London-based duo Patrizia and Fabrix introduce £100m housing venture in the heart of the city
In a bid to address London's housing shortage and promote sustainable development, real assets investment manager Patrizia and London-based developer Fabrix have joined forces to launch the Sustainable Communities London initiative. This innovative project, with an initial investment of £45m, aims to tackle housing scarcity and inequality across the UK, Ireland, Belgium, and Spain.
The project, located in Elephant and Castle, South London, will deliver 283 student beds, 23 social homes, and community infrastructure. Once completed, the affordable housing units will be sold to and operated by the Peabody Trust, a registered provider, to provide the London Borough of Southwark with social rent homes.
The Sustainable Communities platform is structured to deliver long-term value through stable rental income while meeting investor demand for strategies aligned with the UN Sustainable Development Goals. The initiative will contribute to the area's continued development, providing affordable housing while integrating sustainable urban design and community-led initiatives, such as the Community Kitchen.
To measure the initiative's impact, Patrizia will identify nine elements of social value linked to the funds' social KPIs. These include social bonds, belonging, access to facilities, safety, engagement, quality of neighbourhood, quality of home, personal growth, and healthy lifestyle. By focusing on these aspects, the project aims to create a vibrant, sustainable community that enhances the lives of its residents.
The Sustainable Communities strategy is not limited to London. It aims to expand across the UK, Ireland, Belgium, and Spain, addressing housing needs and promoting sustainable development in these regions. This partnership between Patrizia and Fabrix marks a significant step towards creating more sustainable and equitable communities in the future.
