First green loan for Retail Estates
20/03/2025

Retail Estates has finalized its first green loan with ING Belgium acting as coordinator. The funds will be used to improve the energy efficiency of buildings by adding roof insulation and double glazing, and to generate local renewable electricity by installing solar panels.

Retail Estates’ CFO Kara De Smet: “We have been committed to improving the energy performance of our properties for years. With this green loan, Retail Estates incorporates sustainability in its funding strategy. Another milestone in realizing our green ambitions.”

Retail Estates takes sustainability seriously: in the previous financial year 2023-2024 it invested 14% of its EPRA result or € 12.5 million euro on energy optimization of the outer shell of our buildings and renewable energy.

Read more in the sustainability section of the annual report.