’s Heeren Loo, market leader in care for people with intellectual disabilities in The Netherlands, will be the first party in its sector to borrow from the European Investment Bank (EIB). In first instance, this will regard a €200 million loan agreement used for s’ Heeren Loo’s medium-term investment plans. The financing will be used for direct investments in new construction of living quarters and daytime activities locations for its clients. The investments will create better care conditions for its residents and will also reduce CO2-emissions of s’ Heeren Loo’s various premises.
Vesteda and the EIB signed a EUR 150-million financing agreement. The loan has a term of 10 to 15 years. Vesteda plans to use the funds in 2021 and 2022 to improve the sustainability of the homes in its existing portfolio and for the acquisition of new residential complexes. Vesteda will also use this financing for homes in the government-regulated rental segment, so it can also offer affordable homes to middle-income households.