IFC invests €205m to support Romania’s green property sector
The International Finance Corporation is providing a green financing package of about €205 million to Warehouses De Pauw NV, a Belgian real-estate investment trust.
The financing will support construction of around one million square metres of resource-efficient semi-industrial and logistics properties across Romania.
The green financing fits within a larger €750 million financing programme and includes green financing from third-party investors mobilized by IFC under its Managed Co-Lending Portfolio Program and from international commercial banks.
It represents IFC’s first green loan for the property-sector in the Europe and Central Asia region. WDP will implement IFC’s Excellence in Design for Greater Efficiencies certification - which mandates at least 20% savings in energy and water in the buildings and in the energy used to produce the building materials - across its portfolio in Romania.
