NEPI Rockcastle has signed a €250 million green term loan facility with the European Bank for Reconstruction and Development (EBRD). The facility is senior unsecured, matures in 2034, and is fully committed and available for drawdown until the end of March 2027. It is dedicated entirely to green investment across the company's Central and Eastern European (CEE) portfolio.
In line with NEPI Rockcastle's Green Finance Framework, an amount equal to the net proceeds will be directed to eligible green projects that raise the environmental performance of the company's property portfolio and advance its climate transition objectives. The framework is aligned with the ICMA Green Bond Principles and the LMA Green Loan Principles. Eligible projects must achieve recognised green building certification or deliver measurable improvements in low-carbon installations and energy performance.
The facility complements NEPI Rockcastle's existing bond and bank financing, diversifying funding sources, extending the maturity profile and strengthening liquidity. The transaction also underpins a multi-year training programme reaching more than 300 employees, building capabilities in digital skills, artificial intelligence, cybersecurity and environmental management.
"This is long-term capital with a clear purpose. It strengthens our funding base and accelerates a green investment programme that is already well underway, and it reflects the confidence we have in our own strategy," said Eliza Predoiu, Chief Financial Officer of NEPI Rockcastle. "As we build and manage the next generation of retail destinations across Central and Eastern Europe, in markets growing faster than most of Europe, this is the kind of foundation that lets us keep raising the bar."
Dentons advised NEPI Rockcastle on the transaction. NEPI Rockcastle holds a €8.2 billion portfolio across eight CEE countries, comprising 60 properties.
