ICD-9 RenovationPlus

Impact

Type

Thematic: Climate

Description

Reduced energy cost for heating.

Rationale

Aging residential real estate is often overlooked as a potential for energetic renovation. ICD seeks to reduce energy cost of the portfolio by heat insulation, solar power generation and other improvements. Up to 25% in energy savings can be achieved, which would not be realized under different fund management.

SDGs

Investment

Location

Germany

Type

Real estate fund

Duration

8 years

Since

2019-01

Status