Curlew Capital and Barclays have completed a ‘Green Rebadge’ of the existing Barclays facility to a more preferential Green Term Facility.
This facility is aligned to the Barclays Sustainable Finance Framework and consequently a discount has been applied to the Investment Margin.
In a move that demonstrates both parties’ commitment to sustainable development, the £60m Green Term Facility has been provided to support four of Curlew’s PBSA schemes in Coventry, Leeds, Sheffield and Norwich.
Curlew commented that the Barclays initiative demonstrates that tangible returns increasingly would flow from responsible development and asset management.