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DTZ Investors

PRI reporting framework 2020

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Pre-investment (selection)

PR 04. Incorporating ESG issues when selecting investments

04.1. Indicate if your organisation typically incorporates ESG issues when selecting property investments.

04.2. Provide a description of your organisation`s approach to incorporating ESG issues in property investment selection.

To support investment decision making, DTZ Investors commissions a set of pre-acquisition due diligence surveys and reports for all properties before exchange of contracts. These reports support identify any ESG risks associated with the purchase and support identify capital costs and any financial savings that should be factored into investment underwriting.

04.3. Indicate which E, S and/or G issues are typically considered by your organisation in the property investment selection process, and list up to three examples per issue.

Environmental example 1, description

          Flood risk level is assessed across all assets and the risks are reported to the Investment Committee as part of the risk underwriting process.

Environmental example 2, description

          All assets as part of the purchase of properties all have their level of contamination assessed and the risks are reported to the Investment Committee as part of the risk underwriting process.

Environmental example 3, description

          As part of due diligence, the energy efficiency of the building is assessed via proxy of Energy Performance Certificates. Low performing assets are reviewed in detail, with reassessment of the energy performance certificate prior to purchase to identify works required to make improvements. Regulatory risks are also assessed at this time, from an energy performance perspective.

Social example 1, description [OPTIONAL]

          We do Building Public Risk Assessments annually at our multi let properties which ensure that all the buildings are maintained and represent no risk to occupants or members of the public. Any items highlighted are dealt with promptly in the corresponding year.

Social example 2, description [OPTIONAL]

          Occupier satisfaction assessments are undertaken on an annual basis which supports identify areas of improvement in management and collaboration with occupiers.

Social example 3, description [OPTIONAL]

          Occupier wellness: Assessment of recreational space, bicycle storage, changing facilities etc.

Governance example 1, description

          The investment teams always consider if conflicts of interest are present

Governance example 2, description

          All suspected anti-bribery and corruption needs to be reported to the Money Laundry Office.

Governance example 3, description

          The investment team considers ethical risks and sustainability for each investment

04.4. Additional information. [Optional]

PR 05. Types of ESG information considered in investment selection (Private)

PR 06. ESG issues impact in selection process

06.1. Indicate if ESG issues impacted your property investment selection process during the reporting year.

06.2. Indicate how ESG issues impacted your property investment deal structuring processes during the reporting year.

06.3. Additional information.

Impacts resulted in financial adjustments and a case of abandonment (in relation to contamination and flood risk) as a result of ESG consideration at pre-acquisition stage.