DARMSTADT SOCIAL AND AFFORDABLE HOUSING

Promoter – Financial Intermediary

BAUVEREIN AG

Location

• Germany

Description

The project consists of the construction of new social and affordable housing for rent as well as building refurbishments in the city of Darmstadt, Germany.

Objectives

The aim of the investments to be financed by the Bank is to increase the supply of social and affordable housing for low and medium income households in the city of Darmstadt, Germany. The investments will also contribute to urban regeneration and renewal. Part of the investment programme will improve energy efficiency in the existing housing stock, reducing the buildings' CO2 footprint.

Sector(s)

• Urban development - Construction

Proposed EIB finance (Approximate amount)

EUR 160 million

Total cost (Approximate amount)

EUR 530 million

Environmental aspects

National environmental legislation has been harmonised in line with the relevant EU Directives 2011/92/EU Directive (EIA) and 2001/42/EC (SEA). The Bank's appraisal will focus on the Promoter's environmental management capacity to properly apply the EU SEA Directive 2001/42/EC, the EU EIA Directive 2011/92/EU, as well as the requirements of the EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC, where appropriate. The applicable energy efficiency requirements in line with the EU Directive on the Energy Performance of Buildings 2010/31/EU, as well as the status of any environmental studies and public consultations related to the housing investments will also be reviewed during project appraisal.

Procurement

Based on the information available to the Bank, the Promoter is a private company not subject to EU rules on public procurement or concessions.

Status

Under appraisal - 3/03/2022