GRESB Real Estate Assessment
Star Asia Investment Corporation (“SAR”) in evaluation the GRESB Real Estate Assessment in 2024, and acquired “2 Stars” rating (highest rank: 5 Stars).
Furthermore, SAR obtained the “Green Star” for the four consecutive year which indicates that SAR is a participant which excels in both the “Management Component” which assesses the policy and organization structure for promoting ESG as well as the “Performance Component” which assesses environmental performance and tenant engagement of properties owned.
GRESB is an annual benchmarking assessment to measure ESG (Environmental, Social and Governance) integration of real estate companies and funds, as well as the name of organization which runs the assessment. It was founded in 2009 by a group of major European pension funds who played leading roles in launching Principles for Responsible Investment (PRI). Currently, about 150 Investor Members use GRESB data for their investment decision-making and engagement with investees, and several institutions from Japan including Government Pension Investment Fund (GPIF) utilize GRESB Assessment results. In 2024, 2,223 listed or private real estate companies/funds participated in GRESB Real Estate Assessment.
Please refer to the link below to see details concerning 2024 GRESB data.
https://gresb.com/nl-en/
Acquisition rate of external certifications and Certification Goals
■Acquisition rate of external certifications and Certification Goals
| Acquisition Rates（As of September 6, 2024）(note 2) | Goals for2026 | |||||
|---|---|---|---|---|---|---|
| Number of Properties | Total Floor Area(㎡) | ratio(%) (note 2) | ratio(%) | |||
| Building-Housing Energy-Efficiency Labeling System (BELS) | 11 (note 1) | 38,333.29 | 6.4 | |||
| Certification for CASBEE for Real Estate | 11 | 228,221.46 | 38.0 | |||
| Total | 22 | 266,554.75 | 44.4 | 50.0 | ||
| (note 1) | In case when a property holds multiple certifications, number and floor area of one property is included. |
|---|---|
| (note 2) | Ratio of each floor area to the gross floor area of SAR portfolio (600,946.79㎡). |
■Building-Housing Energy-Efficiency Labeling System (BELS)
This is a third-party evaluation system provided for in the "Guidelines for the Building-Housing Energy-efficiency Labeling System at the Time of Sale or Lease of Budlings based on the Building Energy Efficiency Act" prepared based on the Act on the Improvement of Energy Consumption Performance of Buildings (Building Energy Efficiency Act). Under this system, BELS evaluation organizations registered with the Association for Evaluating and Labeling Housing Performance evaluates and displays the energy conservation performance of buildings.
For the details of BELS, please refer to the following website.
Website on BELS: https://www.hyoukakyoukai.or.jp/bels/bels.html (Japanese only)
| Property name | Asset type | Location | Total floor area（㎡） | Certification rating | Certified date | |
|---|---|---|---|---|---|---|
| 1 | Funabashi Hi-Tech Park Factory Ⅰ(note 2) | Logistics | Funabashi-shi, Chiba | 576.00 | ★★★★★ | Dec. 20, 2023 |
| 2 | KOKO HOTEL Sapporo Odori | Hotel | Sapporo-shi, Hokkaido | 3,854.01 | ★★★★★ | Oct. 25, 2023 |
| 3 | Best Western Plus Fukuoka Tenjin-minami | Hotel | Fukuoka-shi, Fukuoka | 7,322.03 | ★★★★★ | Oct. 25, 2023 |
| 4 | KOKO HOTEL Hiroshima Ekimae | Hotel | Hiroshima-shi, Hiroshima | 5,370.75 | ★★★★ | Oct. 25, 2023 |
| 5 | KOKO HOTEL Kagoshima Tenmonkan | Hotel | Kagoshima-shi, Kagoshima | 4,622.48 | ★★★★ | Oct. 25, 2023 |
| 6 | KOKO HOTEL Tsukiji Ginza | Hotel | Chuo-ku, Tokyo | 6,086.48 | ★★★★ | Aug. 30, 2024 (note 3) |
| 7 | Urban Center Hakata | Office | Fukuoka-shi, Fukuoka | 3,566.56 | ★★★ | Dec. 17, 2021 |
| 8 | Urban Park Mitaka | Residence | Mitaka-shi, Tokyo | 1,180.02 | ★★★ | Jan. 31, 2024 |
| 9 | KOKO HOTEL Residence Asakusa Tawaramachi | Hotel | Taito-ku, Tokyo | 2,226.57 | ★★★ | Aug. 30, 2024 (note 3) |
| 10 | Urban Forum Warabi | Retail | Kawaguchi-shi, Saitama | 1,489.22 | ★★ | Aug. 16, 2024 (note 3) |
| 11 | Urban Park Miyamaedaira (note 4) | Residence | Kawasaki-shi, Kanagawa | 2,039.17 | ★★ | Dec. 24, 2021 |
| ★★ | Dec. 24, 2021 | |||||
| Total | 30,020.24 | |||||
| (note 1) | As of August 30, 2024 |
|---|---|
| (note 2) | Only the expansion portion was acquired. |
| (note 3) | The property acquisition date is noted, not the certification acquisition date. |
| (note 4) | This property consists of two buildings, each with its own certification. |
■CASBEE
CASBEE (Comprehensive Assessment System for Built Environment Efficiency) is a system that comprehensively assesses the quality of a buildings, including evaluating features such as interior comfort and consideration towards scenic aesthetics, in addition to consideration towards the environment such as using materials and equipment that save energy or achieve smaller environmental loads
Please follow the link to see the detailed Comprehensive Assessment System for Built Environment Efficiency
| Property name | Asset type | Location | Total floor area（㎡） | Assessment rating | Certified date | |
|---|---|---|---|---|---|---|
| 1 | Higashi-Kobe Center Building | Office | Kobe-shi, Hyogo | 25,740.46 | S Rank | Jun. 30, 2022 |
| 2 | Urban Center Shinjuku | Office | Shinjuku-ku, Tokyo | 7,624.66 | S Rank | Aug. 1, 2024 |
| 3 | Seiyu Minakuchi | Retail | Koka-shi, Shiga | 31,829.71 | S Rank | Dec. 11, 2023 |
| 4 | Honmachibashi Tower | Office | Osaka-shi, Osaka | 15,407.83 | A Rank | Aug. 1, 2024 |
| 5 | La Park Kishiwada | Retail | Kishiwada-shi, Osaka | 65,663.02 | A Rank | Dec. 11, 2023 |
| 6 | abeno nini (Retail) | Retail | Osaka-shi, Osaka | 4,866.82 | A Rank | Aug. 1, 2022 |
| 7 | Urban Park Daikanyama | Residence | Shibuya-ku, Tokyo | 8,261.29 | A Rank | Jul. 27, 2022 |
| 8 | Urban Park Tokiwadai Koen | Residence | Yokohama-shi, Kanagawa | 15,708.08 | A Rank | Jul. 31, 2024 |
| 9 | Urban Park Mitsuike Koen | Residence | Yokohama-shi, Kanagawa | 10,918.37 | A Rank | Jul. 31, 2024 |
| 10 | Baraki Logistics | Logistics | Ichikawa-shi, Chiba | 12,471.50 | A Rank | Jul. 31, 2024 |
| 11 | Iwatsuki Logistics | Logistics | Saitama-shi, Saitama | 29,729.72 | A Rank | Aug. 1, 2024 |
| Total | 228,221.46 | |||||
| (Note) | As of August 2, 2024 |
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