Valad Europe joins Green Rating Alliance

Real estate investment manager Valad Europe has joined the Green Rating Alliance (GRA).

Mark McLaughlin, Valad Europe’s head of Benelux and sustainability, has been appointed to the GRA board.

The GRA is an industry initiative aimed at promoting sustainable real estate through assessing and improving the environmental performance of commercial real estate assets across Europe.

Valad Europe said it will use its experience in the pan-European office, retail, logistics and industrial sectors to help create a supplement to the Alliance’s benchmarking tool that can be used by the industry to monitor and report on the sustainable performance of industrial and logistics assets across Europe.

McLaughlin: 'Joining the Green Rating Alliance is a key part of Valad Europe’s sustainability strategy. As a real estate investment manager, repositioning unloved assets is in Valad’s DNA, so creating and implementing sustainability initiatives is a natural extension of our approach to value-add asset management.

Launched in 2011, the GRA has over 20 members including AEW Europe, Allianz Real Estate, AXA Real Estate, GE Capital Real Estate, CBRE Global Investors, Invesco Real Estate, KanAm Grund and LaSalle Investment Management.