Climate Change Capital’s property fund, CCPF, has closed with GBP69m equity.

CCPF invests in commercial property with the emphasis on retrofitting existing buildings in major cities in the UK to achieve improved sustainability and reduced operating costs.

The fund is 40 per cent invested to date with two assets in Birmingham and Edinburgh and further investments are under active consideration.

Tim Mockett, joint founder partner of the fund, says: “We are pleased that our investors who are from the UK, Europe and Australia, are prepared to commit to a sustainable investment strategy. Investors are becoming increasingly aware of how the future regulatory landscape will look and are acting accordingly. The trend to more energy efficient buildings, driven by legislation and the wishes of occupiers and investors, is irreversible.”