Natixis News

Mirova wins ‘the best brownfield infrastructure strategy’ award at SIATI 2018

The fourth edition of the French Infrastructure, Urban Development and Real Estate summit (SIATI) took place on June 13, 2018 in Paris, where the most deserving public and private sector institutions in each sector were honored during the awards and dinner. Held at the Pavillon d’Armenonville, the event was attended by 650+ representatives of local communities, infrastructure funds and investors who gathered to discover how diversified, performing and innovative the projects conducted with a sustainable development approach could be.

Despite strong competition, Mirova won “the best brownfield infrastructure strategy” award with Mirova Core Infrastructure Fund.This is first brownfield continuation fund dedicated to regulated infrastructure assets in Continental Europe. Launched in 2015, Mirova Core Infrastructure Fund hit its final close a year later with €700 million commitments – well-above its €500 million target size – secured from prominent European pension funds, insurance companies and funds of funds. To date, the Fund is fully committed and has invested predominantly in European PPP and infrastructure concessions, spanning from transportation to broadband networks, and a wide range of social infrastructure projects.

‘We are delighted to receive this award as it sheds light on the relevance of our investment approach and in-depth knowledge of the European infrastructure market. Our yielding strategy consists in building long-term strategic partnerships with industrials for sourcing, equity financing and operating core infrastructure assets generating stable and predictable income streams over their lifetime. With a 25-year buy and hold approach, matching the long-term cash flow profile on the underlying assets, we seek investment opportunities in mid-size projects within the Continental Europe’s mature brownfield market,’ commented Gwenola Chambon, Head of General Infrastructure Funds at Mirova.

Mounir Corm, Deputy-Head of General Infrastructure Funds at Mirova added: ‘Many of our deals are bespoke and our innovative, hands-on approach is essential for structuring complex projects with the aim to create value for all stakeholders involved (public clients, users, industrial partners, institutional investors, etc.). We’re equally committed to sustainable infrastructure financing with the aim to contribute to the economic and social development of local communities where these assets are operated. I’m proud to share this award with our investment team and partners who all played a role in implementing this successful investment strategy.'

The management company is among the top three players in managed real estate savings in France and has built up expertise in all business lines of real estate asset management on behalf of third parties. The managed assets are representative of the real estate investment sectors in terms of type (office, trade, residential) and location (Ile-de-France region, main regional cities, main Eurozone cities). he management company is among the top three players in managed real estate savings in France and has built up expertise in all business lines of real estate asset management on behalf of third parties. The managed assets are representative of the real estate investment sectors in terms of type (office, trade, residential) and location (Ile-de-France region, main regional cities, main Eurozone cities).

The SIATI’s yearly awards ceremony has a hundred of companies, investment funds and public operators compete against each other to win gold in their respective categories. The best sector players and representatives of the most innovative regions are shortlisted by the organizers and invited to submit a comprehensive application form, before being assessed and interviewed by a panel of experts who will choose the final winner.

Related content:
Equity infrastructure: decorrelated, long-term income
Mirova Core Infrastructure Fund acquires stakes in two highway concessions in Portugal
Mirova wins 3rd award in a row at SIATI 2017 with Mirova-Eurofideme 3

Note to the reader:
Mirova Core Infrastructure Fund has been approved by the CSSF, the Luxembourg market authority. The fund is closed to new investors. The Fund’s investment objective, strategy and main risks are described in their regulatory documents. Its fees, charges and performances are also described in those documents as well. Investments in infrastructure funds are mainly subject to loss of capital risk. They are reserved for specific investors, as defined by their respective regulatory documentation.

Any reference to a ranking and/or an award does not indicate the future performance of the UCITS/AIF or the fund manager.

Mirova
An affiliate of Natixis Investment Managers
A subsidiary of Ostrum Asset Management
Limited liability company
Share Capital: €8 322 490.00
Regulated by the Autorité des Marchés Financiers (AMF) under n° GP 02014.
RCS Paris n° 394 648 216
59 avenue Pierre Mendès France
75013 Paris
www.mirova.com

Ostrum Asset Management
An affiliate of Natixis Investment Managers
Société Anonyme
Capital €50 434 604.76
Regulated by the Autorité des Marchés Financiers (AMF) under no. GP 90-009
RCS Paris n°329 450 738
43 avenue Pierre Mendès France
75013 Paris
www.ostrum.com

Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
75013 Paris
www.im.natixis.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.

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