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The firm considers policing part of its investment mandate, but is not "in the business of impact as an opinion", says impact head John Levy.
The package will be used to make upgrades across the 8,600-unit portfolio and includes a €40m green loan.
In the UK, the real estate impact investor segment is maturing and targeting a broader base of investors.
The real estate manager has worked with consultancy The Good Economy to institute an impact management and measurement system.
More than half is invested in social and affordable housing, Big Society Capital finds – a long-term, stable asset class attracting local pension funds – while social impact ventures values fell.
As the gap between supply and demand for affordable housing widens, institutional investors see opportunities to invest to meet ESG goals and boost financial returns, writes Keith Button.
Greater Manchester Pension Fund and South Yorkshire Pensions Authority have invested in the platform, which builds housing for low-income and key worker residents.
Bridges aims to add decarbonisation projects and expand its European footprint for its sixth vintage of its flagship real estate impact strategy, NPM has learned.
Having recently invested in Bristol & Bath Regional Capital, Zamo founder Jim Roth explains the firm’s future plans.
Investors are getting more exacting about impact, says CBRE IM's Andrew Davey, as the firm reaches £500m for its open-end affordable housing fund with fresh commitments from two UK pension funds.