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.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
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
