Climate Change Capital has closed its property fund after raising £69 million, according to the firm.
The Climate Change Property Fund (CCPF), which invests in commercial property and aims to retrofit existing buildings to improve energy efficiency, is 40 percent invested with assets in Birmingham and Edinburgh. It was launched in August 2008.
The investors were from the United Kingdom, Europe and Australia
Joint Founder Partner of the fund Tim Mockett said,
We have already seen real asset management wins and are continually reducing the carbon footprint in our portfolio, leading to significant cost reductions for our tenants – a working example of how global environmental issues can be addressed with local strategies.