Monday, 25 August 2014
Bridges Property Alternatives Fund invests into three transactions for €37.7 mln (UK)
Bridges Ventures announces the purchase of the first three investments by the Bridges Property Alternatives Fund, which completed a first closing in April 2014 with over £120 mln (approx. €150.7 mln) of equity commitments from both existing and new institutional and private investors.
Totalling circa £30 mln (approx. €37.7 mln) of investment, these off-market transactions are focussed on emerging locations in London and in the CBD of Leeds and represent compelling investment opportunities with a strong emphasis on occupational demand, value situations and environmental sustainability.
The first two investments are in partnership with residential development specialist HUB, which shares Bridges’ ethos, aiming to make a positive contribution socially, environmentally and economically in everything they do.
Bridges Ventures specialises in using sustainability and wider social impact as a lens to identify opportunities where potential for an investment to drive social improvements as well as financial value. In the property sector, these include meeting demand for specialist properties, unlocking the potential of emerging locations, or improving the energy footprints of buildings to increase their attraction to occupiers and to future-proof value for investors.
Source: FTI Consulting