City of London secures £125m green investment
The City of London Corporation has secured a £125m investment from LGIM Real Assets, issued through a green framework.
It will be used to fund a number of major projects, including plans to consolidate three wholesale food markets and relocate the Museum of London.
The financing framework was verified by industry consultant DNV-GL, which independently assesses green bond information and data.
The City of London Corporation has secured a £125m investment from LGIM Real Assets, issued through a green framework.
It will be used to fund a number of major projects, including plans to consolidate three wholesale food markets and relocate the Museum of London.
The financing framework was verified by industry consultant DNV-GL, which independently assesses green bond information and data.
Steve Bolton, investment manager at LGIM Real Assets, said: “This is an excellent opportunity for us to invest our annuity funds into the UK economy, and support the regeneration of key locations in the City and beyond.”
Jeremy Mayhew, chairman of the City Corporation’s finance committee, said: “It is a prudent means of financing our major projects, allowing us to invest with confidence for the future, and to create a legacy for London.”
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