A €2 billion ($2.2 billion) investment program to build 100 “energy-positive” residential towers across Europe by 2030 has been launched by Berlin-based Catella Residential Investment Management (CRIM) in partnership with Dijon, France-based building engineering company Elithis. The towers will offer apartments at affordable rents and supply surplus power back to national grids.
CRIM and Elithis will start developing their first three residential towers in Dijon, St Etienne and Montevrain in France in 2020, and plan to launch three additional schemes in the French market later next year. Other European cities will follow in 2021. Energy-positive towers are buildings that generate more energy than tenants consume.
Xavier Jongen, managing director at CRIM, said, “Major European cities are facing an affordability housing crisis, particularly for younger people flocking to the big urban centers for education and work, because residential supply is nowhere close to
