New green loan enables Equites to meet its sustainability goal, says CFO Laila Razack
Equites and RMB have concluded the first green loan in the sub-Saharan African real estate sector.
Equites Property Fund has successfully concluded the first green loan in the sub-Saharan African real estate sector, with RMB acting as the sole arranger and sustainability agent for the R225 million green loan.
Equites CFO Laila Razack said sustainability was central to their real estate strategy and they required a green loan to fund the development of two high-specification IFC EDGE (Excellence in Design for Greater Efficiencies) certified green buildings, in an attractive industrial node, Equites Park Meadowview, for key tenants Altron and Digistics.
“Equites has been focused on sustainability for several years, in alignment with our dedication to offer our tenants high-quality logistics assets that support both our tenants’ and our commitment to sustainability,” she explained.
She added that the recognition by RMB of the sustainable build of Equites’ new high-specification properties enables Equites to continue to meet its goal of ensuring all its new properties are certified to internationally recognised green building standards in both South Africa and the UK.