Stoneweg Europe subsidiary newly secures five-year green loan

The fund will be used for the development of Haagse Poort in the Netherlands.

Stoneweg Europe Stapled Trust (SERT) has announced that its indirectly owned subsidiary,  Yova Haagse Poort B.V., has secured a green development loan for an aggregate amount of $75.132m (€50m).

The loan facility has a term of five years, and it is intended primarily to fund the major redevelopment and upgrade of Haagse Poort, SERT’s largest asset in The Hague, the Netherlands.

According to SERT, the facility was arranged by ING Bank N.V., which will also act as facility agent, security agent, and green loan advisor.

It is secured by customary security over Haagse Poort and related assets and is provided on
customary market terms. It has been structured in alignment with the green loan principles, supporting SERT’s sustainability strategy and the repositioning of Haagse Poort as a high-quality, energy-efficient office asset.

$1 = €0.67