Transactions - NOVEMBER 16, 2020

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EXCLUSIVE: GRESB Management, Summit Partners to acquire GRESB from GBCI

by Andrea Zander

GRESB Management is pleased to announce that it has partnered with Summit Partners to acquire GRESB from GBCI. The GRESB team would like to thank GBCI for the support it has provided during the past six years to advance sustainable real assets and for allowing us to take this next step in our journey.

This new ownership allows GRESB to establish an independent, non-profit foundation — the GRESB Foundation — to own and govern the GRESB Standards upon which the GRESB Assessments are based. The Foundation Board will be constituted from GRESB Investor Members and will be responsible for reviewing and approving the Standards on an annual basis to ensure they remain investor-led and aligned with responsible investment principles.

“We welcome the establishment of a truly independent GRESB Foundation to govern the GRESB Standards and continue their development as investor needs evolve,” said Patrick Kanters, managing director global real assets, APG Asset Management.

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