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Sla artikel navigatie over.Objective | Determine resident satisfaction |
KPI owner | Amvest |
Definition | Through an annual tenant survey the ARC Fund measures the property management quality and the customer satisfaction amongst its tenants. This concerns in particular the degree of satisfaction regarding the rented property, the surroundings and the service level. Important elements are the contact moments and availability of staff of the property manager, the service performance, the letting process (intake) and repair requests. |
Scale / unity | Absolute score on a scale from 0 (minimum) to 10 (maximum) |
Calculation | • The satisfaction score is calculated by Customeyes based on the answers provided by the participant in the survey |
Target | To achieve a tenant satisfaction score of at least 7.5 (out of 10) and outperformance of IVBN tenant satisfaction benchmark. |
Scope | A sample of all the tenants from the ARC Fund who participated the questionnaire relating to tenant satisfaction |
Frequency | Once a year |
Reporting process | • The tenants fills out a score on a total of five components |
Systems and sources | Survey tool |
Audit process | The tenant satisfaction score is measured completely independently by Customeyes based on the adress list provided by Amvest. Adresses with no current tenants are not included. The same holds true for adresses for which the rental agreement has been signed less than 1 year prior to the start of the survey |
Result 2024 | The average score of three components measured in the the tenant satisfaction score for the ARC Fund was 7.3, which is above the benchmark (7.2), and below the target of 7.5. The scores for the three components were as follows: |
Objective | Achieve a GRESB (Global Real Estate Sustainability Benchmark) score |
KPI owner | Amvest |
Definition | The GRESB score is an overall measure of ESG performance, represented as the number of stars |
Scale / unity | Number of stars from 1 (minimum) to 5 (maximum) |
Calculation | The GRESB score is calculated by the GRESB organization based on the answers provided by the participant in a survey. For each question a maximum number of points is possible to be achieved. |
Target | To achieve the maximum 5 stars, with a minimum score of 91 |
Scope | The complete ARC Fund |
Frequency | Once a year |
Reporting process | • The survey is filled in by the ARC Fund with the burden of proof and argumentation for the answers given |
Systems and sources | Survey tool |
Audit process | The GRESB organization checks the answers, the burden of proof and the argumentation according to its (high) standards and can visit the Fund for a further check |
Result 2024 | The ARC fund has once again achieved 5 stars in the GRESB this year. The fund has risen from 9th place in the benchmark to 8th place. The ARC fund achieved a total of 89 points, which is 2 points less than the previous year. This decrease is in line with the overall point decrease of the entire Dutch benchmark. |
Objective | Measure the energy consumption of the objects in the ARC Fund portfolio |
KPI owner | Amvest |
Definition | The total energy consumption in kWh per m2 per year of all objects in the portfolio that have been in operation for the entire calendar year. The sum of the amount of electricity (in kWh), disctrict heating in GJ and gas (in m3) which is converted to kWh. |
Scale / unity | kWh / m2 / year |
Calculation | Electricity: |
Target | Decrease the like-for-like energy consumption compared to previous year |
Scope | All buildings in the ARC Fund, that are included in the annual report of the specific year (only buildings with a 100% data coverage are included). The buildings that are not in use for a full calendar year fall outside the scope as this may distort the data due to seasonal effects. |
Frequency | Once a year |
Reporting process | The energy consumption is measured based on the following data: |
Systems and sources | ESG Data Template (managed by Cooltree, ARC Fund has access), Cushman & Wakefield as a provider of data and external portal (managed by Sungevity) for renewable energy |
Audit process | Amvest will check all manual input to ensure sufficient evidence has been provided by the property managers. A sample will be checked for data provided through Cushman & Wakefield and Sungevity portal to ensure all data is accurate. The auditor will have access to the final calculation sheet. |
Result 2024 | Average Energy Use Intensity 2023: 82.6 kWh/m2 /year, which is target met. |
Objective | Measure carbon emissions from the ARC Fund |
KPI owner | Amvest |
Definition | The total CO2 emissions in kg/m2 the buildings of the ARC Fund |
Scale / unity | # kg CO2 / m2 / year |
Calculation | Calculation is based on the location based method. |
Target | Carbon emission of 18.7kg CO2/m2 /year over 2023 or below. |
Scope | All buildings in the ARC Fund, that are included in the annual report of the specific year (only buildings with a 100% data coverage are included, see coverage rate). The buildings that are not in use for a full calendar year fall outside the scope as this may distort the data due to seasonal effects. |
Frequency | Once a year |
Reporting process | • The energy consumption is compiled based on the data as described in the KPI Energy Use Intensity |
Systems and sources | The systems used for the energy usage form the source |
Audit process | • The data for the consumption is already checked by Cooltree and added in ESG Data Template of Cool Tree |
Result 2024 | Average Carbon Emission Intensity 2023: 17.1kg CO2/m2 /year, which is target met. |
Objective | Thrive to limit the higher energy performance certificates |
KPI owner | Amvest |
Definition | Percentage of energy performance certificates of B and A or higher based on relative bookvalue of the ARC Fund per calender year |
Scale / unity | Absolute percentage |
Calculation | The energy labels of all existing properties of the ARC Fund, corrected for property size |
Target | 92.7% A and B energy performance certificates |
Scope | All operational properties at the end of the year within the ARC Fund |
Frequency | Once a year |
Reporting process | New complexes: |
