German lender Berlin Hyp is providing a five-year loan of €52.3 mln to EPISO 5, a fund managed by Tristan Capital Partners, as an investment loan for an office portfolio in Brussels.
Approximately €9 mln of the loan amount will be made available as a green loan – in the form of a transformation loan - to be used for the implementation of energy efficiency measures.
The financing will be used for three office buildings in Brussels that are situated close together in a central location on Boulevard du Régent, not far from the Parliament building and Brussels Central Station.
The three properties have a total rental area of 16,700 m2. The biggest tenants include the European Free Trade Association (EFTA), the Embassy of Slovenia and the law firm of Latham & Watkins.
A range of energy modernisation measures are planned for the buildings, which are expected to be issued either Excellent or Very Good BREEAM energy performance ratings after the measures are completed. This loan will be eligible for a green Pfandbrief.
