The London Fund Finance team advised Clarion Partners Europe on a €240 million NAV financing facility agreement with NatWest for one of Clarion Partners Europe’s co-mingled funds, which reports under Article 8 of the SFDR. It represents the first transaction between the two parties, and incorporates green loan provisions in alignment with the LMA Green Loan Principles. The proceeds will be used, amongst other things, to fund Clarion Partners Europe’s green initiatives, including refinancing existing assets; green capex initiatives and the acquisition of assets that meet, or are targeting, certain building energy certifications.
Clarion Partners is a leading global real estate investment firm with over $74bn AUM and 1,500 assets. Clarion has multiple investment strategies (both equity and debt) and works across the full spectrum of CRE investing and across real estate sectors. Clarion Partners, LLC and Clarion Partners Europe collectively manage a 1,000+ industrial property portfolio in the U.S. and Europe consisting of more than 254 million square feet.
The Goodwin team was led by Ed Saunders and included Carl Windrup, Renata Stephens, Rameez Satenay-West, Elie-Raphaël Soudry, Olha Polishuk, Adrien Paturaud, François Scheffer, Charlotte Haywood, Matthew Rees, and Bibek Pandey.
For more information, please read the press release.