CBRE Global Investors has struck a sustainability-linked funding line with ABN Amro for one of its logistics-focused funds.
The revolving credit facility is set at an initial €45m (£40m) but can be expanded by €15m, and is secured against properties in the CBRE European Industrial Fund.
The interest rate on the loan will rise or fall depending on whether the fund meets certain targets linked to its ESG strategy and the United Nations’ Sustainable Development Goals.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
