The REIT says that net proceeds from the green notes have been earmarked to fund the initial transformative stage of Project RE:O, the construction of its Berlin Campus from a single-let office building into a multi-asset destination with office, hospitality and retail components.
IREIT Global has announced the placement of its inaugural $85 million green notes, which will be used to fund the transformation of its Berlin Campus into a mixed-used asset.
The green notes have been priced at 6% and due in 2028. It is issued under its US$1 billion multicurrency debt issuance programme which was established in May 2022.
