The success of the fundraise reflects strong demand from institutional investors in both the UK and overseas, underlining Bridges’ position as a global leader in sustainable real estate investing.

Fund VI will target sustainable property investments across the UK and Europe, focusing on needs-driven sectors with strong growth fundamentals such as housing, healthcare, and logistics. Bridges’ low-carbon, impact-driven approach creates assets that are more attractive to occupiers and investors – enabling it to achieve attractive financial returns alongside positive social and environmental impact. This is reflected in the number of strong exits secured in recent months, which have collectively enabled Bridges to return over £150m to investors in the current financial year.

Bridges launched its first Property Alternatives fund in 2009 and has since raised £1.3bn across six dedicated property funds, building a market-leading track record in sustainable real estate. During that time, the Bridges team has consistently demonstrated that by investing in sectors where secular trends are creating clear unmet needs, investors can achieve both strong financial performance and meaningful impact outcomes – including lower-cost homes, low/ zero-carbon industrial buildings, and much-needed specialist accommodation for the elderly.

Simon Ringer, Partner & Head of Property Funds at Bridges Fund Management, said:
“We are delighted to have closed Fund VI ahead of target, with strong backing from both existing and new institutional investors. Their support – especially at a time of reduced market liquidity – is testament to the strength of our impact-driven investment strategy and track record. Over the past 15 years, we have shown that by investing in areas where there is a favourable relationship between needs-driven occupational demand and restricted market supply, we can deliver competitive financial returns alongside positive social and environmental impact. As demand for sustainable real assets continues to increase among both occupiers and investors – driven by positive regulatory tailwinds – we see compelling opportunities ahead in our specialist niche sectors.”

Fund VI has already completed 10 investments in Bridges’ specialist sectors, including co-living (Cornerstone & Minories, City of London), low-carbon industrial (Torque, Erdington), purpose-built elderly accommodation (Birchgrove) and specialist healthcare (Renaiss Health).

Investors in Fund VI include a diverse group of pension funds, insurers, family offices, and other institutions, such as Fidelity International, Border to Coast Pensions Partnership, the Environment Agency Pension Fund, University College Oxford, South Yorkshire Pensions Authority, East Riding Pension Fund, and Clwyd Pension Fund. Many of these LPs have supported Bridges across multiple funds – a commitment that reflects both confidence in Bridges’ specialist expertise and the growing recognition of sustainable real estate as an attractive and resilient investment opportunity.

Vivian Liu, private markets portfolio manager, Fidelity International, said:
“Our clients are increasingly looking for access to attractive sustainable investment opportunities within private markets. Bridges’ specialist real estate strategy has a proven track record of identifying and executing property investments where sustainability can be a clear driver of value creation – so Bridges Property Alternatives Fund VI was an obvious choice for our portfolio.”

Ian Sandiford, Head of Alternatives, Border to Coast Pensions Partnership, said:
“Building on the significant investment our partnership has made in the UK to date, our commitment to Fund VI enables us to pursue sustainable investment opportunities with attractive growth potential whilst meeting the growing need for housing and healthcare real estate, all on behalf of LGPS Partner Funds. It puts LGPS capital to work supporting the needs of communities and looks set to deliver clear social and economic benefits – an ambition of our UK Opportunities investment strategy. We look to build strong partnerships with our managers and look forward to working closely with Bridges to continue to deliver for the LGPS.”

Scott Anderson, Investment Manager, Environment Agency Pension Fund, said:
“Delivering best-in-class sustainability outcomes alongside strong financial returns is fundamental to EAPF’s investment approach. Bridges’ real estate funds have been a pioneer of this approach in the UK, with a proven ability to identify opportunities to decarbonise the built environment while improving outcomes for the local communities in which these buildings sit. We’re excited to be partnering with the Bridges team for a fourth investment. At this time of unprecedented environmental and nature-related challenges, the importance of expert-led sustainable investment has never been greater.”

Over the last 15 years, Bridges has established a network of expert partners who share its commitment to sustainable value creation. This has been a critical enabler of off-market deal origination, expansion into new areas and best-in-class delivery.

It has also allowed Bridges to continually break new ground on sustainability, including the development of some of the first industrial buildings in the UK designed to be ‘true zero carbon’ in operation. This reflects Bridges’ view that the real estate industry needs to be moving towards ‘true zero buildings’: that is, buildings that are zero carbon emissions throughout their lifecycle, without the use of carbon offsets (See Bridges’ ‘Spectrum of Decarbonisation’ for more details).

Bridges also targets market-leading wellbeing standards, including one of the first WELL Gold standards in Healthcare and a Fitwel 3* in the living sector.

Bridges received legal counsel on the fund formation from Osborne Clarke, a long-standing supporter of Bridges’ work.