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EIB Lends EUR 240 Million to Gewobag

Infra News - Published on Fri, 24 Jan 2020

Image Source: EIB Gewobag
The European Investment Bank is providing the state-owned housing company Gewobag with EUR 240 million loan, which is earmarked for the construction of 2,000 new residential units by 2023. The new buildings will predominantly meet energy-efficient house standards and therefore surpass the requirements of the applicable energy saving regulation. The contract for financing the project between the European Investment Bank and Gewobag was already signed. This cooperation will secure further affordable housing for Berlin.

This loan is already the second financing project on which Gewobag is working together with the EIB. The project is not only in line with the EU Urban Agenda for livable and innovative cities, but also makes an important contribution to the EIB’s and Gewobag’s climate change objectives through high energy efficiency standards.

With around 70,000 apartments and more than 120,000 tenants, Gewobag is one of the largest real estate companies in the capital and nationwide. In the medium term, the state-owned housing company will expand its portfolio by around 15,000 apartments.

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Posted By : Yogender Pancholi on Fri, 24 Jan 2020
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