We take a lot of it, we demolish it, we throw it out. "Cities are huge mines of money and natural resources that we've stacked upon each other. Velo Capital was acquired in 2021 – Urban Partners would not disclose its price – while Luma Equity was created internally and spun out.Īt the same time, the team also became interested in the circular economy, where materials are reused and recycled. The company is an evolution of NREP, which already housed 2150. It's something for the people in it, but also for something for the people beyond it." "And so you start to become more and more conscious as to what this single asset actually is. Then you design for others – the neighborhood, municipality, and anyone who is going to see the building, he said. "You start thinking about servicing customers – the stakeholders who actually use the real estate – and you design around them." "We started thinking about what real estate investing can do beyond just a piece of investment," Claus Mathisen, CEO of Urban Partners, told Insider. The company will use the expertise from its various financial arms to invest around 5 billion euros – half through debt and half through cash on hand – in projects that aim to address social, economic, health, and environmental challenges faced by cities. Now, a new investment vehicle wants to deploy an array of financial instruments in unison to rapidly transform the green credentials of cities and make them more liveable.Ĭopenhagen-headquartered Urban Partners, which has 20 billion euros (around $22 billion) in assets under management, is a new umbrella company housing Nordic real estate investor NREP, London-based venture capital firm 2150, credit platform Velo Capital, and new private equity investor Luma Equity. Towering concrete structures, roads littered with slow-moving traffic, and the mass of stationary energy used to power office blocks and residences have helped turn urban centers into one of the most prominent contributors to climate change. It will invest in everything from green spaces and green energy to sustainable construction.Ĭities are home to the bulk of the world's carbon emissions.The Copenhagen-based firm will invest around $5.5 billion in projects that make cities more liveable.Urban Partners will combine real estate, venture capital, private equity, and credit under one company.Account icon An icon in the shape of a person's head and shoulders.
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