Eugenia Jimenez
The pricing of the US manager’s latest debt facility is tied to performance measures, including its success in making its portfolio company boards more diverse.
Panellists at PERE’s Debt & Financing Forum said linking debt pricing to pre-agreed sustainability targets can encourage borrowers to stick to business plans.
The consultancy used its latest Financing Property presentation to argue the pandemic is putting greater emphasis on sustainability in real estate finance.
Hines, which recently acquired a green apartment portfolio in Denmark, sees ESG investing as a form of ‘future-proofing’ during times of crisis.