Franklin Templeton has spent €200m (£179m) on nine assets since the launch of its Social Infrastructure Fund a year ago.
It has acquired nine assets in the education, justice and healthcare sectors in Denmark, Germany, Italy, Sweden, Spain and the UK, resulting in a long-term leased portfolio of 1m sq ft.
The fund focuses on European social infrastructure assets across three key sectors – healthcare, education and housing – with a particular focus on key-worker housing in city centres.
Most recently, it has acquired a university complex in Aachen, a school in Stockholm, a hospital in Venice, a healthcare centre in Brighton, two nursing homes in London and a hospital in Copenhagen.
Riccardo Abello, director and portfolio manager, said: “We have a solid pipeline of over €500m investments across Europe and expect to announce new asset purchases later this year.
“Our focus continues to be on a dual-return approach that seeks ‘win-win’ investment opportunities where a measurable social and environmental impact return is targeted in addition to an at-least-market-rate financial return.”
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