Publications

Catella impact fund focused on ‘energy-positive’ towers holds first close
Fundraising - FEBRUARY 8, 2023

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Catella impact fund focused on ‘energy-positive’ towers holds first close

by Kali Persall

Catella Elithis Energy Positive Fund (CEEPF), an impact fund managed by Berlin-based Catella Residential Investment Management (CRIM), has completed its first closing.

KLP, Norway’s largest municipal and public health sector occupational pension company, and a group of Institutional investors contributed nearly €100 million ($108 million) to the fund.

CEEPF is the world’s first real estate investment vehicle to focus exclusively on residential developments which produce more energy from renewable sources than consumed by the buildings and their tenants. The fund is targeting an asset volume of €500 million ($540 million) to invest in “energy-positive” towers, and sites have already been agreed with local authorities for the French cities of Mulhouse, Brest, Le Havre, Nancy and Bordeaux.

CRIM is developing Elithis Towers in partnership with French sustainable building engineering and real estate developer Elithis Groupe. Residents of the Elithis Tower

Forgot your username or password?