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    Reference: 20230406
    Release date: 2 February 2024

    Promoter – Financial Intermediary

    GEWOBA AG WOHNEN UND BAUEN

    Location

    Description

    The project will finance the refurbishment and new construction of social and affordable housing for rent in the Federal City State of Bremen.

    Objectives

    The project is part of the investment programme 2023-2025.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 125 million

    Total cost (Approximate amount)

    EUR 582 million

    Environmental aspects

    Compliance with the relevant EU Directives will be verified during appraisal: EU Environmental impact Assessment (EIA) Directive 2011/92/EU, EU Strategic environmental assessment (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 being subject to EU rules on public procurement or concessions.

    Status

    Approved - 27/06/2024

    Milestone
    Under appraisal
    Approved
    27 June 2024

    Disclaimer

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

    Related tags

    Germany Urban development