PATRIZIA’s Smart Cities Infrastructure Fund (SCIF) surpasses EUR 600 million investment commitment after latest FiberCity® network project deal in the US.
PATRIZIA, a leading partner for global real assets, has invested in its latest FiberCity® network project in the US that will bring high-speed internet to the city of Kenosha.
Kenosha FiberCity® in Wisconsin, USA, will be funded through the investment from SCIF, which is an innovative investment vehicle funded by Dutch pension fund manager APG and managed by PATRIZIA Infrastructure on behalf of Dutch pension funds, ABP and PPF APG. This latest deal sees PATRIZIA’s commitment to smart city investment surpass EUR 600 million.
The FTTP network is being delivered by SiFi Networks, North America’s leading privately owned telecommunications company. When complete, Kenosha FiberCity® will provide 10 gigabit enabled speeds to 40,000 residents and businesses in the city. It is the sixth US city to benefit from the partnership between SiFi Networks and SCIF. The construction of the approx. 700 miles of fibre and 56 cabinets is expected to be completed by November 2025.
You can now read the full press release at the link below
