Three more Munich core and mixed-use properties of Bayerische Hausbau Real Estate receive ESG verification from the DGNB
Bayerische Hausbau Real Estate (BHRE), one of the leading real estate companies in Germany, has received ESG verification under the EU taxonomy for three more existing properties. This means that around half of BHRE’s portfolio value has been independently audited and confirmed by the German Sustainable Building Council (DGNB). “Especially in a metropolis like Munich, whose real estate market is characterized by intense competition and high quality requirements, the ESG compliance of existing properties is of central importance for long-term value and investor attractiveness,” says Stefan Bögl, Chief Operating Officer of BHRE. “The ESG verification of the EU taxonomy creates a reliable basis for regulatory reporting and at the same time increases transparency for investors and financing partners.”
Sustainable core and mixed-use properties in Munich’s best locations
The verified properties are located in Munich city centre locations and include office and mixed-use properties with hotel and commercial shares. They meet the requirements of ESG verification, among other things, through high energy standards and climate risk analyses carried out with appropriate countermeasures.
One of the properties examined is the L.UNICO office property in Leonrodstraße in Neuhausen. Built at the end of the 1960s and renovated in 2003, the building with a floor area of around 13,000 square metres has a PV system that contributes to greater energy efficiency. In addition, roof and courtyard greening have a positive effect against existing heat risks.
The listed property at Kardinal-Faulhaber-Straße 1, formerly the headquarters of the Bayerische Staatsbank, was also verified. The property, which will be completely renovated by 2023 under monument protection requirements and has a floor area of around 20,000 square metres, has a primary energy requirement well below the reference value. A green lease agreement has also been agreed with the luxury hotel chain Rosewood.
The third property is a mixed-use property in Bayerstraße near Munich’s main train station. The building, which was built in 2015 and has a floor area of around 12,300 square metres, is mainly let to the Aloft hotel group. In addition to compliance with the limit values for energy requirements, structural measures such as solar control glazing, natural stone façade and green inner courtyard areas lead to compliance with the EU taxonomy requirements.
ESG verification as a tool for transparency and comparability
“ESG verification enables a structured and transparent assessment of ecological sustainability criteria,” adds Astrid Kammel, Asset Manager ESG at BHRE. “For us as portfolio holders, it is a central instrument for systematically recording the status quo of individual properties, making them objectively comparable and documenting them in a way that is reliable in terms of regulatory requirements.” As part of the verification, the DGNB examines, among other things, energy-related characteristic values, technical building parameters, climate risks and other taxonomy-relevant minimum requirements. The results support the BHRE’s strategic portfolio management and reliable reporting in the context of the EU taxonomy.
