Omnes signs its fourth investment in green buildings in partnership with event operator Culture & Patrimoine and announces the final close of its Construction Energie Plus fund at its €120 million hard-cap
Omnes through its fund Construction Energie Plus (CEP), and Culture & Patrimoine announce the creation of a joint holding company to finance the renovation, notably environmental, of buildings geared at being used for corporate events.
This long-term partnership is starting with the renovation of the “Y Hangar”, which is intended to become a key place of scientific culture and economic development in West Paris. Located in Meudon, the building has a metal structure which was used for the pavilions of the 1878 World Fair, and served as a shelter for the first airships launched in France.
The Culture & Patrimoine group, chaired by Didier Gouband, positions itself as an operator wishing to revive exceptional buildings.
On this occasion, Omnes is announcing the final close of its Construction Energie Plus fund at its €120 million hard-cap. Backed by PRO BTP, the fund received support from existing investors (including the European Investment Bank through its Juncker Plan and several regional banks from Crédit Agricole) and new institutional investors, notably the Banque des Territoires via its equity and its future investment programme “Ville de demain”, which it manages on behalf of the State.
The CEP fund is dedicated to financing projects for the construction or renovation of public and private buildings with high environmental performance in the main French cities. This deal is the fund’s fourth investment.
Didier Gouband, Chairman, Culture & Patrimoine: “The group's roadmap is aimed at rehabilitating a dozen exceptional sites so as to allow territories and communities to appear more attractive through offering equipment for the general public and businesses. The holding company created with the Omnes CEP fund will help accelerate the development of projects that already have negotiations under way and which are interested in new projects.”
Serge Savasta, Managing Partner, Omnes: “For the past 10 years, we have been developing a sustainable energy transition infrastructure strategy with the aim of building green energy production capacities alongside French and European SMEs. With €120 million raised, we now have a real strength to develop new building projects to serve territorial development and energy transition in our country; this partnership with Culture & Patrimoine fits perfectly into this long-term investment strategy.”