EDF Invest, the investment arm of global electricity leader Électricité de France (EDF SA), has entered into a joint venture with Savills Investment Management (Savills IM), the €26.2 billion ($30.1 billion) AUM international real estate investment manager.
EDF will become a key partner for Savills IM’s Living platform, where it has acquired a 50 percent stake in the holding company of Savills IM’s European Living Fund (EULIV) and made a significant equity commitment to the joint venture. Through this partnership, the joint venture aims to expand its portfolio to more than €600 million ($689 million) GAV within the next two years, acquiring and managing multifamily and student accommodation assets across Europe.
The joint venture is seeded by EULIV’s €220 million ($253 million) portfolio of prime multifamily assets located in Germany, the Netherlands, Spain and Sweden. EULIV, a core/core-plus fund launched in 2023 and backed by Savills IM’s minority sha
