Tristan secures £87m green loan from ICG

ICG Real Estate has provided a £86.8m green loan to Tristan Capital Partners, to finance Reading International Business Park on behalf of Tristan’s EPISO 5 fund.  The senior loan includes financial incentives available for meeting defined sustainability targets at the property, including improvements to energy performance and enhancements to social infrastructure. The deal marks the first time that ICG has written a dedicated green loan for its senior debt programme. Tristan’s EPISO 5 fund bought the 400,000 sq ft office campus in December last year. The property was developed in 2000 as Verizon’s European HQ, and is now let to occupiers including Accenture and Investec. The financing will be used to refurbish the building to deliver Grade A specification and improved amenities. To send feedback, e-mail pui-guan.man@eg.co.uk or tweet @PuiGuanM or @EGPropertyNews