Mirova Core Infrastructure Fund closes a new deal in French parking concessions
Mirova Core Infrastructure Fund (“MCIF”) takes 85% stake in parking concessions which own nearly 4478 off-street and 2030 on-street parking spaces in France.
Mirova, a wholly owned subsidiary of Natixis Asset Management dedicated to responsible investment, is pleased to announce that its EUR 700M fund dedicated to brownfield regulated infrastructures in Continental Europe, MCIF, has completed the purchase of a majority stake in French parking concessions on December 20, 2016. The transaction consists of the acquisition of four parking concessions with local municipalities in Bordeaux, Marseille, Asnières and Versailles, from a mid-size operating company, Urbis Park owned by Foncière des Régions (59.5%) and Predica (40.5%). These car parks are mature brownfield projects with proven track record and a strong market position, especially in Bordeaux city center.
For further reading: Mirova Core Infrastructure Fund buys majority stake in Aton, its first investment in district heating networks and in Italy
Note to the reader:
Investments in Infrastructure portfolios are reserved for specific investors, as defined by their respective regulatory documentation. Regulatory Documents of Funds provide the source of information on these Funds. Their investment objectives, strategies and main risks are described in their respective regulatory documents. Their fees, charges and performances are also described in these documents.
About Mirova
Mirova, an asset management company wholly owned by Natixis Asset Management,1 brings to bear almost 30 years of experience in Socially Responsible Investing (SRI). Mirova offers a conviction-driven approach in order to combine value creation with sustainable development with a unique and global product offering: listed equities, fixed income, infrastructure, impact investing, voting and engagement. With 63 employees, Mirova has €6 billion in assets under management.2
1 Since 01.01.2014.
2 Source : Natixis Asset Management as at 30 June 2016.
Mirova
A subsidiary of Natixis Asset Management
Limited liability company
Share Capital: €7 641 327.50
Regulated by the Autorité des Marchés Financiers (AMF) under n° GP 02014.
RCS Paris n° 394 648 216
21 quai d’Austerlitz 75013 Paris France
www.mirova.com
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
Past performance is not a reliable indicator of future performance. References to a ranking, prize, or rating of a fund are no indication for its future performance.
Mirova, a wholly owned subsidiary of Natixis Asset Management dedicated to responsible investment, is pleased to announce that its EUR 700M fund dedicated to brownfield regulated infrastructures in Continental Europe, MCIF, has completed the purchase of a majority stake in French parking concessions on December 20, 2016. The transaction consists of the acquisition of four parking concessions with local municipalities in Bordeaux, Marseille, Asnières and Versailles, from a mid-size operating company, Urbis Park owned by Foncière des Régions (59.5%) and Predica (40.5%). These car parks are mature brownfield projects with proven track record and a strong market position, especially in Bordeaux city center.
For further reading: Mirova Core Infrastructure Fund buys majority stake in Aton, its first investment in district heating networks and in Italy
Investments in Infrastructure portfolios are reserved for specific investors, as defined by their respective regulatory documentation. Regulatory Documents of Funds provide the source of information on these Funds. Their investment objectives, strategies and main risks are described in their respective regulatory documents. Their fees, charges and performances are also described in these documents.
About Mirova
Mirova, an asset management company wholly owned by Natixis Asset Management,1 brings to bear almost 30 years of experience in Socially Responsible Investing (SRI). Mirova offers a conviction-driven approach in order to combine value creation with sustainable development with a unique and global product offering: listed equities, fixed income, infrastructure, impact investing, voting and engagement. With 63 employees, Mirova has €6 billion in assets under management.2
1 Since 01.01.2014.
2 Source : Natixis Asset Management as at 30 June 2016.
Mirova
A subsidiary of Natixis Asset Management
Limited liability company
Share Capital: €7 641 327.50
Regulated by the Autorité des Marchés Financiers (AMF) under n° GP 02014.
RCS Paris n° 394 648 216
21 quai d’Austerlitz 75013 Paris France
www.mirova.com
This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no assurance that developments will transpire as may be forecasted in this material.
Past performance is not a reliable indicator of future performance. References to a ranking, prize, or rating of a fund are no indication for its future performance.