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Sustainable finance
The US-headquartered manager is among a growing cohort tapping investor demand for ‘green’ debt securities.
The UK insurer has pledged to originate £1bn in sustainable real estate debt by 2025 under its new sustainability framework.
The London-based firm plans to introduce a new real estate lending strategy that will target Europe with a keener focus on sustainability.
A new facility agreed by the two parties includes up to a 10bps margin discount should the borrower hit sustainability targets.
The Taurus 2020-2 UK CMBS deal launched in July marks the first European CMBS deal for five months
The real estate arm of the German insurer recently provided €200m to fund the construction of a low-carbon office complex in the Paris region to be built primarily from wood.
Property debt providers are understandably preoccupied by the pandemic. But it is crucial that progress continues to be made in sustainable finance.
The consultancy used its latest Financing Property presentation to argue the pandemic is putting greater emphasis on sustainability in real estate finance.
After its €200m green loan to Irish property company IPUT, Wells Fargo’s head of UK CRE lending says sustainability has become a core concern for sponsors.
Following its signing of a €45m sustainability-linked loan, the fund manager’s ESG expert argues that such deals should remain high on the industry’s agenda, despite the covid-19 crisis.