- EBRD loan for commercial buildings in Kyiv and Kharkiv
- Support for Dragon Capital’s real estate portfolio and its commitment to sustainability
- Bank committed €2 billion to Ukraine’s economy over past two years
The European Bank for Reconstruction and Development (EBRD) is supporting the development of low-emission sustainable property by providing financing to the real estate portfolio of Ukraine’s investment company Dragon Capital.
The Bank is extending a US$ 12.5 million loan for the refurbishment of an office building in Kyiv with 9,000 square metre gross lettable area (GLA) and the acquisition of two warehouses located in Kyiv and Kharkiv with a total GLA of 26,000 square metres.
Supported by the EBRD’s expertise, Dragon Capital aims to retain the “Very Good” rating level of the Kyiv office building under BREEAM, the world's leading method of assessing, rating, and certifying the sustainability of buildings.
In addition, in an innovative approach for Ukraine, tenants will be asked to sign green lease agreements which will require them to minimise the environmental footprint.
Sustainability is at the heart of EBRD investment. Already at the forefront of climate and environmental action, the Bank is aiming to devote over 50 per cent of its annual investments to the green economy by 2025.
Ukraine is a top three investment destination for the EBRD. In the past two years alone, the Bank has committed €2 billion to the economy. The investments are combined with support for policies that promote the fight against corruption, good governance of state-owned enterprises, structural reforms and a more transparent business environment.