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UFG Asset Management

PRI reporting framework 2020

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Overview

PR 08. ESG issues in post-investment activities

08.1. Indicate if your organisation, and/or property managers, considers ESG issues in post-investment activities relating to your property assets.

08.2. Indicate whether your organisation, and/or property managers, considers ESG issues in the following post-investment activities relating to your property assets.

          We incorporate ESG issues in exiting the investment to credible buyers.
        

08.3. Describe how your organisation, and/or property managers, considers ESG issues in post-investment activities related to your property assets.

Any ESG issues identified pre-investment which did not result in passing on the investment, are resolved post investment as priority (buying out minorities, improvements to the quality of balance sheets, tenants mix, stability of the asset, improvements to the quality of renovation, energy saving and efficiency, addition of canteen, parking, health and safety upgrades, other technical conditions of the building if needed (although for the avodiance of doubt UFG would not invest if the quality of the building does not meet our standards). We target high quality and thus high liquidity properties to ensure instititutional standards of the assets and stable dividend yield.  In terms of monitoring the investment, we review all expenses and third party providers to ensure transparency and "best in class" approach to all service providers. At least one partner, legal and financial team members of UFG are hands on involved with each project post investment and regularly visit properties, participate in discussions with tenants where required, resolve any conflicts, and monitor performance of the assets compared to financial model prepared before the investment to make corrections as needed, or upgrade performance if it starts slipping. UFG also tries to keep an ear to the ground and particpates in all industry conferences and is in regular dialogue with most reputable brokers for industry trends and any improvements needed for properties, or financial modeling of returns.


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