Premier Investment Corporation

TSE code 8956

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Sustainability Initiatives

GRESB(Global Real Estate Sustainability Benchmark)

The Global Real Estate Sustainability Benchmark (GRESB) is an assessment system for measuring annually the Environmental, Social and Governance (ESG) awareness of real estate. It was developed in 2009 by major European pension funds and others.

Characteristically, the GRESB Real Estate Assessment evaluates the initiatives on sustainability of real estate companies, REIT and funds as a whole, instead of solely investigating individual real estate properties.

For details of the GRESB, please refer to this website.

Assessment results

In the 2018 GRESB Real Estate Assessment, PIC has received a “Green Star” rating, highly evaluated in both dimensions of “Management and Policy” and “Implementation and Measurement” with regards to activities for environmental consideration and sustainability.
Moreover, PIC has received “4 Stars” in “GRESB Rating”, which is a five-grade evaluation system that awards applicants a relative evaluation based on total GRESB score.

Going forward, PIC and Premier REIT Advisors Co., Ltd., the asset management company for PIC, will continue our endeavors on promoting ESG awareness in all aspects of real estate investment and management operations, based on the Sustainability Policy.


Related press releases

”Notice Concerning GRESB Real Estate Assessment Results” dated September 21, 2018 PDF (76.6KB)

(Comprehensive Assessment System for Built Environment Efficiency)

CASBEE is a system to evaluate a building's comprehensive environmental performance, including energy saving and other environmental awareness as well as indoor comfort and aesthetic appeal. The system was developed primarily by the Institute for Building Environment and Energy Conservation under the initiative of the Ministry of Land, Infrastructure, Transport and Tourism.

(Example of Initiatives)

Property Name Gotanda NT Building Assessment
Location 1-18-9 Nishi-Gotanda, Sinagawa Ward, Tokyo Rank A
Total Floor Space 7,545.80m2
Structure of Building Steel-framed reinforced concrete structure with a flat-topped roof, 10 stories and 1 basement floor
Construction Complete November 1987

Property Name NTT CRED Okayama Building Assessment
Location 1-8-45 Nakasange, Kita Ward, Okayama City, Okayama Rank S
Total Floor Space 35,299.51m2
Structure of Building Steel and steel framed reinforced concrete structure with a flat-topped roof, 21 stories with 2 basement stories
Construction Complete February 1999

DBJ Green Building Certification

DBJ Green Building Certification Program was launched by Development Bank of Japan Inc. (DBJ) in April 2011 for the purpose of supporting the properties which give proper care to environment and society (Green Building).
The program evaluates, certifies and supports properties which are required by society and economy. It makes comprehensive assessment of properties, while evaluating various factors which range from properties' environmental features to their communication with stakeholders, such as disaster prevention and proper care for surrounding communities.

(Examples of Initiatives)

Property Name Premier Blanc Yoyogikouen Assessment
Location 1-46-7 Tomigaya, Shibuya Ward, Tokyo 3 Stars
Total Floor Space 3,086.04m2
Structure of Building Reinforced concrete structure with a flat-topped roof, 11 stories and 1 basement floor
Construction Complete June 2005

(Building Energy-efficiency Labeling System)

BELS is a system for third parties to evaluate and indicate energy conservation performance of non-residential buildings, based on the Evaluation Guidelines for the Building Energy-efficiency Labeling System for Non-Residential Buildings (2013).

(Example of Initiatives)

Property Name Ueno Tosei Building Assessment
Location 4-27-3 Higashi-Ueno, Taito Ward, Tokyo ★★★☆☆
Total Floor Space 6,868.83m2
Structure of Building Steel-flamed with a flat-topped roof, 10 stories
Construction Complete May 2007

Low-Carbon Model Building
Low-Carbon Small and Medium-Sized Model Building Certified by the Tokyo Metropolitan Government

The "Low-Carbon Small and Medium-Sized Model Building" is an assessment index for low-carbon buildings (low-carbon building benchmark) announced by the Tokyo Metropolitan Government in May 2012, with an aim to create the real estate market in which low-carbon buildings featuring low CO2 emission are valued.

(Examples of Initiatives)

Property Name Rokubancho Building Assessment
Location 6-28 Rokubancho, Chiyoda Ward, Tokyo A4
Total Floor Space 9,339.42m2
Structure of Building Steel-framed, steel-framed reinforced concrete structure with a flat-topped roof, 7 stories and 1 basement floor
Construction Complete April 1987

Property Name Urbannet Mita Building Assessment
Location 3-10-1 Mita, Minato Ward, Tokyo A2
Total Floor Space 13,987.76m2
Structure of Building Steel-flamed, reinforced concrete structure with a flat-topped roof, 8 stories and 1 basement floor
Construction Complete September 1987