Hines has secured the first green loan for its Hines Pan-European Core Fund.
The company has agreed the dual-tranche loan with the German arm of ING. €40m (£35.5m) will be used to finance its Werfthaus office building in Frankfurt, while a further £32m is tied to an urban logistics park let to Dnata close to London’s Heathrow airport.
Hines said both assets boast above-average energy performance.
Simone Pozzato, deputy fund manager for the HECF at Hines, said: “The fund’s investment strategy has always been clearly focused on making responsible and sustainable investments. However, this green loan facility gives us the capacity to deliver our investors’ ambitions of growing our portfolio of future-proofed assets where value and returns are aligned with environmental performance.”
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