Actual estate-focused local weather and sustainability consulting agency Longevity Companions introduced a brand new strategi funding from Nuveen and Leon Capital.
Based in 2015 Longevity Companions works with actual property and infrastructure companies to attain inexperienced constructing certifications, and assists them on power audits, knowledge reporting and administration, local weather resilience methods, and the event of power and useful resource effectivity measures to cut back environmental impression and future-proof belongings. Firm knowledge exhibits that it has licensed over $300 billion price of actual property belongings, and is taken into account a world chief in delivering BREEAM In-use certificates, the worldwide science-based reference for inexperienced constructing certifications.
Etienne Cadestin, founder and CEO of Longevity Companions, mentioned:
“Becoming a member of forces with Leon Capital and Nuveen Non-public Fairness Impression groups is a sport changer and marks an necessary milestone for Longevity. This funding gives us with substantial assets, strategic assist and firepower to additional speed up our development and pursue transformative alternatives. With this partnership, we’re higher positioned to scale our operations globally and broaden our impression in driving the transition to internet zero throughout the actual property and infrastructure sectors.”
Earlier this 12 months, Longevity introduced the launch of its Decarbonization Dashboard, a brand new software geared toward enabling industrial actual property professionals and asset managers to trace emissions and description decarbonization pathways for property portfolios. The true property sector has one of many largest carbon footprints, answerable for about 40% of worldwide greenhouse fuel (GHG) emissions and 34% of worldwide power use. Longevity’s digital dashboard has been designed to trace these emissions and description decarbonization pathways for industrial actual property portfolios.
In keeping with Longevity, the brand new funding will assist its improvement in tech-enabled sustainability options for the actual property sector and drive world enlargement.
Radhika Shroff, Managing Director, Non-public Fairness Impression at Nuveen, mentioned:
“With buildings answerable for 40% of worldwide whole carbon emissions, we consider our funding in Longevity Companions is true to our goal to deal with the problems on the coronary heart of the worldwide local weather disaster. By investing in a sturdy, science-based analysis firm, we hope to speed up the decarbonization of actual property markets world wide.”
Jean-Christophe Napoleon Bonaparte and Christos Lavidas, Managing Companions at Leon Capital, and Michael Youtsos, Accomplice, at Leon Capital, added:
“We’re proud to be partnering with Longevity Companions and Nuveen to assist a number one participant in the actual property sustainability house. Longevity’s experience is instrumental in redefining how the constructed surroundings responds to the local weather problem, and we consider this collaboration will considerably improve its means to guide the business ahead.”
Longevity Companions was co-founded and seed funded by actual property funding administration agency Lengthy Harbour, who introduced that it has bought its stake within the firm to Nuveen and Leon Capital.
William Astor, Chief Govt Officer at Lengthy Harbour mentioned:
“Over the previous 9 years, backed by Lengthy Harbour, Longevity has grown from power to power by offering necessary providers in local weather and sustainability which have remodeled companies across the globe. At a time when the transition to internet zero is important for all actual property firms, the sale of our stake in Longevity to Nuveen and Leon Capital will help Longevity to scale its operations globally and speed up its development.”
