FM newsroom – green loan, Italy. Ardian and Prelios SGR secured a EUR 50 million green loan for two properties in Milan. Both buildings’ ESG and architectural features attracted leading Italian and international tenants and allowed to structure a financing based on the Green Loan Principles.
Ardian, a world-leading private investment house, and Prelios SGR, among the leading Italian real estate and securities SGRs, secured a EUR 50 million green loan with Crédit Agricole Corporate & Investment Bank (Crédit Agricole CIB) Milan Branch for the properties in piazza Fidia 1 and via Roncaglia 12 in Milan. This confirms that Ardian’s Build-to-Green+ strategy, even in a challenging market environment, can deliver positive performance and help stabilise the portfolio – the official announcement informs.
The two buildings have undergone significant redevelopment according to the highest international standards, primarily focusing on well-being and energy efficiency. The exceptional ESG and architectural features of both buildings enabled the optimisation of the management of the assets by leasing them to leading national and international tenants and obtaining financing on favourable terms.
Buildings compliant with the Paris Agreement
‘Primo Building’, the property in Piazza Fidia 1, covers approximately 8,725 sqm of gross leasable area distributed over 11 floors, mainly for office use, and was completely renovated based on a design by architect Stefano Belingardi. The building is one of the few existing buildings classified as NZEB (Nearly Zero Energy Building). It is 34% more efficient than a standard Grade A building with four ESG certifications (LEED Platinum, BREAAM Very Good, WELL Silver, WIREDSCORE Certified), and it already fits the Paris Agreement regarding CO2 emission targets. Today, the building is the Milan headquarters of Satispay.
The building in Via Roncaglia 12, which recently won Urbanfile’s ‘Architecture and Urban Planning Award 2023’, has a surface area of 7,664 sqm on 10 floors, mainly for office use, and was entirely renovated thanks to a project by the Garretti Associati architecture studio. It boasts LEED Platinum and BREAAM Very Good certifications and is already compliant with the Paris Agreement for CO2 emissions. The building is almost entirely rented out to national and international tenants.
Image: blog.urbanfile.org
