Setting a new standard in sustainable real estate investment, the launch of the First Net Zero 1297 Property Fund heralds a transformative approach to luxury living and environmental responsibility in Monaco. This pioneering fund, embracing Monaco’s vision for a carbon-neutral future by 2050, blends high-yield real estate opportunities with groundbreaking green renovation practices. Spearheaded by industry veterans, the fund is not just an investment in property, but a commitment to the planet, aligning Monaco’s luxury real estate market with cutting-edge sustainability goals. Join us in shaping a greener tomorrow, one investment at a time. For a deeper dive into our mission and opportunities, visit firstnetzero.com.
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FOR IMMEDIATE RELEASE
New Real Estate Fund Invests alongside Monaco’s Net Zero Targets
[London/Monaco, February 2024] – Today sees the launch of First Net Zero 1297 Property Fund, a fund with a mission to invest alongside Monaco’s target to become carbon neutral by 2050 through real estate upgrade and renovation. Authorised in Luxembourg, the fund is a focused private capital fund which strategically invests directly in residential Monaco real estate for rental yield and capital growth as well as promoting sustainable renovation in line with Monaco’s GHG emissions targets. The fund is the first in a sequence of similar funds targeting real estate opportunities in premium markets around the globe.
“Monaco’s commitment to half emissions by 2030 and become carbon neutral by 2050 has resulted in the city becoming one of the global leaders in urban sustainability,” says Dylan Ball, Co-Founder of First Net Zero Group and Co-Portfolio Manager of the company’s Monaco fund. “This makes it an ideal location for us. We are investing to achieve these ambitions within the real estate renovation and development space.”
As part of its investment strategy, the First Net Zero 1297 fund will seek out energy efficiency gains of 50% by 2030 from delivering 65% energy savings on heating, 40% on air conditioning, 60% lower emissions on lighting as well as efficient water reduction systems, using local and sustainable materials and suppliers.
“Monaco is the benchmark for sustainable living” says Peter Morrison, Co-Founder and Portfolio Manager of the fund. “By providing funding and resources to real estate we are helping the Principality achieve its targets in line with the Extended Monaco Programme.”
The First Net Zero team brings a wealth of experience and local knowledge to the sector. Led by Peter Morrison, CEO of a Global Architecture and Sustainability firm, and Dylan Ball, a 20-year veteran in European investment management and former Head of European Equity at Franklin Templeton. They are supported by an on-the-ground team of experts with long-standing experience in the local market.
First Net Zero is currently seeking additional investors and is open to partnerships with companies that share its commitment to sustainability and net zero solutions. For more information First Net Zero and its investment strategy, please visit firstnetzero.com.
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