2024 GRESB Results Reaffirm Australia’s Leadership in Sustainable Real Estate

The 2024 GRESB benchmark results reaffirm Australia’s leadership in sustainable real estate, with Oceania claiming the top position in the standing investments benchmark and in the development benchmark.

The region’s strong performance includes a 93% average for management and 74% for performance in standing investments, along with 95% for management and 93% for development. The results highlight Oceania’s ongoing efforts to drive sustainable outcomes across the real estate sector.

“With 94% of Oceania participants adopting net zero policies, Australia continues to set the global standard for sustainability and innovation,” Green Building Council of Australia CEO, Davina Rooney said.

Oceania’s standing investment score improved by 3% to 80, remaining above the global average, reflecting increased transparency and participation.

The 3% improvement in the GRESB Development Benchmark of 93, underscores the region’s commitment to sustainable construction.

“Australia continues to lead in delivering high-performing, sustainable buildings, with Green Star helping to drive higher sustainability standards.” Ms Rooney said.

GRESB assessed AU$13 trillion in assets globally, with AU$650 billion from Oceania.

Despite a slight decline in Australian participants, Oceania remains the highest-performing region globally, underscoring its commitment to a greener future.

GRESB Real Estate Standing Investment Sector Leaders (Oceania)

Entity	Manager	Sector	Sector Leader Award/s
Cbus Property	Cbus Property	Diversified – Office/Retail	1. Global Sector Leader 2. Global Non-Listed Sector Leader 3. Regional Sector Leader 4. Regional Non-Listed Sector Leader
Charter Hall 242 Exhibition Street Holding Trust (242Ex)	Charter Hall	Office	1. Regional Sector Leader 2. Regional Non-Listed Sector Leader
Charter Hall Retail Partnership No.6 (RP6)	Charter Hall	Retail	1. Regional Sector Leader 2. Regional Non-Listed Sector Leader
Core Logistics Partnership (CLP)	Charter Hall	Industrial	1. Regional Sector Leader 2. Regional Non-Listed Sector Leader
Dexus DXS	Dexus	Diversified – Office/Industrial	1. Global Listed Sector Leader 2. Regional Sector Leader
Frasers Property Industrial Australia Pty Limited	Frasers Property Industrial Australia Pty Limited	Industrial	1. Regional Sector Leader 2. Regional Non-Listed Sector Leader
Australian Prime Property Fund Retail	Lendlease	Retail	1. Regional Sector Leader 2. Regional Non-Listed Sector Leader
Keyton Trust (formerly Lendlease Retirement Living Trust)	Keyton	Residential	1. Regional Sector Leader 2. Regional Non-Listed Sector Leader
GPT Wholesale Shopping Centre Fund	The GPT Group	Retail	1. Regional Sector Leader 2. Regional Non-Listed Sector Leader
Vicinity Centres Direct Portfolio	Vicinity Centres	Retail	Regional Listed Sector Leader

GRESB Real Estate Development Sector Leaders

Entity	Manager	Sector	Sector Leader Award/s
Aliro Trusco 1 Pty Ltd as trustee for the Aliro Group Industrial Value Fund	Aliro Management Pty Ltd	Industrial	1. Regional Sector Leader 2. Regional Non-Listed Sector Leader
Cbus Property	Cbus Property	Diversified – Office/Residential	Global Sector Leader Global Non-Listed Sector Leader
Charter Hall Prime Office Fund (CPOF)	Charter Hall	Office	1. Regional Sector Leader 2. Regional Non-Listed Sector Leader
Dexus Healthcare Property Fund	Dexus	Healthcare	Global Non-Listed Sector Leader
Goodman Australia Industrial Partnership (GAIP)	Goodman Group	Industrial	1. Global Sector Leader 2. Global Non-Listed Sector Leader 3. Regional Sector Leader 4. Regional Non-Listed Sector Leader
GPT Wholesale Office Fund	The GPT Group	Office	1. Global Sector Leader 2. Global Non-Listed Sector Leader 3. Regional Sector Leader 4. Regional Non-Listed Sector Leader
ISPT Core Fund	ISPT	Diversified – Office/Industrial	1. Global Sector Leader 2. Global Non-Listed Sector Leader
Keyton Trust (formerly Lendlease Retirement Living Trust)	Keyton	Residential	1. Global Sector Leader 2. Global Non-Listed Sector Leader 3. Regional Sector Leader 4. Regional Non-Listed Sector Leader
Scentre Group	Scentre Group	Retail	1. Global Sector Leader 2. Global Listed Sector Leader