Catella brings world’s first ‘energy positive’ residential impact fund to market

Catella Residential Investment Management (CRIM) has launched the world’s first “energy positive” residential impact fund, Catella Elithis Energy Positive Fund (CEEPF), which will invest €500 million ($553 million) in Elithis Towers across France.

Elithis Towers, developed by French sustainable building engineering and real estate developer Elithis Groupe, were designed to produce more energy than the building and tenants consume across cities in France. They deliver both operational carbon neutrality and effective affordable rents through the elimination of domestic-energy bills, increasing each household’s annual purchasing power.

CEEPF qualifies as an Article 9 “dark green” impact fund, the highest designation under the EU’s Sustainable Finance Disclosure Regulation. The first energy-positive buildings to be invested by the Fund already are under agreement in the cities of Bordeaux, Clermont-Ferrand, and Nancy, France. An additional 20 to 25 sites ha