PATRIZIA and Mitsui to invest $350m in Kaer.

PATRIZIA, a Germany-based global real assets investment manager, and Mitsui & Co, a Japan-based trading and investment conglomerate, agreed to invest $350m in Kaer, a Singapore-based cooling-as-a-service provider. “This partnership with PATRIZIA and Mitsui through A-SIF is a significant milestone for Kaer and the global Cooling as a Service movement. With this investment, we will accelerate the expansion of our CaaS model into new markets, scale our technology-driven solutions, and help our customers reduce their carbon footprint while lowering costs. As demand for sustainable cooling grows across Asia, we remain committed to pioneering the transition towards a more energy-efficient and decarbonised built environment," Justin Taylor, Kaer CEO.