PATRIZIA, an investment manager in real assets, and Fabrix, a London-based real estate developer, have launched a joint venture, Sustainable Communities London (SC London), with more than £100 million ($114 million) of investment firepower to tackle the capital’s acute housing shortages.
Starting with an initial equity commitment of £45 million ($52 million) of client capital managed by PATRIZIA, the platform will deliver sustainable, affordable and alternative housing solutions in London by repurposing underused urban land and buildings. The joint venture’s first scheme in Elephant & Castle is already under way, and future projects will expand the JV’s mission to build a platform of residential assets that deliver strong social outcomes and long-term value.
This investment marks a major milestone in the expansion of PATRIZIA Sustainable Communities, a platform dedicated to tackling housing shortages and social inequality through impact-driven real estat
