Implementing an effective ESG programme to protect your assets and find strategies for outperformance is not a straightforward task. First, there are a multitude of standard setters and regulators. In fact, the World Business Council for Sustainable Development (WBCSD) began mapping standards globally and found 1,970 different reporting provisions, management and reporting resources across 70 countries, including mandatory, compliance and voluntary programmes.

I’d like to draw your attention to IREI’s mission and recap these past two years of working to align the interests of various participants on our platform to achieve our mission and meet the needs of our institutional investor readers.

This past year was a banner one for global investment volume, which reached a record high of US$1.3 trillion in 2021, a 55 percent increase over 2020 and up 21 percent since 2019, according to CBRE’s latest Global Investment brief.

Mastern Asset Management has acquired an office complex near Seoul known as Alpharium Tower for KRW 1.02 trillion (US$853 million) from ARA-Alpharium REIT, which is managed by ARA Korea. According to JLL, the deal is one of the largest office transactions in South Korea since the onset of the pandemic.

Allianz Real Estate, on behalf of South Korea’s National Pension Service (NPS) and Allianz group companies (Allianz), via its AREAP Core I fund, has agreed to acquire a 50 percent stake in Sydney’s Commonwealth Bank Place at Darling Quarter for a gross valuation of approximately US$445 million.

GIC, Singapore’s sovereign wealth fund, has agreed to buy the West Village retail precinct in Brisbane, Australia, with co-investor Centuria Capital Group in an off-market deal for A$202 million (US$142 million), according to the Australian Financial Review, which identified the investor.

APG and Ivanhoé Cambridge have invested in Taronga Ventures’ built environment technology fund – RealTech Ventures I (RTVI) — joining other leading global investors. This marks APG’s first proptech investment in Asia Pacific.