Investing carries the risk of fluctuations in the current value of the invested amount and the returns thereon, and the return on the amount originally invested is not guaranteed. The objectives of the investment policy of investment funds may not be achieved despite the use of professional care. Before any investment in investment funds, it is desirable to read the prospectus, key investor information and the half-yearly and annual management report. Neither the current nor the advertised return (HB Reavis Real Estate Investment Fund, sub-fund HBR CE REIF) is a guarantee of future return. More information here: https://cereif.hbreavis.com/en/legal-information/.

ESG

Sustainability

The AIFM (as defined under the prospectus of HB Reavis Real Estate Investment Fund) and the Investment Advisor (as defined under the prospectus of HB Reavis Real Estate Investment Fund) do not consider the adverse impacts of its investment decisions on Sustainability Factors (as defined under the prospectus of HB Reavis Real Estate Investment Fund) on the product level of the Sub-Fund HB Reavis CE REIF due to the nature of investments in the Sub-Fund HB Reavis CE REIF (commercial real estate).

The Sub-Fund HB Reavis CE REIF as its investments acquires directly or indirectly individual or a portfolio of standing buildings (or a respective share or participation in such buildings) where there are no compulsory sustainability criteria of such investments specified in the Sub-Fund’s HB Reavis CE REIF investment policy (although such criteria are considered in the investment decision process and the sustainability compliance is the long term investment objective of the Sub-Fund HB Reavis CE REIF. Therefore, no complex and thorough measurement of such criteria is possible.

The Sub-Fund HB Reavis CE REIF did not designate any index as a reference benchmark to consider environmental, social and governance aspects in its investment decision process and therefore has also not developed any methodology to assess the adverse impacts of investment decisions on Sustainability Factors (as defined under the prospectus of HB Reavis Real Estate Investment Fund) neither such methodology is relevant for it.

The investment objective of the Sub-Fund HB Reavis CE REIF is also to invest in real estate assets that promote the environmental and sustainable standards on respective real estate markets. It is part of the long-term investment objective of the Sub-Fund HB Reavis CE REIF to hold at least 75 % of properties in its investments in real estate portfolio with sustainability certification – BREEAM, LEED or similar or higher standards. The “do no significant harm” principle applies only to those investments underlying the financial product that take into account the EU criteria for environmentally sustainable economic activities. The investments underlying the remaining portion of this financial product do not take into account the EU criteria for environmentally sustainable economic activities.

In addition to the investment objectives described above the Sub-Fund HB Reavis CE REIF aims to improve environmental, social and governance aspects of its investments as part of its good and green governance strategy.

During the investment decisions, the Sub-Fund HB Reavis CE REIF thoroughly considers not only the risk / return profile of a potential investments but also the environmental standards as well as taking into consideration the impacts on environment, social and governance factors and this shall consist of the following processes:

  • Continual analysis of the energy efficiency of its real estate assets in order to identify as soon as possible the necessity to carry out any maintenance measures;
  • Sharing the knowledge and educating all stakeholders on how to utilize the workspace better that supports responsible behaviour of its users;
  • Developing workspaces that enable their users to grow and reach their full potential;
  • As a long-term ambition, building lasting relationships with the local communities around the real estate projects of the HB Reavis Real Estate Investment Fund in order to create innovative ecosystems for business communities and allow for ideas and inspiration exchange on a regular basis; and
  • Inclusion of the promotion of environmental, social and governance aspects in the property management contracts and engaging primarily subcontractors with the same standards in promotion of environmental, social and governance aspects.

You can find more info in annual report available on this web site.

 

Statement on principal adverse impacts of investment decisions on sustainability factors

HB Reavis CE REIF considers principal adverse impacts of its investment decisions on sustainability factors. The consolidated statement on principal adverse impacts on sustainability factors of HB Reavis CE REIF can be found here.

SFDR´s pre-contractual disclosure for the financial product can be found here.