After investing in a portfolio of Enpal (D), Patrimonium has successfully completed its next investment in the sustainable infrastructure sector.
This investment involves, among other things, a stake, together with a European fund manager, in a leading French company in the field of heat and water meters (measurement and control technology). The investment was implemented in the open-ended investment group ‘Sustainable Infrastructure’ of the Patrimonium Investment Foundation.
Scientific studies show that heat and water meters lead to more efficient use of resources and lower CO2 emissions. The company has a protected business model with long-term, inflation-linked contracts (>10+ years) and a market share of 25%.
Patrimonium, which has so far invested EUR 500 million in sustainable infrastructure. At present, around EUR 300 million is actively managed in closed structures and in an open structure.
Due to the strong performance of the portfolio built up, the dividend payment will be brought forward by three years and will amount to 5% of the paid-in capital.
‘Market dynamics in the sustainable infrastructure investment space have evolved in favour of investors, creating a ‘buyers’ market’. Western central banks have begun to lower interest rates and the market expects this trend to continue in 2025. The relative attractiveness of infrastructure investments as a substitute for fixed-income securities is thus increasing. Valuations have already begun to rise and are expected to continue doing so. The Switzerland-based investment team will take advantage of this favourable environment and continue to benefit from high-quality deal flow,’ says Reto Schwager, Managing Director Infrastructure Patrimonium.
Our Webinar with OCEA Smart Building : Value Creation in Sustainable Infrastructure (recorded on 14 November 2024)