Global real estate investment manager LaSalle Investment Management said on Wednesday that its debt investment platform has expanded its senior-secured debt strategies to include a dedicated sustainable lending focus.
In the last year, the platform has provided over €350 mln of green loans across Europe.
LaSalle Debt Investments has grown its capacity to support borrowers in retrofitting existing assets to improve their energy performance and fund the construction of the next generation of energy-efficient buildings across the UK and continental Europe.
Recent green loan activity includes a £148 mln senior facility to support the construction of a PBSA scheme in central London, a £115 mln development facility to support a multi-asset regional UK PBSA portfolio, and a €40 mln mezzanine facility to support the retrofit of a Berlin office asset. LaSalle works with third party ESG advisors to create a green lending framework that aligns with the Loan Market Association’s green loan principles.
Richard Craddock, managing director, leading LaSalle’s senior-secured debt strategies, said: ‘As the drive towards Net Zero Carbon accelerates, we continue to support our European borrowers to deliver high-quality, sustainable accommodation across sectors. Demand for loans to finance green refurbishments and the construction of energy-efficient developments will likely increase as the need to decarbonise gathers further momentum. By adding a dedicated green loan focus to our existing senior-secured strategies, LaSalle is able to provide a crucial source of capital to help reduce European real estate’s carbon footprint.’
LaSalle Debt Investments has over €1.5 bn lending capacity in Europe across its credit strategies, which include senior loans, whole loans, mezzanine, and development finance. It forms part of LaSalle’s pan-European Debt & Value-Add Strategies division, which provides debt and equity capital solutions across European markets and sectors.
