Feldberg Capital has launched a £500m fund targeting “brown to green” office investments in London.
The ReForm fund, which will focus on Zone 1 locations with good transport connections such as Soho, Fitzrovia and Marylebone, has a target of £300m, which will provide around £500m to invest including leverage.
It will also link a proportion of the manager’s performance fees to ESG targets to balance investor ambitions and financial returns.
Feldberg launched the fund through its real estate investment management business, formerly known as Brunswick Property Partners, which it acquired last month.
Demand for environmentally friendly offices is growing, the firm said, while economic troubles have created “an attractive buying opportunity” for the fund.
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