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    Reference: 20150765
    Release date: 17 March 2016

    Promoter – Financial Intermediary

    GEWOBAG WOHNUNGSBAU-AG BERLIN

    Location

    Description

    Financing of an investment programme of retrofitting and new construction of rented social housing in 2015-2020 by GEWOBAG, one of Berlin's housing companies which owns and manages some 58,000 units. The operation also includes a small share of refugee/asylum seeker accommodation.

    Objectives

    Rehabilitation and construction of urban and social infrastructure and provision of refugee accommodation in Berlin. The housing investments will need to satisfy the applicable EIB eligibility criteria for urban renewal and sustainable communities as well as for the financing of refugee accommodation.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 250 million

    Total cost (Approximate amount)

    EUR 473 million

    Environmental aspects

    Compliance with the relevant EU directives will be verified during appraisal: Environmental Impact Assessment (EIA) Directive 2011/92/EU, Strategic Environmental Assessment (SEA) Directive 2001/42/EC, Habitats Directive 92/43/EEC and Birds Directive 2009/147/EC. The status of any environmental studies and public consultations related to the urban renewal, upgrading and construction investments will be reviewed during project appraisal. Energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed during project appraisal.

    Procurement

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC or 2014/24/EU where applicable, and/or 2004/17/EC or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, as well as Directives 89/665/EEC and 92/13/EEC), as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Signed - 26/08/2016

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Germany Urban development