[{"id":2017,"date":"2021-11-02T14:16:17","date_gmt":"2021-11-02T14:16:17","guid":{"rendered":"https:\/\/www.quadreal.com\/rbc-canadian-core-real-estate-fund-completes-third-closing-named-a-sustainability-sector-leader-in-2021-gresb-real-estate-assessment\/"},"modified":"2023-09-21T19:58:33","modified_gmt":"2023-09-21T19:58:33","slug":"rbc-canadian-core-real-estate-fund-third-closing-2021-gresb","status":"publish","type":"post","link":"https:\/\/www.quadreal.com\/rbc-canadian-core-real-estate-fund-third-closing-2021-gresb\/","title":{"rendered":"RBC Canadian Core Real Estate Fund Completes Third Closing, Named a Sustainability Sector Leader in 2021 GRESB Real Estate Assessment"},"content":{"rendered":"
RBC Global Asset Management Inc. (\u201cRBC GAM Inc.\u201d) announced that RBC Canadian Core Real Estate Fund (the \u201cFund\u201d) successfully completed the third phase of its multi-year investment program on October 29, 2021, comprising an acquisition of over $700 million in real estate assets. Additionally, the Fund earned a ranking of first in Canada in the \u201cDiversified\u201d category for non-listed, standing investments, and was named as an \u201cOverall Regional Sector Leader\u201d in the Americas in its inaugural Global Real Estate Sustainability Benchmark (\u201cGRESB\u201d) assessment.<\/p>\n
The third closing of the Fund exceeded its target by raising over $450 million in equity subscriptions, continuing its phased investment strategy with British Columbia Investment Management Corporation (\u201cBCI\u201d) and QuadReal Property Group (\u201cQuadReal\u201d). The Fund, created based on an aligned partnership with BCI and QuadReal, provides investors with access to one of Canada\u2019s largest, highest quality and most diversified commercial real estate portfolios, with assets located in key cities across the country. After the closing on October 29, 2021, the Fund has $2.7 billion in assets under management, and an ownership share in 62 assets valued at over $3.4 billion (at share), with BCI owning the remaining interest in the $9+ billion portfolio. QuadReal will continue to operate and manage the properties.<\/p>\n
In its inaugural assessment by GRESB, the Fund was recognized as an \u201cOverall Regional Sector Leader\u201d in the Americas due to its strong performance relative its peer group1<\/sup>. The GRESB Sector Leader Awards recognize real estate funds and assets that have demonstrated outstanding leadership in sustainability each year. In addition, the Fund was ranked first in Canada and fourth globally in the \u201cDiversified\u201d category for non-listed, standing investments, and was awarded a five-star rating2<\/sup> overall, demonstrating its commitment to sustainability excellence.<\/p>\n GRESB is an organization that provides standardized and validated Environmental, Social and Governance (ESG) data to financial markets. The GRESB assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of asset investments, and are aligned with international reporting frameworks, goals and emerging regulations. The GRESB ESG Benchmark grew this year to cover more than $6.4 trillion of assets under management globally. For more information on the GRESB Assessment and Benchmark, visit https:\/\/gresb.com\/nl-en\/gresbassessments\/<\/a>.<\/p>\n ________________________<\/span><\/p>\n 1<\/sup>\u00a0GRESB Sector Leaders are the best performers by sector, region, and nature of ownership from across the GRESB Assessments. The entity with the top GRESB score, as well as the entities with a score within 1 point of rethe top score, in a category are recognized as Sector Leaders. The RBC Canadian Core Real Estate Fund\u2019s region is \u2018Americas\u2019, sector is \u201cdiversified\u2019, and nature of ownership (legal status) is \u2018non-listed.\u2019 The Fund was 1st in Canada (out of 13), 2nd in the Americas (out of 86) and 4th globally (out of 246). https:\/\/gresb.com\/nl-en\/2021-real-estate-assessment-results\/<\/a><\/small><\/p>\n 2<\/sup>\u00a0The GRESB Rating is based on the GRESB Score and the quintile position an entity occupies relative to all entities participating in the GRESB Assessment globally. If an entity is placed in the top quintile, it is rated GRESB 5 Star. Each year, only 20% of entities receive this rating. GRESB 5 Stars is the highest rating and recognition for being an industry leader.<\/small><\/p>\n \u201cSince launching RBC Canadian Core Real Estate Fund in 2019, we have experienced exceptional interest from clients, speaking to the quality of the portfolio as well as the alignment embedded in our partnership with BCI and QuadReal,\u201d said Michael Kitt, Head, Private Markets and Real Estate Equity Investments at RBC Global Asset Management Inc. \u201cAcross RBC Global Asset Management\u2019s investment platform, we believe that integrating environmental, social and governance considerations can enhance the long-term, risk-adjusted returns of the portfolios we manage for clients. The Fund\u2019s strong GRESB ratings demonstrates our commitment to clients, and extends our focus on sustainability into private market assets.\u201d<\/p>\n Remco Daal, President, Canadian Real Estate at QuadReal adds, \u201cIncorporating progressive ESG management into all planning and decision making is a fundamental commitment we make to our clients, including BCI and RBC GAM Inc., and to the communities in which we are a part. We share the collective goal of achieving sustainable results. Validating our progress is a way in which we demonstrate this to ourselves and our stakeholders.\u201d<\/p>\n This information is not intended to be an offer or solicitation to buy or sell securities. The Fund is offered by RBC GAM Inc. RBC GAM Inc. is a member of the RBC Global Asset Management group of companies and an indirect wholly owned subsidiary of Royal Bank of Canada.