Mitiska REIM, an investor in European convenience real estate, has secured €110 million in green loan financing agreements with KBC Bank.
This is in several transactions, including €58 million to refinance Malinas retail park and a further €42 million to fund acquisition opportunities in the Netherlands.
These green loans distinguish themselves from conventional loans by including climate risk elements in the financing frameworks, with the availability of financing now clearly linked to factors such as minimum BREEAM scores, CRREM decarbonisation pathways, restriction to build in high-flood risk areas and reporting of energy consumption data.
