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    Reference: 20190153
    Release date: 18 January 2021

    Promoter – Financial Intermediary

    VESTEDA INVESTMENT MANAGEMENT BV

    Location

    Description

    Financing of new highly energy efficient affordable rental housing and comprehensive retrofitting of existing houses by Vesteda undertaken in the Netherlands.

    Objectives

    The operation will contribute to reducing the shortage in the supply of affordable housing in the country's main urban agglomerations and provide housing options for key workers and middle-income households, for instance. The retrofitting of Vesteda's housing units will improve the energy efficiency and reduce the CO2 emissions of Vesteda's portfolio.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 150 million

    Total cost (Approximate amount)

    EUR 413 million

    Environmental aspects

    Compliance with the relevant EU Directives will be verified during appraisal: EU EIA Directive 2011/92/EU, EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. Applicable energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU will also be further assessed during appraisal.

    Procurement

    The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions.

    Status

    Signed - 18/12/2020

    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

    The Netherlands Urban development