on SELECTIRENTE (EPA:SELER)
SELECTIRENTE Secures €25 Million Sustainability-Linked Loan for Growth
SELECTIRENTE, a company specialising in high-street retail real estate, announced a new €25 million credit line structured as a Sustainability-Linked Loan (SLL). This initiative supports the company's growth and aligns with its commitment to sustainable real estate. The five-year loan with Crédit Agricole d'Ile-de-France backs SELECTIRENTE's ongoing expansion strategy.
This new financing follows an €80 million SLL from October 2024. It measures financial terms against three criteria: asset adaptation to climate change, reduced energy consumption, and improved energy data collection. This provides SELECTIRENTE with resources to exploit market opportunities, raising liquidity to €60 million.
Dany Abi Azar, CFO, highlighted the loan's role in enhancing investment capacity and fulfilling the company's sustainable growth objectives. The funding aims to boost the quality of SELECTIRENTE’s portfolio and shareholder value.
R. H.
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