Omnes Capital creates a ‘Green Building” department and launches a €100m fund dedicated to investment in high environmental performance public and private buildings
Omnes Capital and Pro BTP have launched the first French fund dedicated to financing the construction or renovation of high environmental performance public and private buildings in France.
With €50 million of sponsorship from Pro BTP, the fund has a target size of €100 million. Its strategy is to invest in works that go beyond applicable energy efficiency requirements, favouring buildings with a small carbon footprint.
With an average target holding period of five years, investments will concern small-scale commercial projects with a strong regional dimension. SMEs in the sector and local public sector will be involved in projects with the aim of developing total capacity of 500,000 m².
The market for high environmental performance buildings is a fast-growing market. With the French law on transition to energy efficiency, buildings are subject to growing demands in terms of energy and environmental performance, which should become concrete with forthcoming “Réglementation thermique” building regulations to improve energy efficiency. Furthermore, the commercial property sector represents around 1 billion m2 in France, around half of which is over 35 years old and therefore requires considerable renovation works.
To look after management of the fund, a “Green Building” department of four investors is currently being set up within the Infrastructure business headed by Serge Savasta. Gonzague de Trémiolles has joined the team as Principal.
Serge Savasta, Managing Director, comments : “Thanks to Pro BTP, we have the opportunity to launch an innovative investment approach in the public and private building sector while remaining loyal to our roots of pursuing projects on a human scale that contribute to regional development and making our country more environmentally friendly.”
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Gonzague de Trémiolles (age 33), Investment Director
Gonzague de Trémiolles joined Omnes Capital’s Green Building department in 2016. He began his career in 2007 at Cabinet Michel Klopfer, market leader in financial consulting services for local authorities, where he was in charge of arranging and monitoring public-private partnerships on behalf of local authorities. In 2013, Gonzague de Trémiolles joined RTE to look after monitoring of the group’s subsidiaries and investments, including real estate investment, and take charge of M&A activities. Gonzague de Trémiolles holds a master’s degree in public affairs from IEP Paris (2005).
Photos available on request from Shan
About Pro BTP
Pro BTP, a social welfare protection group for the construction and civil engineering sector, serves 3.4 million members and 200,000 companies. It is a non-profit organisation under joint management, offering services for employees, pensioners, tradespersons and companies in the construction and civil engineering sector, in the areas of pensions, prudential insurance, healthcare, savings, insurance, welfare benefits and holidays. In 2015, Pro BTP received €6.7 billion in the form of contributions, including €3.7 billion of pension contributions and €2.8 billion of contributions under personal insurance schemes.
www.probtp.com
About Omnes Capital
Omnes Capital is a major player in private equity and infrastructure. With €2.1 billion in assets under management, Omnes capital provides companies with the capital needed to finance their growth and with key expertise in a number of areas: Buyout & Growth Capital, Private Debt, Venture Capital, Infrastructure, Co-Investment, Secondary Funds of Funds. Omnes Capital was a subsidiary of Crédit Agricole until March 2012. The firm is now owned by its employees.
Omnes Capital is a signatory to the United Nations Principles for Responsible Investment (PRI).
www-rec.omnescapital.com