Heimstaden Bostad, through its subsidiaries Heimstaden Czech s.r.o and Heimstaden Czech Pilsen s.r.o, has secured a sustainability-linked bank financing of €700 million.
UniCredit Bank Czech Republic and Slovakia, acting as mandated lead arranger and sustainability coordinator, has alongside Ceska Sporitelna, Ceskoslovenska obchodni banka, European Bank for Reconstruction and Development (EBRD), Intesa Sanpaolo, Komercni banka, Raiffeisenbank, and Vseobecna uverova banka provided financing for the project.
Heimstaden Bostad said the funds will be used for liability management and to support sustainability investments such as thermal insulation, installation of heat pumps, and renewable fuel shift in Heimstaden Bostad’s Czech residential properties.
CEO Helge Krogsbøl comments: “We are pleased to announce our cooperation with EBRD, UniCredit, and the Czech banking consortium. These funds strengthen our balance sheet and will enhance the sustainability of our Czech portfolio. Heimstaden Bostad was the first major European residential real estate company to attain Science Based Targets initiative (SBTi) validation for our Climate Roadmap, with our Czech portfolio offering the highest potential for reducing CO2 emissions.”
Click here to receive CRE Herald’s weekly newsletter, news alerts and insights!
