HypoVereinsbank is financing the Magdeburg housing project Quartier an der Elbe with a green real estate loan from BMO. The asset manager acquired the residential project near the Elbe and the city center last year [wir berichteten].
.
<!–
–>
HypoVereinsbank is financing the acquisition of the Magdeburg residential construction project “Quartier an der Elbe” by the investment company BMO Real Estate Partners GmbH for a special fund with a “Real Estate Green Loan”. The financing totaling 15 million euros with a term of ten years also includes a KfW loan for energy-efficient construction. Due to the subsidized construction, the repayment amount is reduced to 13.1 million euros. The total investment volume for the new building project with 99 residential units, a rental area of around 8,800 m² and 116 underground parking spaces amounts to 33.8 million euros.
“With the green financing from HypoVereinsbank and the KfW loan for energy-efficient construction, we are once again underlining our great commitment to sustainability. By building the “Quarter on the Elbe” in accordance with the KfW 55 standard, we are making a contribution to climate protection and the use of clean energy, “says Iris Schöberl, Managing Director Germany and Head of Institutional Clients at BMO Real Estate Partners Germany ( BMO REP Germany). “We are pleased to have a sustainable financing partner in HypoVereinsbank who recognizes our commitment in this area.”
“Sustainability is part of our DNA. Sustainable loans are increasingly becoming an integral part of modern real estate financing. With this instrument, we help our real estate customers to achieve their sustainability goals, ”says Christian Federspieler, Head of Commercial Real Estate Finance at HypoVereinsbank. “The quarter on the Elbe in direct Elbe location shows the growing importance of sustainability in residential construction as a showcase residential project.”
With its “Real Estate Green Loan”, HypoVereinsbank links the granting of loans to certain property criteria to save energy. For example, residential buildings may not have a primary energy requirement of 75 kWh per square meter. In addition, the bank advises property developers and project developers on the sustainability of a property as well as compliance with legal and regulatory requirements such as the currently valid EU taxonomy – factors that are also becoming increasingly important for investment decisions by investors and funds.
– .
