IFC Helps Boost Access To Green Logistics Infrastructure In Bulgaria And Romania
Business
IFC's financing package to Lion's Head Investments comprises a senior loan of €45 million, €65 million from IFC as the implementing entity for the Managed Co-lending Portfolio Program and a convertible loan of €40 million.
The proceeds will help the company build new infrastructure in the green logistics and light industrial market in Bulgaria and Romania, increase its energy efficiency, and improve its current office assets in Romania.
All IFC loans are sustainability-linked, tied to the company receiving the EDGE (Excellence in Design for Greater Efficiencies) advanced certification for its logistics assets. The IFC-led global green building certification system focuses on making buildings more resource-efficient.
Lion's Head Investments is a joint venture between Old Mutual Property, part of Old Mutual Limited, a South African financial conglomerate, and AG Capital, a leading regional real estate group.