DTZ teams up with Kenmore Property Group and Forum for the Future to create European office fund

Property consultant DTZ has teamed up with Kenmore Property Group to launch a new sustainable investment fund.

Susteno, which will be formally unveiled tomorrow, will focus on pan-European investment, primarily in city centre locations, and will comprise of a blend of new property as well as refurbished buildings and existing assets 鈥渢hat meet the fund鈥檚 environmental criteria鈥�.

The two firm has have drawn on a team of experts to advise on the fund, including QS Cyril Sweett, lawyer Herbert Smith and sustainable charity Forum for the Future.

Kenmore Property Group will co-invest in Susteno and act as asset/development manager. DTZ will act as the investment manager and property manager, as well as raising capital. Kenmore has current assets under management in excess of 拢1.7 billion and is active throughout Europe.

Matthew Allen, director at DTZ, said: 鈥淭his fund has been developed as a commercial response to the increasingly important matter of environmental sustainability, where moral and economic imperatives are converging to drive change in the property industry. This is a secular change which we believe is set to sharply accelerate.鈥�

Rob Brook, managing director for Kenmore, added: 鈥淭he creation of Susteno marks a significant point in the evolution of the commercial property market.鈥�

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