WINNER
"Direct investment in assisted living for senior citizens with a clear goal to meet future demand,” judge’s comment

Country |
France |
Overall AUM |
€88,600m |
AG2R La Mondiale’s recent alternative activity focuses on its aging well concept in response to France’s ageing population. As such it is the majority shareholder (67%) of Ægide-Domitys, France's leading provider of serviced residences for the elderly. This stake is 67% and accounts for a 21% market share. The organisation aims to open around 20 new residences per year, with 300 residences in operation by 2030.
Ægide-Domitys houses 17,300 people in 168 residences, which act as a bridge between the family home and nursing home. These residences prioritise comfortable living at the heart of major cities, with cultural and community activities and 24-hour support staff. The investment has provided €400 million (£344 million) in additional revenue to AG2R La Mondiale, diversifying its real estate policy while providing returns and social impact.
STRATEGIC TAKEAWAYS
➤ Focus on assets and strategy to support aging population in France |
➤ Lead investor in specialist serviced residences for the elderly |
WINNER
"The Church Commissioners for England’s recent investment activity shows adaptation to changing real estate trends, especially social housing," judge’s comment

Country |
United Kingdom |
The Church Commissioners For England are the largest investor in The Social Supported Housing Fund (SoHo), which creates purpose-designed housing for people with lifetime care needs in a small-scale community setting. SoHo is, in turn, the largest private funder of this type of new-build housing in the UK.
SoHo’s assets are 10- to 22-unit apartments that are purpose-designed, typically including a care-provider office, communal areas, wider corridors and doorways, accessible bathrooms, elevators and block-walls.
The investments in SoHo diversify from the Commissioners’ traditional institutional real estate investments, which are suitable to larger-scale projects. The project enables institutional capital to be invested at scale but for specialist impact that would otherwise have been difficult to access.
➤ Largest investor in specialist social housing fund, SoHo |
➤ Project focus on lifetime care needs in a small-scale community setting |
HIGHLY COMMENDED

Country |
Canada |
Overall AUM |
€93,294m |
Annual performance |
-6.90% |
Oxford Properties (Oxford) is a thematic investor that aims to build, buy and grow defined real estate businesses with world-class management teams, while generating a 20-year average return greater than 10%. Its global team delivered CAD3.1bn (€2.1bn) in revenue in 2023, exceeding its net operating income target by 27%. Its ability to develop, lease and asset manage properties kept Oxford resilient in a difficult real estate market amid rapidly rising interest rates.
Judged by
Edward Barker
David Dix
Casper Hammerich
Sara Rutledge
Sponsored by
