Sustainable finance

Measuring the impact of the escalating climate crisis on commercial real estate is becoming imperative but the sector is still learning how to do it.

Vicky Schiff, chief executive of Avrio Management, is on a mission to prove that environmental and social improvements also make for better business, Rob Murray writes.

The lender has introduced a loan framework designed to fund affordable housing in Germany and the Netherlands.

The Eastern European property group has raised debt for offices as part of a €600m financing package.

Velo Capital, the recently formed group’s credit arm, will target financing opportunities including ‘brown-to-green’ schemes.

The Berlin-based firm says its open-ended credit vehicle is one of the first in Germany to be classified as Article 9.

The bridging lender will provide end-of-term rebates to borrowers that achieve improved energy performance certificate ratings.

The manager has worked with third-party advisers to devise a sustainable lending framework.

The European Central Bank wants lenders under its supervision to get a grip on their exposure to the environmental crisis.