The Azora Group has invested an undisclosed sum to buy a 33% stake in ISFA, a company dedicated to the development and management of sustainable agricultural projects. According to an Azora statement, the investment in the agricultural project management firm, also known as Iberian Smart Financial Agro, is part of its plan to expand investment in sectors and companies that “contribute to the decarbonisation of real assets and the mitigation of climate change”.
Spanish investment manager Azora, which was founded in 2003, has been investing in assets like housing, hotels, offices, logistics and renewable energy, and manages close to €6.5bn of assets under management in Europe and the US.
Concha Osácar, a founding partner of Azora, said: “With the acquisition of this important stake in ISFA, we are advancing our strategy of investing in companies that promote decarbonisation. At Azora we believe the fight against climate change is a responsibility that we must all prioritise as a society, which is why we are making this strategic commitment. We are convinced that this sector is key for the future and will develop significantly in the coming years.”