Windmill Developments and Epic Investment Services Complete First Round of One Planet Living Real Estate Fund LP 1

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The revolutionary new fund will provide capital to create a pipeline of Canadian communities that prioritize environmental, social and business financial returns.

TORONTO, July 20, 2021 / CNW / – Windmill Developments (“Windmill”) and Epic Investment Services (“Epic”) Announce Completion of First Round of Funding for One Planet Living Real Estate Fund (“The Fund”) with Equity Commitments from institutions and private investor companies. The Fund is the first Canadian private opportunistic mixed-use real estate development impact fund designed to accelerate the implementation of the principles of impact investing in real estate while generating market returns for investors. The Fund will provide capital only to a pipeline of One Planet Living projects in Canada, with an initial focus on Ontario.

Epic Investment Services, a North American real estate platform (CNW Group / Epic Investment Services)

With over $ 30 billion in real estate development in 20 countries over the past 16 years, One Planet Living communities around the world have proven that real estate can have an impact, empowering people to live happy and healthy lives within the limits of the country’s capabilities. planet, while offering attractive returns for investors. The One Planet Living framework predates recent investor trends to prioritize investments with environmental, social and governance (ESG) factors.

By launching The Fund, Windmill and Epic aim to popularize the adoption of the One Planet Living framework through Canada and North America. With a deep and growing pipeline in place, the Fund aims to bridge the gap between financial returns and demonstrable impact.

“The closing of the first round of the Fund is an exciting step towards a real estate paradigm shift by developing land that provides benefits to the community and has a positive impact on people and the planet,” said Jonathan westeinde, CEO, Windmill Developments. “The Fund was designed as a way to raise responsible capital specifically for communities that will restore and regenerate human and environmental systems. As an industry, we know we need to change the way we build. Aligning capital with impact goals early in a development is a powerful tool in building momentum toward that goal. “

All the developments that will be supported by the Fund will be anchored in the One Planet Living framework. The framework measures 10 impact zones that represent everything from integrated community engagement to water and sustainable materials; zero carbon strategies for urban food production; affordability to impact local economies. All results are third-party verified by Bioregional, the UK non-profit organization that developed and governs the One Planet Living framework, to ensure accountability and transparency of the results achieved. To date, only two communities of Canada have already received official approval from One Planet Living, Zibi in Ottawa and Baker District at Guelph. Windmill Developments and sister organization Urban Equation have developed the action plans for the two planned developments and hope to accelerate adoption of the framework through Canada via the Fund.

Developed 18 years ago, One Planet Living recognizes that issues such as sustainability, equity, climate change and food security are all interrelated and must be addressed together in the search for solutions. The framework has helped inform the United Nations Sustainable Development Goals (UNSDG) for land transformation.

“We are delighted to partner with Windmill and raise the profile of responsible real estate investing within Canada, “said Laetitia Pacaud, COO, CFO, Epic Investment Services. “The real estate sector has a responsibility towards our communities and the environment and this fund is a shift towards the creation of a better built environment. In the current climate, our way of life and what could be important two years ago compared to now has changed the real estate industry must recognize that now is the time to act.The Fund offers a holistic approach to maximize investor returns while simultaneously advancing broader social and environmental goals.

The Fund will focus on three real estate sectors to maximize impact: partnerships with impact-driven urban landowners, including municipalities, non-profit organizations, churches and CSR-focused landlords; provide in-depth building renovations; and large-scale, mixed-use communities that target carbon neutral and socially progressive outcomes, including affordable housing. Windmill and Epic will target new and modernization projects that prioritize each of the 10 principles of the framework. The first list of projects includes 6 to 10 development and renewal sites in Ottawa and the GTA, with the intention of continuing nationwide developments in future funds.

Since its inception, Windmill has focused solely on the development of high impact projects, including the first LEED Platinum communities and mixed-use buildings in Canada, as well as the first One Planet Living communities in Canada. Epic has a long-standing reputation for unlocking opportunities to create value, from transaction research to disposal, while integrating ESG principles into all operations and investment strategies. The resulting partnership is an execution and management team with unparalleled experience in applying the principles and practices of impact investing to real estate.

A second capital increase is expected to take place at the end of 2021. For more information, visit oplrealestatefund.com.

ABOUT WINDMILL DEVELOPMENTS
Windmill Development Group (“Windmill”) is a visionary company dedicated to transforming conventional development practices using a triple bottom line approach to projects, ensuring strong ecological, social and financial returns. Everything Windmill does is designed, engineered and built to protect and enhance the local community and its ecosystems. They harness innovations in land use, water, air, energy, design, waste management and smart building technologies to create healthy and efficient green buildings and communities.

ABOUT EPIC INVESTMENT SERVICES
Epic Investment Services, which includes its wholly owned subsidiary MDC Realty Advisors in United States, is a fully integrated North American real estate platform. Based at Toronto, Canada, and operating from offices in Canada and United States, Epic has finished $ 17.5 billion in assets under management. Epic’s portfolio includes more than 30 million square feet of multi-family office, commercial, industrial and residential buildings.

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