PATRIZIA has announced the final close of its debut impact investing strategy with firepower to create a EUR 500+ million pan-European social and affordable housing portfolio.
PATRIZIA, a leading partner for global real assets, has announced the final close of its debut impact investing strategy with firepower to create a EUR 500+ million pan-European social and affordable housing portfolio. PATRIZIA Sustainable Communities has secured equity commitments from 10 institutional investors, with Danish pension funds AP Pension and PKA as cornerstone investors.
Launched in January 2022, PATRIZIA Sustainable Communities has already committed a significant share of its capital to affordable housing projects in major metropolitan areas in western Europe. It commenced its investment programme with four major developments, two in Dublin in Ireland, and two in the UK in Milton Keynes and Bishop’s Stortford, which all together will deliver around 1,000 affordable and social homes.
You can now read the full press release at the link below
