Six French institutions, including public pension funds Fonds de réserve pour les retraites (FRR) and Établissement de Retraite Additionnelle de la Fonction Publique (ERAFP), have committed €325m to Ampere Gestion’s latest French affordable rental housing development fund.
Ampere, the real estate investment firm CDC Habitat, said its third fund FLI III was backed by FRR, ERAFP, insurers AG2R La Mondiale, Allianz France and BPCE Assurances, as well as financial firm Caisse des Dépôts.
Nathalie Caillard, chairman of Ampere Gestion management board, said: “The launch of FLI III is in line with our commitment to offer institutional investors concrete solutions for investing in the housing market and responding to pressure in the rental market. This new vehicle has a diversified investment strategy, designed to support evolving lifestyles and meet the growing demand for housing in high-pressure areas.
“Our aim here is clear: to develop a range of rental properties that are energy- and carbon-efficient, accessible and adapted to new uses. By combining performance and social utility, we are promoting a social impact investment strategy that is based on specific, regularly measured objectives.”
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