NEPI Rockcastle gets green loan for Ploiești Shopping City

Green Forum
Property group NEPI Rockcastle, the largest owner of shopping centres in Romania, has secured a green loan totalling €‎60 million for Ploiești Shopping City from a syndicate of banks. 

The financing comes three months after NEPI Rockcastle acquired a 50% stake in Ploiești Shopping City from its partner in a €55.5 million deal. 

“Green loans reflect our commitment to improving the sustainability of the Group's portfolio and reducing our carbon footprint. As announced, in Romania, the largest market in which NEPI Rockcastle operates, we are in the process of reducing the environmental impact of our portfolio by installing photovoltaic panels, thereby increasing the proportion of renewable energy used,” said Eliza Predoiu, CFO of NEPI Rockcastle. 

The loan deal was led by BRD Groupe Societe Generale, which was joined by Alpha Bank as a new bank for NEPI Rockcastle. The shopping centre was inaugurated in 2012 and has a leasable area of 46,800 sqm.  

In the financing transaction, the property group was advised by law firm Dentons Europe - Zizzi-Caradja și Asociații, while the bank syndicate was advised by CMS Cameron McKenna Nabarro Olswang. 

In Romania, NEPI Rockcastle has a network of 25 shopping centres. 

RECOMMENDED
Wing publishes second ESG report
Real estate

Wing publishes second ESG report

Wing has published its second ESG report, providing information about its environmental, social, and governance efforts, as well as its goals, the measures it has taken and the results it has achieved in 2022. The report has been prepared in accordance with the company's first comprehensive ESG strategy, which will be finalised soon.

Architect Matius Ichim: Lack of education in terms of ESG is the challenge
Real estate

Architect Matius Ichim: "Lack of education in terms of ESG is the challenge"

Lack of education in terms of ESG (environmental, social, and governance) and a poor number of good practice solutions are two of the challenges in the field, says Matius Ichim, Architect at Matius Studio and owner of the retail platform www.prioretail.ro. He talked to Green Forum about the advantages of a sustainably built commercial space. He says that 15-20% of the operating networks in Romania have started implementing ESG key principles in their fit-out design and close to 5% in full sustainable standards.

RECOMMENDED FROM THE HOME PAGE
Environment

EU boosts offshore energy goals

EU countries have updated their goals for the deployment of offshore renewable energy up to 2050 in each of the EU's 5 sea basins, with intermediate objectives to be achieved by 2030 and 2040.

Industry

Tauron expands wind portfolio and cets 2035 goals

Tauron has inaugurated the Gamów wind farm in the Silesian province, its 14th onshore wind farm. Located in the Rudnik commune, the site includes 15 turbines with a total capacity of 33 MW.

Real estate

ABB and WorldGBC unite for green buildings in Europe

ABB's Smart Buildings Division has announced a strategic collaboration with the World Green Building Council's (WorldGBC) European Regional Network (ERN) to accelerate sustainable and energy-efficient building practices across Europe.

READ MORE
Green Forum  |  18 December, 2024 at 7:30 AM
Green Forum  |  18 December, 2024 at 7:19 AM