AAREAL BANK


Locations: DEUTSCHLAND, WIESBADEN, HAMBURG, NAMEN

Pro-invest Group recipient of Aareal Bank’s largest green hotel portfolio loan in Asia-Pacific

Retrieved on: 
Wednesday, April 10, 2024

Aareal Bank announced the first ever green loan governed by its Green Finance Framework in July 2021 with the financing of Pro-invest's Holiday Inn Express Macquarie Park in Sydney.

Key Points: 
  • Aareal Bank announced the first ever green loan governed by its Green Finance Framework in July 2021 with the financing of Pro-invest's Holiday Inn Express Macquarie Park in Sydney.
  • Approximately two and a half years later, following a strategic refinancing initiative of Pro-invest Group’s Fund I portfolio, a total of five hotels within this funding forms Aareal Bank’s largest green loan for a hotel portfolio in the APAC region.
  • Aareal Bank acted as the arranger and sole lender in the financing of this hotel portfolio.
  • The success of this green financing initiative has been supported by rigorous assessments and advisories, with Sustainalytics providing a Second Party Opinion (SPO) confirming the alignment of Aareal Bank’s Green Finance Framework with the Green Loan Principles 2023.