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IPE Real Assets rewards MAPFRE at its annual event

May 30, 2024

Redacción Mapfre

Specialist real assets and infrastructure investment publication IPE Real Assets has given MAPFRE the award for Real Assets & Infrastructure Investor of the Year in the Rising Star category.

The award is given to firms that are committed to these asset classes, which are seen as having a special place in long-term portfolios alongside traditional real estate investments. The awards ceremony took place at the publication's annual event, which is held in a different European city each year. This time, it took place at the Santiago Bernabeu stadium in Madrid.

“MAPFRE is tackling the historical barriers that real asset investors previously had to face when raising funds in Spain, by means of funds where it aligns its interests with those of its co-investors,” IPE notes.

MAPFRE’s last product in this area is MAPFRE Energías Renovables II, FCR was launched in June 2023 with a fundraising target of 100 million euros to be allocated to the development of approximately 20 biomethane plants throughout Spain. Since its launch, development has begun on nine plants in Extremadura, Madrid and Castilla y León.

The fund, classified as Article 9 under the SFDR, also has an important social aspect, as these plants are expected to generate 70 permanent jobs and 240 indirect jobs. All these characteristics have led Spain's Official Credit Institute (ICO) to back the project with an initial investment of 15 million euros, which will be carried out through its private equity investment arm, AXIS.

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