Vía Célere, an Iberian housebuilder owned by alternative investment firm Värde Partners, has raised €300m via a green bond issue.
The proceeds will be used, among other things, to fund cash on the firm’s balance sheet and re-finance existing indebtedness, “each in connection with the construction of energy-efficient residential buildings in Vía Célere’s portfolio across Iberia”, Värde Partners said.
Värde Partners said the 5-year bond is the first green bond by a residential real estate developer in the euro market.
Tim Mooney, partner and global head of real estate at Värde Partners, said: “This is an important milestone for Vía Célere and reinforces the company’s commitment to creating more sustainable housing, with greater energy efficiency and reduced carbon footprint.
“Through the lifespan of our investment, we have worked closely with Vía Célere to put in place a robust governance framework, strengthen the management team and enhance the company’s operating model.”
Vía Célere owns residential properties in Spain and has residential land bank assets in key markets across Iberia.
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