IPUT announces largest green Revolving Credit Facility in the Irish real estate market

  • Upsized €300m RCF incorporates a €200m green component
  • Green facility will finance 600,000 sq. ft. office development at Wilton Park
  • Builds on IPUT’s commitment to UN Principles for Responsible Investment
  • IPUT also raises €200m through inaugural US private placement

IPUT Real Estate (‘IPUT’), Ireland’s leading property company and the largest owner of offices and logistics assets in Dublin, announces a new and upsized €300 million revolving credit facility (‘RCF’) with Wells Fargo Bank N.A. In line with IPUT’s corporate values and commitment to responsible investment, the RCF includes a €200 million green component, representing the largest green facility in the Irish real estate market. IPUT also raised an additional €200 million in the US Private Placement market in early 2020. As a result of these transactions the weighted average maturity of IPUT’s debt has increased from 3 years to 7.5 years with an extremely low LTV of 7%.

Read the full press release now at the link below 

Supporting documents

Click link to download and view these files