Ampere Gestion secures €325m for housing fund

CDC Habitat's subsidiary, Ampere Gestion, secured €325 mln in initial funding for its third affordable housing fund (FLI III) from six institutional investors. 

Ampere Gestion housing project

The established partners include AG2R La Mondiale, Allianz France, BPCE Assurances, Caisse des Dépôts, ERAFP, and FRR.
This investment will further their mission of developing reasonably priced rentals in areas with limited housing options. 
Backed by CDC Habitat since 2014, Ampere Gestion leverages investments to address housing shortages and societal shifts. 
Ampere Gestion manages €10 bn in assets, including €4.5 bn specifically in affordable housing, and has built over 22,000 affordable units in the Paris region and other major French cities.
FLI III, a new fund addressing the tight housing market, aims to make rentals more accessible for middle-income earners, essential workers, young professionals, and students. It will focus on developing more mid-range family rentals, student housing, and co-living spaces. 
This fund adheres to strict environmental and social standards under Article 9 of the SFRD, using impact indicators to track progress. 
Against a backdrop of severe pressure in the housing market across all supply-constrained regions, FLI III aims to improve access to the rental market for the middle classes and key workers and to meet the housing needs of young working people and students.
In particular, it aims to boost the production of intermediate rental housing for families, and student accommodation and coliving developments.
Classified under Article 9 of the Sustainable Finance Disclosure Regulation (SFDR), FLI III pursues an ambitious socially responsible investment (SRI) strategy that incorporates demanding environmental and social commitments, tracked using impact indicators.
Nathalie Caillard, chairperson of AMPERE Gestion Management Board, commented: “The launch of FLI III is in line with our commitment to offer institutional investors concrete solutions for investing in the housing market and responding to pressure in the rental market. This new vehicle has a diversified investment strategy, designed to support evolving lifestyles and meet the growing demand for housing in high-pressure areas. Our aim here is clear: to develop a range of rental properties that are energy- and carbon-efficient, accessible and adapted to new uses.”