Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Impax buys out property business

Impax buys out property business

Impax Asset Management has bought out a sustainable property fund business from rival Climate Change Capital as it reported a £218 million net inflow over the three months to the end of June.

The uplift brings the company’s assets under management to £2.75 billion. The company did not disclose how much it had paid for the business.

CCC property managers Tim Mockett and Esme Low will join Impax as part of the deal to manage Climate Change Property fund, which is currently being wound up.

The announcement follows the sale of the third of four UK buildings held by the fund, which raised £69 million to investment in and retrofit property in 2008.

‘Sustainable property is an attractive, resilient, real asset class,’ said Impax chief executive Ian Simm. 

‘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.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the FED

Winter market warmers, the post QE world and timing the FED

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Wealth Manager on Twitter