Unifore Property Finance advised Triodos Vastgoedfonds in attracting € 56 million credit facility. Purpose of the loan is to refinance the existing real estate portfolio and to finance the acquisition of a 6,800 sqm office located at the Naritaweg in Amsterdam.
The credit facility, which has an advance rate of 46%, has been provided by ING Bank, Triodos Bank and Triodos Groenfonds. ING Bank is also facility and security agent. Via the credit facility Triodos Vastgoedfonds reduces its average cost of debt from 3.1% to 2.6%.
Legal advice to Triodos Vastgoedfonds was provided by Bond Advocaten.
Triodos Vastgoedfonds was established in 2004 and is the first CO2 neutral listed Dutch office fund. The fund invests exclusively in sustainably built or sustainably managed offices or monuments.
Unifore Property Finance
Unifore Property Finance provides services in the area of real estate lending. Unifore provides its clients with access to the best financing solutions from traditional and non-traditional funding sources. Since inception Unifore has arranged in excess of € 1.5 bn financing transactions.
For more information, please contact Maarten Arnoldy at email@example.com or on +31 6 5353 8770