Trei Real Estate, the in Düsseldorf-based international developer and asset manager for residential and retail real estate, has appointed Ivonne Mundil as its new head of sustainability and ESG.
Mundil, who is a chartered engineer that has been with the firm since 2014, developed the company’s ESG strategy and will be in charge of its implementation. She was originally senior construction manager.
The first step for the company, which has 237 existing properties in Germany, Poland and the US, is to seek green-building certifications for all of the properties the company develops itself, In a parallel move, the company will continue to pursue a ‘consistent digitisation strategy’ including a ‘more intense use of building information modelling’.
Mundil is working with three others. The company has around €1.3 bn of AUM.
She said ‘The real estate industry is undergoing a major transformation process whose long-term goal is climate neutrality. My role is to facilitate this transformation on the corporate level.’
Mundil added: ‘Investment fund companies have made good progress with their ESG implementation whereas developers are just getting started on the subject. That is why we want to make Trei one of the leading developers in terms of ESG competence.’
Pepijn Morshuis, CEO, added: ‘We consider ESG a business opportunity. Ultimately, we want to take a forward-looking approach to ensure our business follows a sustainable long-term trajectory. We are not just responding to outside pressure from banks or investors. Rather, it matters to both the owners of Trei and to Trei’s senior management to have us well positioned along ESG lines.'
'Trei is part of a family business. Tengelmann looks back on a 155-year history. So, we don’t think short-term but in terms of generations.’
