Orchard Street Investment Management
industry:
Real Estate
Investing in impact
WHAT WE DID:
- Social Impact
Social value assessment
Strategic recommendations for greater impact
Empowering through education
Orchard Street Investment Management (OSIM), a leading commercial property investment manager with a focus on the UK market, sought to understand and enhance the social value generated by its assets. To achieve this, we partnered with them to conduct in-depth assessments of four diverse OSIM buildings across various funds and asset classes.
Our assessments focused on three key areas for each asset:
- Local Area Needs: We identified the specific needs and priorities of the communities surrounding each property.
- Socio-economic Contributions: We analysed the existing socio-economic contributions each asset made to its local area.
- Sustainability Activities: We reviewed the existing sustainability initiatives at each location.
Alongside these assessments, a crucial part of our work involved upskilling and educating the OSIM team on the meaning of social value, the various approaches to it, and how it could be best integrated into their operations.
Based on our findings, we:
- Developed reports that highlighted the meaningful social value each asset already contributed and provided actionable recommendations for increasing this impact.
- Created detailed case studies derived from these assessments, designed for inclusion in OSIM’s reporting.
- Presented our results and recommendations directly to OSIM’s asset managers.
- Launch of the £400m Orchard Street Social and Environmental Impact Partnership (SEIP)
- Investing in local communities, using a proprietary place-based needs model to identify and respond to local social issues.
- Integration of Social Value into Investment Criteria, where 30% of the SEIP’s performance fees are linked to the achievement of the fund’s specific impact objectives
