AMPERE Gestion has launched Hab’Initio, a new fund focused on land development and housing production

AMPERE Gestion has launched Hab’Initio, a new fund focused on land development and housing production

With €250 million in equity put up by five institutional investors alongside CDC Habitat, Hab’Initio will develop around 30 land conversion and joint residential programmes.

In a context of land scarcity and a drop in the production of new subsidized housing in the most supply-constrained areas, CDC Habitat and AMPERE Gestion, together with French institutional investors (including BNP PARIBAS CARDIF, Allianz France, SMA Group and Assurances du Crédit Mutuel), are launching the first major programme designed to ramp up land development to produce new housing.