Pan-European logistics real estate investor Tritax EuroBox’s recent maiden EUR500 million green bond issuance slashed its cost of debt and was over six-times oversubscribed, securing the lowest coupon ever for a BBB-debut real estate issuer in euros.
ESG & Responsible Investing
Capitalica Asset Management (Capitalica), a real estate investment management firm, has launched Capitalica Green Logistics Fund (Fund), which intends to invest in already built and stable income-generating sustainable and ESG compliant logistics properties in the Baltic region.
SCOR Investment Partners, the asset management arm of the reinsurer SCOR, has published a sustainable investment charter for its SCOR Real Estate Loans IV fund.
Alex Spilger, a sustainability leader in the commercial real estate industry, has been named Head of ESG at global real estate investment company Kennedy Wilson.
Allianz Real Estate, acting on behalf of several Allianz Group companies, has granted 78 per cent of a EUR185 million loan alongside BNP Paribas Real Estate to Icawood for a complete restructuring operation located in the 18th arrondissement of Paris.
Global sustainability assessment standard BREEAM accepted under Fannie Mae’s Green Financing programme
Sustainability assessment method BREEAM's Residential Plus assessment programme for existing developments has been approved by national mortgage association Fannie Mae under its Green Financing programme.
PGIM Real Estate has committed to reduce the operational carbon emissions of its global portfolio of managed properties to net zero by 2050.
Legal & General Capital (LGC), Legal & General Group’s alternative asset platform, has appointed John Alker as its new Head of Sustainability.
Allianz Real Estate targets 25 per cent reduction in global carbon emissions by 2025 en route to carbon net-zero
Allianz Real Estate is targeting a reduction in carbon emissions from its global portfolio of 25 per cent by 2025. The decrease is part of the firm’s wide-ranging and extensive global sustainability program initiated in 2019 and supports Allianz Real Estate’s overall aim to be carbon net-zero by 2050.
Global construction contractor Multiplex has launched One Decade to Act, a pathway that sets out the actions it will undertake between now and 2030 to help its European operations achieve net zero carbon by 2050, including supply chain emissions.