EBRD invests €50 million equity in green commercial real estate in central and eastern Europe.
Co-investment with Adventum Penta Fund in Hungary, Poland and the Czech Republic.
The European Bank for Reconstruction and Development (EBRD) is supporting the development of the secondary market for green commercial real estate in central and Eastern Europe (CEE) with an equity investment of up to €50 million, in partnership with Adventum Penta.
The partnership will acquire commercial real-estate assets, which will then undergo upgrades to improve their resource efficiency.
Investments include the greening of the Sky Tower mixed-use building in Poland and the sustainability improvement of a portfolio of Tesco-anchored retail parks in Hungary and the Czech Republic. Potential follow-on investments will also focus on the CEE region.
Sustainability sits at the heart of the EBRD’s investment, as the acquired buildings are required to achieve BREEAM certification with at least a “very good” rating, an equivalent rating from an internationally recognised green certification scheme, or at least a 30 % energy saving. The buildings will also implement a set of sustainability criteria, including green leases and enhanced sustainability management practices.
Source: ebrd.com on the 12th of December 2022
https://www.ebrd.com/news/2022/ebrd-invests-in-cee-green-commercial-real-estate.html