Charlotte D'Souza
The LGPS collective has tasked Orchard Street with deploying £100m to decarbonize direct UK real estate assets.
Local government pension schemes committed an aggregate £275m across two affordable housing funds.
The German manager has raised around €300m to invest in social and affordable housing across western Europe.
The industry body has urged the European Commission to consider a new labelling system akin to what the UK FCA is proposing for the SDR.
The Singaporean sovereign wealth fund has committed €200m towards the Italian manager’s latest opportunistic vehicle.
The recent launch of two Article 9 transition funds demonstrates how real estate’s understanding of the SFDR classification is evolving.
More data and guidance is needed to understand how physical risk impacts real estate values, said managers on a ULI Europe webinar.
The Certified Metrics tool, which is being piloted by managers including PGIM Real Estate, will be the first to benchmark the ‘S’ in ESG.
As more managers integrate transition and physical risk into their market analysis, the implications for capital flows should be substantial.
The UK-focused manager credits the 'positive social impact’ of its funds and its B Corp status for its largest fundraise yet.