Catella Elithis Energy Positive Impact Fund acquires apartment project in France

The Catella Elithis Energy Positive Fund (CEEPF), a residential development fund that focuses on assets that produce more energy from renewable sources than is used by the buildings and tenants, has acquired a 64-apartment project in Mulhouse in northeastern France to be developed by its partner, Elithis Groupe, the French sustainable engineering company.

CEEPF invests as a “dark green” Article 9 impact fund under the European Union’s Sustainable Financial Disclosure Regulation (SFDR) in low-carbon energy-efficient Elithis towers, which produce energy from solar panels on the roofs and facades. Norway’s municipal and public health sector occupational pension company KLP, the country’s largest, and a group of Institutional investors have committed close to €100 million ($107 million) in the first closing of the fund earlier this month.

“The development pipeline for our Elithis Fund is gaining momentum in the French market with this investment in Mulhous