Whilst this year has been tricky economically as a result of the pandemic, it appears that the desire for green loans and sustainability linked loans continues to have a meteoric rise. The LMA has updated the Green Loan principles in 2021 for REF facilities as has the LSTA and APLMA to promote best practice. This new Qatari Diar £450m loan is testament to the growth of such loans and is welcomed with open arms by all. Watch this space for further regulation changes to lenders disclosure requirements.
Qatari Diar lands £450m green loan By Jessica NewmanThu 20 May 2021 Qatari Diar has secured a £450m green loan – one of the largest single property asset green loans ever in the UK – to finance the construction of The Chancery Rosewood, its luxury retail and hotel scheme in London’s Grosvenor Square, Property Week can reveal.