Franklin Templeton has acquired three new assets through its European real estate fund Franklin Templeton Social Infrastructure Fund (FTSIF). The fund has acquired a total of 12 assets for a total value in excess of EUR 270 million (US$ 294.67 million) since its launch in July 2018.

FTSIF has acquired three new assets in the education, housing and healthcare sectors in the UK and Italy. The new assets include a school in London, a portfolio of 40 affordable housing properties in Cambridge and a hospital in Venice, resulting in a long-term leased diversified portfolio of over 126,000 square meters of the rentable area across all 12 assets.

FRAA’s intentional approach to social infrastructure investing contributes to six of the United Nation’s Sustainable Development Goals, namely good health and well-being; quality education; clean water and sanitation; affordable and clean energy, sustainable cities and communities; peace and justice and strong institutions.