DTZ, Kenmore and Forum for the Future are to launch a €750m (£520m) property fund for green buildings.

Sustento will be launched on 10 October at the London Stock Exchange, and will target office buildings across Europe that meet environmental sustainability targets devised by the fund.

The fund will try to anticipate how sustainability legislation will evolve over the next few years and target their acquisitions accordingly. It will focus on issues such as water and energy use and waste produced.

Kenmore will co-invest in the fund and act as asset and development manager. DTZ will act as investment manager and property manager as well as raising capital. Forum for the future, a sustainable development charity, has provided strategic advice.