Climate Change Capital, an investment bank focussed on clean energy and a low carbon economy, has fully invested its maiden property fund.
The London-based firm has invested all of the £69 million (€78 million; $107 million) of equity it raised, it said in a statement. That comes 18 months after launching the vehicle, which finally closed to investors in February this year when the fund was 40 percent invested with two assets in Birmingham and Edinburgh.
Climate Change’s latest deal to buy 40 Springardens in Manchester for £45 million took up the remaining equity in the vehicle. The fund now has gross assets of around £150 million.
Tim Mockett, joint founding partner of the fund said: “This validates our investment thesis and demonstrates the potential for growth of this burgeoning market.”
Esme Lowe, joint founder, added property owners and tenants were coming under increased government pressure to reduce energy consumption, thus creating more opportunities for investors. “We are reviewing our strategic options to capitalise on this for investors,” he added.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: 
