Property developer Globalworth has secured a green loan of €85 million from the IFC, a member of the World Bank, which will be used for the expansion of sustainable projects in Romania.
About 90 percent of the company’s standing commercial portfolio is comprised of environmentally friendly offices.
The loan is funded through IFC’s $2 billion Real Sector Crisis Response Facility, part of IFC's broader $8 billion COVID-19 Fast-Track Financing Facility.
“It is our first green loan since we launched our inaugural green bond back in 2020 and we believe it firmly demonstrates the sustainability of the Globalworth business and the markets in which Globalworth operates,” stated Mihai Zaharia, Head of Investments Romania and Group Capital Markets Director at Globalworth.
Globalworth has 66 standing properties with a gross asset value of €3.2 billion in Romania and Poland.
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