British Land makes strategic investment into Fifth Wall’s Climate Tech Fund
- In News
- 11:18, 05 January 2022
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UK REIT British Land has made a strategic investment into Fifth Wall’s Climate Technology Fund.
The fund seeks to invest in climate-focused technologies which directly impact the carbon footprint throughout the real estate lifecycle, from innovative materials to demolition, building operation and recycling.
Following on from its previous investment in Fifth Wall’s Fund II, this latest investment will allow British Land to collaborate with other leading global real estate and technology businesses to find innovative solutions to the climate emergency, whilst remaining ahead of emerging trends in the climate tech space to deliver its own sustainability strategy. It also provides the opportunity to integrate new, cutting-edge climate focused technologies across its portfolio, ultimately making its places more attractive to prospective customers.
British Land will also benefit from the Fifth Wall’s climate tech ecosystem and potential knowledge sharing, networking and co-investment opportunities with its global partnership of real estate investors and diverse range of portfolio companies.
David Walker, Chief Operating Officer at British Land, said: ‘Sustainability is integral to our business and we have a clear strategy to deliver against our ambitious 2030 goal to make our whole portfolio net zero carbon. As we continue to make progress, we know that new technologies will play an increasingly important role in both the development and operation of our places. This investment will help us grow our expertise in Climate Tech, gain exposure to innovative solutions that are directly applicable to our business and retain our industry-leading position on sustainability.’