NEPI Rockcastle has obtained green financing worth 200 million euros, over a period of 5 years, from Erste Group Bank AG and Raiffeisen Bank S.A. The loan, signed in March 2023, falls into the category of green financing, meeting the criteria of a substantial contribution to mitigating climate risks, as both Mega Mall and Promenada Sibiu benefit from sustainable certifications “BREEAM In-Use”, excellent qualification, and certificates from Class A energy performance, according to TheDiplomat.ro.
The new financing will be used to repay the credit lines used for the acquisitions of Forum Gdansk and Copernicus Shopping Center in Poland, completed in December 2022. Following the repayment, the total capacity of these revolving credit facilities of the Group will be restored to 620 of millions of euros.
“Through the new green financing worth 200 million euros, together with other sources of financing and capital of the Group, we have established a diversified and well-balanced capital structure, which will support the pace of growth of our activity. NEPI Rockcastle has adequate and varied resources to finance the current development and investment plans,” said Rüdiger Dany, CEO, NEPI Rockcastle.
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