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    Reference: 20190884
    Release date: 11 January 2021

    Promoter – Financial Intermediary

    DAWONIA REAL ESTATE GMBH & CO KG

    Location

    Description

    Financing of the Promoter's investment into highly energy efficient new buildings and social housing mainly located in Bavaria, Germany.

    Objectives

    Financing of the Promoter's investment into nearly zero-energy buildings (NZEBs) and social housing mainly located in Bavaria, Germany.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    EUR 338 million

    Environmental aspects

    This operation intends to bring environmental benefits by supporting investments in energy efficient new residential buildings and building renovation that will result in a decrease of the total energy consumption and an increase the use of renewable energies and thus help to mitigate climate change. Given the scale, location and nature of the individual schemes in built-up urban areas, environmental impact assessments (EIAs), as defined under the EIA Directive 2014/52/EU amending 2011/92/EU, will generally not be required. The Bank will assess the Promoter's capacity and procedures to ensure compliance with national and European regulations.

    Procurement

    The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation, then the Bank would require the Promoter to ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation.

    Status

    Signed - 16/12/2020

    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

    Germany Services