Franklin Templeton Teams Up with Meridia to Invest in Social Infrastructure
17 June 2019 – El Economista
The global investment manager Franklin Templeton has created a new fund to invest in social infrastructure across Europe, with a specific focus on Spain. To this end, it has teamed up with the Spanish manager Meridia to search for opportunities in the student hall, hospital, nursing home, university and school sectors, amongst others.
Franklin Templeton has committed €160 million to the fund in an initial phase, but the vehicle is open to new funding and so there are really no limits in terms of investment size
The alliance in Spain has already completed its first operation with the acquisition of a juvenile court in Madrid. Meanwhile, the Franklin Templeton Infrastructure Fund has also purchased a clinic in London and a nursing home on the outskirts of Milan.
Original story: El Economista (by Araceli Muñoz)
Translation/Summary: Carmel Drake