October 17, 2014

GRESB and GIBC — Leaders in Sustainability — Combine Efforts To Create Data-Driven Real Estate Sustainability Platform

Posted by Guido Mengelkamp, partner at INEX Advisors.

On October 15, 2014, the Global Real Estate Sustainability Benchmark (GRESB) announced it is joining forces with the Green Building Certification Institute (GIBC).

The full press release profiling the deal can be found here:

The Global Real Estate Sustainability Benchmark (GRESB) is an industry-driven organization assessing the sustainability performance of real estate portfolios (public, private and direct) around the globe. Its members represent USD 8.9 trillion in assets under management.

The Green Building Certification Institute (GBCI) is committed to ensuring precision in the design, development, and implementation of measurement processes for green building performance and green building practice.  Since 2000, GBCI has evaluated and certified more than 10 billion square feet of green building space around the globe.

The next wave of value creation from the Internet is in new services businesses built on data generated from the instrumentation of physical world assets and resources. These services business then offer subscriptions to a broad range of stakeholders with interests in the performance of the newly instrumented assets and operations.

We are excited about the potential for the combined entity to lead this new era in asset management for the global real estate industry. The kinds of services being developed given could create more accurate, and appropriately transparent, performance indicators from NEST-like devices all the way to the capital markets trading platforms.

The merger will provide the global real estate industry with a powerful set of integrated solutions, linking real time performance, asset certification, and portfolio-level reporting to deliver investment-grade data.

INEX Advisors advised GRESB on this first-of-its-kind combination.

October 17, 2014