Systems and sources | Datawarehouse |
Audit process | Financial process of Amvest |
Result 2024 | The percentage of homes with a A and B energy performance certificate for 2024 amounted to 98.5%, which is above target. |
Objective | Achieve a GPR/BREEAM certificate for the portfolio |
KPI owner | Amvest |
Definition | Percentage of the received GPR/BREEAM certificates per property in comparison to the portfolio |
Scale / unity | Absolute percentage |
Calculation | Percentage of the received GPR/BREEAM certificates per property in comparison to the portfolio and previous year based on bookvalue. |
Target | 80% of the portfolio certified |
Scope | The portfolio of ARCF |
Frequency | Once a year |
Reporting process | The financial staff of the fund determines the properties with a certificate in relation to the total amount of properties and compare the percentage with previous year. |
Systems and sources | Amvest data systems |
Audit process | Financial process of Amvest |
Result 2024 | 80% of the properties in 2024 are GPR or BREEAM certified, which is on target. |
Objective | Implement measures for waterlogging, flooding, drought and heat stress in buildings based on the adaptation plans planned for EU taxonomy. |
KPI owner | Amvest |
Definition | The performed adaptionplans measures within the year for waterlogging, flooding, drought and heat stress. |
Scale / unity | Adaption plans performed |
Calculation | n/a |
Target | During 2024 determine that 10 meaures are applied at buildings for mitigation of climate risks determined for EU taxonomy. |
Scope | All operational properties at the end of the year within the ARC Fund. |
Frequency | Once a year |
Reporting process | Climate risks relating to waterlogging, flooding, drought and heat stress for all operational properties are determined by the asset manager and ESG reporting manager. This risks are based on several publicily available climate risk maps and building specific features. |
Systems and sources | EU taxonomy framework Excel |
Audit process | EU taxonomy determination process within the company |
Result 2024 | 76 measures are implemented in this year and previous years which mitigate high or ver high climate risk. For the upcomming years new measures are planned. |
Objective | Maintain a minimal stable operational vacancy rate |
KPI owner | Amvest |
Definition | The realised operational vacancy rate of the ARC Fund per calender year |
Scale / unity | Absolute percentage |
Calculation | The average operational vacancy rate of all existing properties of the ARC Fund, corrected for property size (excluding properties built in 2022/2023) |
Target | <2.0% |
Scope | All existing properties of the ARC Fund, corrected for property size (excluding properties built in 2022/2023) |
Frequency | Once a year |
Reporting process | The financial staff of the fund calculates the operational vacancy rate for all properties and reports about it in the annual report |
Systems and sources | Amvest financial systems |
Audit process | Financial process of Amvest |
Result 2024 | The vacancy rate for 2024 amounted to 1.8%, which is target met. |
Objective | Maintaining a minimum portfolio allocation in the mid-priced segment (mid-priced formulated in ARCF Portfolio Plan 2024) |
KPI owner | Amvest |
Definition | The end-year portfolio allocation of the ARC Fund in the mid-priced segment |
Scale / unity | Absolute percentage |
Calculation | The percentage of homes (both single-family and multi-family) based on bookvalue within the ARCF allocated in the mid-priced segment compared to the ARCF portfolio |
Target | Minimum of 75% |
Scope | The allocation in mid-prized houses (both single-family and multi-family) of the ARC Fund per year-end. |
Frequency | Once a year |
Reporting process | The financial staff of the fund calculates the portfolio allocation of the fund and reports about it in the annual report |
Systems and sources | Amvest financial systems |
Audit process | Financial process of Amvest |
Result 2024 | The percentage of homes in the mid-priced segment in 2024 amounted to 74%, slightly under the target. This decrease compared to the previous year is primarily due to block sales within the mid-priced segment. |
Region | Mid-priced* | Lower mid-priced** | Upper mid-priced | Higher-priced |
Amsterdam & Utrecht | < €879 | €879 - €1,157 | €1,157 - €1,600 | €1,600 > |
Central Circle - North Wing - Satellites | < €879 | €879 - €1,157 | €1,157 - €1,450 | €1,450 > |
Central Circle - North Wing - Remainder | < €879 | €879 - €1,157 | €1,157 - €1,350 | €1,350 > |
Rotterdam & The Hague | < €879 | €879 - €1,157 | €1,157 - €1,450 | €1,450 > |
Central Circle - South Wing - Satellites | < €879 | €879 - €1,157 | €1,157 - €1,350 | €1,350 > |
Central Circle - South Wing - Remainder | < €879 | €879 - €1,157 | €1,157 - €1,350 | €1,350 > |
Central Circle - East - Regional Cities | < €879 | €879 - €1,157 | €1,157 - €1,400 | €1,400 > |
Central Circle - East - Satellites | < €879 | €879 - €1,157 | €1,157 - €1,400 | €1,400 > |
Central Circle - East - Remainder | < €879 | €879 - €1,157 | €1,157 - €1,350 | €1,350 > |
Regional Economic Centres | < €879 | €879 - €1,157 | €1,157 - €1,250 | €1,250 > |
Remaining regions | < €879 | €879 - €1,157 | n.a | €1,157 > |
Objective | Ensuring that no property has an average increase in rent exceeding the advised rental increase of the IVBN(The Dutch association of institutional real estate investors). |
KPI owner | Amvest |
Definition | The highest rental increase of the ARC Fund per property |
Scale / unity | Absolute percentage |
Calculation | The highest percentage of rental increase in a property, and compare it to the advised rental increase from the IVBN |
Target | Equal to or below IVBN recommendation |
Scope | The rent increase of properties (both single-family and multi-family) of the ARC Fund during the year. |
Frequency | Once a year |
Reporting process | The financial staff of the fund has an overview of the rental increase per property |
Systems and sources | Amvest financial systems |
Audit process | Financial process of Amvest |
Result 2024 | The highest rental increase in the ARC portfolio is 5.5%, which is inline with IVBN recommendation of 5.5%. |