CONTACT
Franklin Real Asset Advisors
Kira Foschi
0207 073 8608
Franklin Real Asset Advisors, on behalf of the Franklin Templeton Social Infrastructure Strategy, has completed the acquisition of five newly built social housing assets comprising 157 units, throughout Dublin. Each of the assets have been built to a very high specification, they are in the highest band for energy efficiency and all of the units are disability access compliant.
The assets are fully leased to three Dublin Local Authorities on a long-term basis and will provide much needed social housing stock in a market that is experiencing a severe shortage.
Raymond Jacobs, Managing Director, Franklin Real Asset Advisors, comments: “We are delighted to have entered the Irish social housing market with a high-quality portfolio of scale. Our social infrastructure mandate has created significant additionality in Dublin, where even though housing deliveries are increasing, there is still a well-documented lack of supply.”
Klaus Schmid, Director of Acquisitions at Franklin Real Asset Advisors, adds: “This portfolio provides the Strategy with long-term, fully indexed, government-backed cash flows backed by high quality residential assets. We are looking forward to increasing our engagement in the market by working with local authorities and developers.”
ENDS
For more information, please contact:
Franklin Real Asset Advisors
Tel: 0207 073 8608
Kira Foschi: [email protected]
Notes to Editors:
This is a marketing communication.
This material is intended to be of general interest only and should not be construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy. It does not constitute legal or tax advice. The views expressed are those of the investment manager and the comments, opinions and analyses are rendered as at publication date and may change without notice. The information provided in this material is not intended as a complete analysis of every material fact regarding any country, region or market. This material is made available by the following Franklin Templeton entities in those countries where it is allowed to carry out relevant business.
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,300 investment professionals, and offices in major financial markets around the world,
the California-based company has over 75 years of investment experience and over $1.4 trillion in assets under management as of July 31, 2023. For more information, please visit https://www.ftinstitutionalemea.com/