Real estate investor and manager Cromwell Property Group is partnering with sustainable real asset manager Dasos Capital to establish a pan-European, wooden building property fund.
The open-ended fund will target an initial first close of €100 million ($119 million) committed equity by the end of calendar year 2021, with a target portfolio value exceeding €1 billion ($1.2 billion) over the longer term.
“We intend to establish a truly sustainable pan-European fund that’s the first of its kind as a unique offering to investors,” said Pertti Vanhanen, Cromwell’s managing director, Europe. “An investment in wooden buildings matches the objectives of institutional and other advanced real estate investors who are serious about carbon neutrality and minimizing the impact of climate change on our world.”
The fund will harness increasing institutional investor appetite for opportunities that meet responsible investment and environmental, social and gov
