Franklin Templeton today announced the acquisition of five new assets for its diversified social infrastructure impact platform (the Platform).
The Platform, managed by Franklin Real Assets Advisors (FRAA) has acquired 22 assets for a total value in excess of EUR560 million2 since its launch in July 2018. In addition to the previously announced social infrastructure assets, the Platform has acquired five new assets in the healthcare, education, housing and civic sectors in Spain, Germany, the UK and Denmark. The new assets include a nursing home in Madrid; special education schools in London and Manchester, job centres in Barcelona and Dortmund as well as a student housing facility in Copenhagen. These additional acquisitions secured with long-term leases, contribute to a well-diversified portfolio across six European countries and five social infrastructure sectors in the portfolio. The FRAA investment team has a strong pipeline of over EUR1 billion investments across Europe and expects to transact on additional assets in the coming months.
FRAA’s intentional approach to social infrastructure investing contributes to six of the United Nation’s Sustainable Development Goals, namely good health and well-being; quality education; clean water and sanitation; affordable and clean energy, sustainable cities and communities; peace and justice and strong institutions.
Considered one of the premier managers in global private real estate investing, Franklin Real Asset Advisors, a dedicated real assets investment group within Franklin Templeton, has managed global and regional private real estate portfolios for investors since 1984, with its experience in social infrastructure gained over multiple market cycles dating back to 2005. Backed by the strength and stability of Franklin Templeton, FRAA offers extensive resources supporting private real estate investing and has deployed over USD7.4 billion3 of committed equity in more than 170 private real asset transactions since 1997.
The Platform invests in physical real estate assets that accommodate and facilitate social services, helping to build strong communities. The Platform invests in core, income producing assets located in, or around, large communities in the European Economic Area, Switzerland and the United Kingdom. Examples of social infrastructure assets include healthcare and education facilities, social and affordable housing and buildings related to justice, emergency and civic services.
Source: Press release from Franklin Templeton on the 21st of February