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CEE REGION EUR 85 mln green loan for Globalworth

Green projects
Romanian developer Globalworth has been granted an EUR 85 mln loan from the International Finance Corporation, which is a member of the World Bank Group.

The loan, which is to run for a period of six years, has been issued by the IFC to Globalworth Holdings Cyprus Limited, with Globalworth acting as the parent company guarantor. According to its terms, the loan or an equivalent amount will be allocated to eligible commercial property projects in Romania that contribute to climate change mitigation, in line with the company’s green loan framework. This will allow the company to sustain operations, deliver investment projects, and launch new green projects. The IFC assisted Globalworth in developing its green loan framework.

We are delighted, through this Loan, to be extending our collaboration with the IFC. This is our first green loan since we launched our inaugural green bond back in 2020 and we believe it firmly demonstrates the sustainability of the Globalworth business and the markets in which we operate.
Mihai Zaharia, the head of investment in Romania and the group capital markets director at Globalworth

About 90 pct of Globalworth’s portfolio, which is spread across Romania and Poland. comprises environmentally-friendly properties, according to the company.

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