French asset management group La Française has partnered with financial institutions services provider Global Property Research (GPR) to launch the sustainable global real estate index GPR IPCM LFFS Sustainable GRES Index.
The new index, designed for institutional investors, is aimed at setting new standards in terms of sustainability in the listed real estate sector.
Inflection Point Capital Management UK (IPCM) and La Française Forum Securities (LFFS) -both member companies of La Française- will collaborate alongside GPR on the creation and maintenance of the index, consisting of up to 150 global sustainable real estate securities, which have been selected based on their real estate activities, ESG performance and market capitalisation. GPR will be responsible for the index’s administration.
Jeroen Vreeker, head of the GPR Index Team, said: “Sustainability is a factor that is increasingly implemented when providing benchmark solutions for listed real estate investments. The GPR IPCM LFFS Sustainable GRES Index covers over 60% of the total market capitalisation of the broad GPR General Quoted Index and remains highly diversified to countries and sectors. The index is a valuable addition to GPR’s suite of tailor-made benchmarking solutions.”
Matthew Kiernan, CEO of IPCM, commented: “All over the world, demand for more sustainable real estate offerings is growing exponentially. The leading, most far-sighted real estate companies have recognized this trend and are providing innovative solutions. This new index provides investors with a unique opportunity to identify the leading, best-managed companies and invest in their securities.”