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Brownfields redevelopment fund 3
France
Last updated 23 November 2020, by Impactyield.
Fund geography
Developed countries (203) / More developed regions (202) / Western Europe (43)
Like its predecessor Brownfields Redevelopment Fund, Brownfields 3 is an environmental infrastructure fund dedicated to the remediation and redevelopment of environmentally impaired sites.
The Fund purchases former industrial, tertiary or commercial facilities, takes responsibility for asbestos removal, demolition and remediation, and defines a redevelopment program in close collaboration with the local communities. Such programs often are based on housing (including social housing) but can also include tertiary, commercial or industrial developments. The Fund will invest in projects mainly in the France and Benelux area but also in Spain and Poland. The Fund can commit up to 50% of its capital by participating in subsequent co-development on the cleaned sites.
The fund has raised EUR 250m from institutional investors, including the French Caisse des Dépôts, and the European Investment Bank. The Fund as a term of 10 years, five years investment period and benefits from the EFSI support.
The management company Brownfields Gestion has a strong track record in the sector, in particular using the “tiers-demandeur” procedure.
Financial description
n.a.
7 years
of track record
2017
the year funded
n.a.
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
SDG goals
SDG targets
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Impact Category
Key performance indicators
Fund overview
Asset manager: brownfields
Product track record: Fund has 7 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category:
Fund domicile: France
Product status:
Style/Stage:
Inception year: 2017
Vintage year: 2017
Target region: Developed countries, More developed regions, Western Europe
Target close date: n.a.
Product term: n.a.
Assets under management: n.a.
Investment size: Min: 0; Max: 0; Avg: 0
Co-investment policy:
Currency of investments: EUR (Euro)
Currency for fund / product figures: EUR (Euro)
Fund investments to date: 0
Fund investments to date exited or repaid: 0
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: n.a.
Contact
E-mail: information@brownfields.fr
Website: https://www.brownfields.fr/
Phone number: n.a.
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Impact Performance
n.a.
Impact thesis
The purpose of the fund is to acquire contaminated urban and industrial sites from private and public owners, remediate the polluted soil and groundwater and sell the remediated land to third parties for development. The developments on the remediated sites may potentially comprise social and affordable housing and buildings with high energy-efficiency performance in which the fund may act as co-developer.
Impact Management
n.a.
Financial benchmark
Term Description:
Keywords