The credit facility was granted on 50-50 basis by the two lenders and is secured by a LEED GOLD certified asset, located in Milan Piazza San Babila, in the heart of the city center.
The asset is a prime mixeduse office and retail complex with a total gross leasable area of ca 21.300 sqm which was refurbished in 2019. The refurbishment enabled it to reach the highest qualitative standards both in terms of technical features and energetic efficiency.
Since 2007, ING finances projects that accelerate their clients’ transition towards a more sustainable business model. The transaction perfectly fits the bank’s sustainability strategy. ING’s attention for sustainability and green economy at global level is confirmed also by the “Earth Project” that the Group has launched in 2018, setting the aim to orient its ca. EUR 600 billion loan portfolio towards keeping global warming “well below 2°C” as set in the Paris Agreement