this Patrizia mutual fund officially enters industry infrastructures in spain. First of all, this company real estate projects (It is behind one of the biggest operations of the year in the student residence segment, with 1,500 purchased by 2022. household Hire in Barcelona) decided to open here to jointly fund. lighting, Waste Management, optical fiber, digitization or trails, among others. It has €1,500 million divided into two funds of 750 million to do this globally, but the only limit is to allocate a maximum of €150 million per project. Inside ItalyA benchmark market in the case of Spain has 300 million allocated to such bets.
Here is the first investment of this style. toll road Murcia, however, are already examining two operations worth around €25 and €50m. optical fiber and with smart waste collection system.
“The problem with these projects is that they need a lot of capital and many municipalities don’t have the money or can’t borrow more to finance them: this is Patrizia’s main role.” Patrizia Infrastructures Director, phoebe smith and investment manager from the same section Jose Articles.
In this sense, what Patrizia recommends is to apply as an investment partner for such ventures. Both are considering making deals with tech companies to present themselves. public competitions, how to finance private initiatives already in advanced talks with municipalities. “The goal in Spain is to repeat what we did in Italy: we bought two public lighting companies there and now we work with around 100 municipalities, especially in smaller ones”, sums up Artiles.
smart city
In this way, for example to participate in a competition Manage general lighting using LED lights and sensors that help make the system more efficientbecomes a gateway to cooperation with the City Council in many other areas. “Effective waste management, security cameras on main streets so that the municipality can better control what is happening in the busiest areas, Free public Wi-Fi, chargers electric vehicles…”, list both administrators. In the end, the main goal is to accelerate the arrival of the smart city, and in fact, the company has made its latest participation. Smart City Expo World Congress Barcelona while promoting this new role.
In short, “Patrizia wants to act as an investor – explains the firm – at a time when many municipalities and regions need funding to be more sustainable or to improve their digital infrastructures.” “We are a real estate investor who wants to be significantly involved. infrastructure segment‘ they finish.
Source: Informacion
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