IPUT Real Estate, an Irish property company and the largest owner of offices and logistics assets in Dublin, has established a new €300 million ($334 million) revolving credit facility (RCF) with Wells Fargo Bank N.A.
The RCF includes a €200 million ($223 million) green component, representing the largest green facility in the Irish real estate market, according to IPUT. IPUT has upsized its existing RCF with Wells Fargo by €50 million ($55 million) to €300 million ($334 million).
IPUT also raised an additional €200 million ($223 million) from 11 institutional investors in the U.S. private placement market in early 2020. This private placement consisted of a €75 million ($83 million) tranche, repayable in 2030, and a €125 million ($139 million) tranche, repayable in 2032.
“The long-term winners in real estate will be those who place sustainability and the occupier experience at the center of their investment decisions — attributes we believe ar
