The second intermediate housing fund (FLI 2) raised unprecedented €1.25 billion
AMPERE Gestion has successfully completed the final closing for its second intermediate housing fund (FLI 2) with €1.25 billion raised only 9 months after it was launched last December.
FLI2 pursues what AMPERE Gestion, CDC Habitat’s asset management subsidiary, initiated through FLI, the latter being now fully invested. The FLI2 disposes of an aggregated €2 billion investment capacity (leverage included) to engage the construction of 11,000 housings (8,000 intermediate lots and 2,000 senior or student-oriented ones).
The new fund’s strategy’s is in line with its predecessor’s one, combining both financial return and social impact, by providing resources to deploy affordable housing in the most tense French cities.
With this fundraising, the largest in the residential sector in Europe over the last 3 years, we hold a privileged position to invest in new housing in “Grand Paris” area. Such a result demonstrates that intermediate housing has emerged as a new asset class targeted by institutional investors in their asset allocation strategy.
We are also grateful to the investors who will allow, with the support of CDC Habitat, to boost affordable housing supply in the areas where it is most lacking
CEO of AMPERE Gestion and Corporate Secretary of CDC Habitat.