PATRIZIA Infrastructure will invest up to EUR 140 million through its Smart City Infrastructure Fund (SCIF).
PATRIZIA, a leading partner for global real assets, has announced it will invest up to EUR 140 million in Selettra S.r.l, Italy’s second-largest independent smart streetlighting company, through its flagship smart cities strategy, the Smart City Infrastructure Fund (SCIF) - the single LP fund with Dutch pension giant APG. The landmark deal, on behalf of its institutional investor, accelerates PATRIZIA’s growth ambition and strategy to enable smarter, better connected cities in key markets around the world.
PATRIZIA Infrastructure acquires Selettra S.r.l, an Italian streetlighting energy service company (ESCo), from Fondo Italiano per l’Efficienza Energetica (FIEE) and its founders. As a part of the investment, SCIF has committed additional growth capex to drive the future development of Selettra.
Selettra was founded in 1990 for the design, redevelopment, installation, finance and management of connected lighting points. Historically, it has been focused on southern Italy but has recently expanded to include the north of the country. It is currently rolling out two additional smart city business lines connected to the development of Renewable Energy Communities and the roll-out of 5G small cells.
You can now read the full press release at the link below