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Hines Obtains a €50 Million Green Loan From CaixaBank for Preciados 13

The investment firm Hines has signed a 50 million euro green loan with CaixaBank to finance its commercial and hotel project on Calle Preciados 13 in Madrid.

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The investment firm Hines, on behalf of Bayerische Versorgungskammer (BVK), the largest German pension fund, has obtained a green loan of 50 million euros to finance the Preciados 13 project in Madrid.

Specifically, Hines has signed a loan agreement classified as “green” amounting to 50 million euros with CaixaBank. The facility has a duration of 6 years; meets the social and environmental impact requirements set out by the Green Loan Principles issued by the Loan Market Association; and complies with Hines’s ESG strategy.

Read the full article in Spanish.

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