<\/em><\/p>\n Investments in alternative funds are speculative and involve significant risk of loss of all or a substantial amount of your investment. Investors should consult their professional advisors and consultants regarding any tax, accounting, legal or financial considerations before making a decision as to whether the Fund is a suitable investment for them.<\/em><\/p>\n Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 88,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada\u2019s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com<\/a>.<\/p>\n We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com\/community-social-impact<\/a>.<\/p>\n RBC Global Asset Management<\/a> (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes money managers BlueBay Asset Management and Phillips, Hager & North Investment Management. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage approximately $580 billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.<\/p>\n QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total $61.2 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating companies in which it holds an ownership interest.<\/p>\n QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.<\/p>\n QuadReal: Excellence lives here.<\/p>\n www.quadreal.com<\/a><\/p>\n Brandon Dorey<\/a> RBC Canadian Core Real Estate Fund has successfully completed the third phase of its multi-year investment program, comprising an acquisition of over $700 million in real estate assets…<\/p>\n","protected":false},"author":1,"featured_media":2018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[1],"tags":[63,68],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.quadreal.com\/wp-json\/wp\/v2\/posts\/2017"}],"collection":[{"href":"https:\/\/www.quadreal.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.quadreal.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.quadreal.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.quadreal.com\/wp-json\/wp\/v2\/comments?post=2017"}],"version-history":[{"count":1,"href":"https:\/\/www.quadreal.com\/wp-json\/wp\/v2\/posts\/2017\/revisions"}],"predecessor-version":[{"id":2071,"href":"https:\/\/www.quadreal.com\/wp-json\/wp\/v2\/posts\/2017\/revisions\/2071"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.quadreal.com\/wp-json\/wp\/v2\/media\/2018"}],"wp:attachment":[{"href":"https:\/\/www.quadreal.com\/wp-json\/wp\/v2\/media?parent=2017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.quadreal.com\/wp-json\/wp\/v2\/categories?post=2017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.quadreal.com\/wp-json\/wp\/v2\/tags?post=2017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}},{"id":2021,"date":"2021-10-25T17:22:57","date_gmt":"2021-10-25T17:22:57","guid":{"rendered":"https:\/\/www.quadreal.com\/partnership-profile-alveole\/"},"modified":"2023-09-21T19:58:34","modified_gmt":"2023-09-21T19:58:34","slug":"alveole","status":"publish","type":"post","link":"https:\/\/www.quadreal.com\/alveole\/","title":{"rendered":"Partnership Profile: Alv\u00e9ole"},"content":{"rendered":"\n A Responsible Company Alv\u00e9ole is a Canadian organization that installs urban beehives across North America and Europe. The team aims to promote sustainability awareness through engagement at schools, businesses and organizations. The shared goals of advancing sustainability and community engagement makes a partnership between Alv\u00e9ole and QuadReal a natural fit. <\/span> <\/span><\/p>\n\n\n\n Supporting Urban Beekeeping<\/span><\/b> QuadReal\u2019s relationship with Alv\u00e9ole began in 2018 at 10 properties and has since grown to nearly 30 locations in Vancouver, Calgary, Toronto, Mississauga, Vaughan, Ottawa and Montreal. After carefully installing the hives at our buildings, Alv\u00e9ole sends dedicated, professional beekeepers to care for them seasonally and throughout the year. The partnership doesn\u2019t end there. The hives provide a touch point for the team to lead hands-on educational, interactive programming to connect with QuadReal tenants and employees, which ties back to two other stakeholder groups under our Responsible Company commitment.<\/span> <\/span><\/p>\n\n\n\nAbout RBC<\/h4>\n
About RBC Global Asset Management<\/h4>\n
About QuadReal Property Group<\/h4>\n
For more information, please contact:<\/h4>\n
\nRBC GAM Corporate Communications
\n416-955-7397<\/p>\n","protected":false},"excerpt":{"rendered":"Rooted in environmental and community impact<\/span>,<\/span> <\/span>u<\/span>rban beekeeping p<\/span>artnership<\/span> takes flight<\/span><\/span> <\/span><\/h3>\n\n\n\n
<\/strong>At QuadReal, <\/span>being a Responsible Company<\/span><\/a> is a foundation that guides our approach to serving the company\u2019s stakeholders: employees; tenants, residents and partners; clients; communities; and the environment. Specifically, our stakeholder commitments to communities and the environment are integral parts of our <\/span>ESG (environmental, social and governance)<\/span><\/a> aspirations<\/span>. QuadReal has a teamwide dedication to integrating ESG across all levels of the company. <\/span> <\/span><\/p>\n\n\n\n
<\/span>Urban beekeeping has increased as a response to the rapid decline in honey bee populations worldwide. This is a cause for concern since bees are one of many pollinators contributing to one-third of the world\u2019s crop production\u2014and ultimately, the food on our plates. Through Alv\u00e9ole\u2019s beekeeping initiatives, we are able to refocus this global issue as an important opportunity to:<\/span> <\/span><\/p>\n\n\n\n\n