Managed by Franklin Real Asset Advisors (FRAA), its first real estate impact fund has acquired a total of nine assets for a total value in excess of €200 million since its launch a year ago.
In addition to the previously announced healthcare and justice assets in London, Madrid and Milan, FTSIF has acquired six new assets in the education and healthcare sectors in Denmark, Germany, Italy, Sweden and UK, resulting in a long-term leased diversified portfolio of 101,000 square metres of rentable area. The new assets include a university complex in Aachen, a school in Stockholm, a hospital in Venice, a healthcare centre in Brighton, a portfolio of two nursing home facilities in London and a hospital in Copenhagen.
Raymond Jacobs (pictured), managing director and portfolio manager of the Fund, comments: “We define social infrastructure as the physical assets that facilitate social services, helping build strong communities.
“Investment in social infrastructure offers an opportunity to pursue a dual objective, namely, to generate market financial returns as well as providing a positive social and environmental impact in the wider community.
“While access to social services across Europe is essential for economic growth and prosperity, not enough is being done to build and adequately maintain the requisite facilities. Through investing in social infrastructure, investors can add much-needed private capital to boost and protect the social services being provided to communities.”
FRAA’s intentional approach to social infrastructure investing contributes to six of the United Nation’s Sustainable Development Goals: good health and well-being; quality education; clean water and sanitation; affordable and clean energy, sustainable cities and communities; peace and justice and strong institutions.
The investment team is comprised of dedicated investment professionals with extensive real estate industry experience, led by a senior management team that has worked collaboratively over the last 17 years and which combines a diverse skill set and deep experience in private real estate investing.
FTSIF has been registered under the AIFMD in the following countries: Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden and United Kingdom. Professional investors in those countries will be able to access the fund with immediate effect.
