Impax Asset Management has purchased Climate Change Capital’s Property Fund (CCPF) and its managers for an undisclosed sum.
Under the terms of the deal, CCPF managers Tim Mockett and Esme Lowe will move to Impax to manage the existing fund, which will be renamed the Climate Property Fund.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The deal will expand Impax’s presence into the sustainable property market.
Climate Change Capital (CCC) said that the CCPF is planned to complete its divestment activity and wind up during 2015.
The acquisition comes as part of the Impax’s plans to establish further asset classes to expand its offering to clients.
Eric Alsembach, CEO of CCC and managing director of BAM, said: " They were among the first to recognize that improving the resource efficiency of UK commercial property is one of the most effective ways to save money, add value and help the environment. Our efforts will continue to focus on investment and advisory opportunities in agricultural and clean energy sectors".
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIan Simm, CEO of Impax, said: "Sustainable property is an attractive, resilient, real asset class. Increasingly strict building regulations are driving interest and demand for commercial property to be built or refurbished to higher environmental standards, and sustainable buildings typically attract premium rents."
Founded in 1998, Impax Asset Management focuses on environmental markets and related resource efficiency sectors. CCC, a part of Bunge’s Asset Management group, is an environmental asset management and advisory group.
