Aviva Investors has completed a £72.9m ($100m) sustainable transition loan agreement with Commercial Estates Group (CEG), a property investment management and development company.
The senior debt facility is provided over seven-year fixed- and floating-rate tranches and is structured with key performance indicators linked to sustainability improvements on assets in the portfolio.
CEG will benefit from a margin reduction for delivering specific targets which will be assessed annually throughout the life of the facility.
The loan will be used to refinance a portfolio of six regional office assets.
Channels:Deals
Companies:Aviva Investors
