Franklin Templeton boosts social infrastructure pipeline to €650m
Franklin Templeton has amassed a pipeline of more than €650m (£550m) of investments across Europe for its social infrastructure fund.
Franklin Templeton Social Infrastructure Fund has acquired a total of 12 assets for €270m since its launch in July 2018.
FTSIF is an open-ended AIFMD-compliant fund available to professional advisers that focuses on social infrastructure assets across Europe across three key sectors – healthcare, education and housing – with a particular focus on key worker housing in city centres.
Franklin Templeton has amassed a pipeline of more than €650m (£550m) of investments across Europe for its social infrastructure fund.
Franklin Templeton Social Infrastructure Fund has acquired a total of 12 assets for €270m since its launch in July 2018.
FTSIF is an open-ended AIFMD-compliant fund available to professional advisers that focuses on social infrastructure assets across Europe across three key sectors – healthcare, education and housing – with a particular focus on key worker housing in city centres.
Most recently, FTSIF has acquired three new assets in the education, housing and healthcare sectors in the UK and Italy.
Previously the fund had snapped up healthcare, education and justice assets in London, Brighton, Madrid, Milan, Venice, Copenhagen, Aachen and Stockholm. They include a small medical clinic in London, a 70,000 sq ft court house in Madrid and a 120,000 sq ft elderly care facility in Milan with a combined value of around £40m. The properties offer lease terms of 20-plus years, 10 years and 30 years respectively.
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