Baden-Württemberg
Berlin Hyp is providing GESOBAU AG with financing totalling € 170 million for two residential building complexes in Berlin-Reinickendorf. The building complexes with an area of around 174,000 m² consist of up to 17 storeys with a total of 2,605 residential units and 34 commercial units.
The buildings’ energetic standard is of high quality with a very low CO2 footprint compared to other objects within this asset class. The loan was structured as a green loan. As a municipal housing company in the state of Berlin, GESOBAU AG is also making an important contribution to the provision of affordable housing.
The properties therefore fulfil the criteria of both Berlin Hyp's Green Bond and Social Bond frameworks.