Brownfields 2 is a fund dedicated to the remediation and redevelopment of former industrial sites.
The Fund purchases former industrial facilities, takes responsibility for the asbestos removal, demolition and remediation, and defines a redevelopment program in close relationship with the local communities. Such programs often are based on housing (including social housing) but can also include tertiary, commercial or industrial developments.
The fund has raised more than EUR 100m from institutional investors, including the French Caisse des Dépôts, and the European Investment Bank. It will invest in twenty to thirty projects mainly in France and Benelux area.
The management company Brownfields Gestion has a strong track record in the industry with twenty sites already redeveloped.