Provide a brief description of your organisations selection, appointment and monitoring of third party property managers and how they contribute to the management of ESG issues for your property investments.
Property management partners used are typically known to us from other projects. All selected property managers are widely recognised and known to do detailed ESG work. ESG matters are a part of the agreements with the property managers and discussed at every quarterly management meeting. Especially energy efficiency has a direct impact on NOI, so it is automatically on the manager's agenda. Otherwise relevant ESG issues are monitored on a case by case basis.