Climate Change raises £69m

The debut green property fund has closed its first ever vehicle with investors coming from the UK, Europe and Australia

Climate Change Capital, an investment bank focussed on clean energy and a low carbon economy, has closed its debut property fund on around £69 million (€78 million; $107 million) of equity.

The final close comes more than a year after the London-based firm held a first close towards the end of 2008 on £50 million.

In a statement today, the firm said the fund was 40 percent invested with two assets in Birmingham and Edinburgh.
Investors in the vehicle are from the UK, Europe and Australia.

Esme Lowe, joint founder partner of the fund, said: “As a first time fund with no legacy issues, this successful closing is a validation of our specialist investment strategy and provides a platform for growth.”