Fortress Real Estate Investments has announced the closing of a EUR 57 million 5-year loan facility with ING, for the refinancing of three of the six Fortress logistics parks in Poland and Romania.
According to Fortress, EUR 40 million of the financing is classified as a green investment loan, “as it meets relevant market standards, including BREEAM Official ‘Excellent’ certification, the highest energy efficiency requirements and PV installations in place.” According to Fortress, the remaining EUR 17 million of the loan will be classified as a green loan once BREEAM certification for the Romanian logistics park is completed.
“This is a major success for Fortress as a whole, as it highlights our strategic resilience and commitment to sustainable growth, despite market changes,” said Izabella Wiszniewska-Oraczewska, ESG & Investment Director for Fortress Europe. “A huge thank you to ING Poland, ING Romania, and ING Nederland for their trust and partnership in this transaction. Securing financing in today’s market is no small feat, and this success is a testament to our team’s dedication to delivering high-quality, sustainable logistics assets.”