PATRIZIA reaches final closing of PATRIZIA Sustainable Communities

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Reaching final closing with an investment capacity of EUR 500 million, the Luxembourg-based fund, PATRIZIA Sustainable Communities, represents a new sustainable investment strategy and PATRIZIA’s first article 9 impact investing vehicle. The fund pursues a social impact strategy by creating social and affordable homes and other social infrastructure in underserved communities in European cities. In addition, the goal is to reduce carbon emissions by at least 40% for repositioning projects and achieving net zero energy buildings in operation for new developments.

Plesner's Private Investment Funds team has advised PATRIZIA in all phases of the structuring and establishment of the fund.

PATRIZIA is a leading partner for global investment in real assets, with over EUR 58bn of assets under management.

PATRIZIA's purpose is to build communities and sustainable futures, helping their clients and communities around the world to prosper, and PATRIZIA Sustainable Communities exemplifies this approach.

The fund is managed by the Luxembourg alternative investment manager, Patrizia Investments Management, and is advised by PATRIZIA Global Partners, who for almost two decades has invested in real estate assets through best in class local operating partners across the globe. 

Plesner's Private Investment Funds team has a long-standing relationship with PATRIZIA Global Partners and has advised PATRIZIA Global Partners and PATRIZIA in all stages of structuring and establishing PATRIZIA Sustainable Communities.

The Plesner team was lead by Simon Krogh and Kasper Haarløv Pedersen.

The close was announced by PATRIZIA on 29 January 2024 in a press release.

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