DR1: Reporting Characteristics
Assessment Instructions
Participants must report this metric at the asset level.
GRESB automatically populates this indicator in the assessment response once participants have aggregated asset-level data from the Asset Portal.
When using the Asset Spreadsheet to upload asset-level data, GRESB recommends reviewing the instructions below in conjunction with the corresponding spreadsheet tab. The Cell Code column in the Input section indicates where to report each metric in the spreadsheet.
Asset Portal Guide Click here to download a read-only version of the Asset Spreadsheet.
Composition of the entity’s development projects portfolio during the reporting year
Do not edit.
TRUE/FALSE
%
Drop-down
Date - only if NOT a standing investment
Date - only if NOT a standing investment
Input: How do I complete this indicator?
Warning: Review Scope Requirements
GRESB requires property companies and funds to report on their whole portfolio; this includes all development real estate assets held during the reporting year. See What are the participation requirements?for more information.
Data
Cell Code
Instructions
Asset Name, Property Type, Reporting Year
B-D4
These columns are automatically populated based on information from Asset Characteristics.
DO NOT edit them.
Whole Building is Tenant Controlled
E4
Not applicable to development assets.
Vacancy Rate
F4
Not applicable to development assets.
Status Mandatory
J5
Select the status of the asset during the reporting year:
New Construction: if the asset was a brand-new building (i.e., not from a pre-existing structure) and was under design or development during the reporting year.
Note: Participants should never report performance data before the 'Project started' date of a New Construction asset.
Major Renovation: if the asset underwent a renovation affecting more than 50% of the floor area or leading to the relocation of more than 50% of tenants at any point during the reporting year.
Standing Investment: if the asset was in operation throughout the entire reporting year.
If the asset is a Standing Investment, refer to the Performance Reporting Characteristics page for instructions.
Guidance for phased developments
When an asset is being expanded while currently operational or is constructed in phases with different completion dates, the separate phases should be reported as individual assets. The operational portion of the asset should be classified as 'Standing Investment' while the portion under development as 'New Construction'. Once the additional phases are complete, the entity should combine the different phases into one standing investment in the next reporting year. Please note that when the phases are combined, the asset will not be eligible for like-for-like comparisons in the first year of reporting.
Project Started/ Project
Completed Only if in the reporting year & if Status is not Standing Investment
K5 / L5
If column J (Status) = "Standing Investment", columns K and L are not applicable. Any value reported in these columns will be ignored by the GRESB Portal. If column J (Status) = "Major Renovation" or "New Construction", report the start and/or end date of the project only if those dates fall within the reporting year. Report the applicable dates if the asset was under design, construction of major renovation at any point during the reporting year. If the end date of the project is during the reporting year, this should also be documented. Leaving the 'Project completed' date empty assumes the project was still ongoing at the end of the reporting year. If the design, new construction or major renovation project finished before the end of the year, report performance data for the part of the year where the asset was operational, if the entity is submitting the Performance Component. Common reporting scenarios for standing investments, development projects or major renovations (calendar year January - December): Example A - Standing Investment Only
Asset A is operational since 1 July 2022 and has not been through major renovation since then.
Status selected in column J should read "Standing Investment" / columns K and L can be ignored.
The Asset Portal will expect to receive performance data for the entire reporting year for asset A.
Example B - New Construction Only
Asset B is under construction since 1 July 2020. The project is still ongoing as of 31 December 2026.
Status selected in column J should read "New Construction Project". Column K "Project started" can be left blank because it falls outside of the reporting year, and column L "Project completed" should be left blank as the project wasn't completed by the end of the reporting year.
The GRESB Asset Portal will not expect to receive performance data for asset B.
Example C - Major Renovation and Standing Investment
Asset C entered a Major Renovation Project on 1 January 2025. The project was completed on 30 October 2025.
The status selected in column J should read "Major Renovation Project." Column K "Project started" should read "01/01/2025," and column L "Project completed," should read "31/10/2025." Both dates should be documented because both are within the reporting year.
The GRESB Asset Portal will expect to receive performance data for asset C from the date the project was completed (i.e., 31/10/2025) until the end of the calendar year reporting year (i.e., 31/12/2025).
Validation: What evidence is required?
See the Asset Characteristics page for DR1's evidence requirements.
Scoring
This indicator is not scored.
Frequently Asked Questions
One asset within my portfolio was demolished during the reporting year. How, or can, I report it in the Assessment?
Participants can report the asset as an owned Standing Investment until the demolition date. If you plan to build a new asset on the same owned land, report it as "New Construction" in column J of the Reporting Characteristics tab (using the commencement date as the project start date, provided you have the following parameters: property sub-type, location, GFA, and GAV contribution). Do not report vacant land if no design project began during the reporting year (Fiscal year or Calendar year, as selected in indicator EC4). If you no longer own the land or don't plan to rebuild, report the asset as a Standing Investment in column J of the Reporting Characteristics tab and complete the "Owned until" date in column I. Provide performance data for the period during which the asset was operational.
At what point is a project considered to have commenced as a development project?
As soon as all the following mandatory parameters are available: property sub-type, location, floor area (GFA), and the asset's contribution to the fund-level GAV. Therefore, participants must report assets that are in the design stage, but must exclude plain vacant land with no design project in progress.
At what point in the development process is a project considered to be "completed" for GRESB reporting?
GRESB considers a project to be completed as soon as it is ready to be occupied by the tenants. From the completion day onwards, the GRESB Portal will require performance data if the reporting entity has chosen to submit the Performance Component.
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