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Franklin Templeton’s Project Spring revitalised six care homes across the UK to meet the dual challenges of an ageing population and outdated infrastructure. The investment brought 96 dormant beds back into use and improved living conditions for over 400 residents, while delivering long-term social and environmental impact. Supported by a 35-year lease and a dedicated capex and sinking fund, the initiative targets significant upgrades in carbon performance, care quality, and affordability – aligning with SDG 3.8 and 11.1.

Leveraging existing ESG legislation to drive sustainable investment and reduce the reporting burden in the European market

During this briefing, Sofia Cordeiro, ESG Analyst at INREV, gave insights into INREV’s paper on the impact of real estate on nature, highlighting the importance of nature-positive strategies and the growing role of frameworks like TNFD. Lucas Wouters, Portfolio Manager Responsible Investment at APG AM, shared an investor’s perspective, showing how biodiversity risks are assessed across real estate portfolios using the TNFD LEAP approach and tools like IBAT and STAR metrics, and Emily Hamilton, Chief Sustainability Officer Savills Investment Management, showed how nature-based solutions were embedded at Bourn Quarter, demonstrating the tangible benefits of enhancing biodiversity for real estate resilience and asset value.

Download INREV’s Position Paper on ESMA Consultation on Draft regulatory technical standards on open-ended loan-originating AIFs under the AIFMD

The response emphasises the importance of applying relevant LMTs, rather than all listed in the proposal. It highlights the semi-open-ended nature of real estate funds and suggests flexibility in adjusting both the target proportion and actual amount of liquid assets, considering the overall portfolio composition.

The updated Country-by-country Guide features up-to-date information on tax and regulatory regimes for real estate fund vehicles across diverse jurisdictions, including insights on country-level ESG regulations. During this briefing, Martijn Graafstal, Manager, Tax Real Estate, PwC NL, highlighted the changes in the German and Dutch tax rules. Stephen Chewter, Senior Manager, PwC UK, presented on the regulatory and tax aspects of the UK RIF, and Maarten Dansen, Senior Manager ESG, PwC NL, focused on the changes introduced in CSRD reporting obligations under the EU Omnibus I proposal.