerland, 17% in the rest of
Europe, the Middle East and Africa and 12% in Asia Pacific. UBS
Group AG employs about 60,000 people around the world. Its shares
are listed on the SIX Swiss Exchange and the New York Stock
Exchange (NYSE).
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151112006621/en/
UBS AGMedia:Gregg Rosenberg, 212-713-8842
UBS (NYSE:UBS)
Historical Stock Chart
From Mar 2024 to Apr 2024
UBS (NYSE:UBS)
Historical Stock Chart
From Apr 2023 to Apr 2024