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Cromwell E-REIT clinches €165m revolving credit facility

The REIT can increase the facility up to €250m.

Cromwell European Real Estate Investment Trust (CEREIT) has secured a €165m five-year sustainability-linked revolving credit facility.

In a bourse filing, the REIT’s manager said the facility can be increased up to €250m.

The latest facility secured by the REIT has three sustainability-linked key performance indicators (KPIs), set and measured on an annual basis.

“We have now completed approximately €415 million in sustainability-linked loan facilities over the last two years, in line with our focus on ESG,”  Shane Hagan, the CFO of the REIT’s manager, said.

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