Iput secures €300m in green revolving credit facilities

Dublin-based property investor Iput Real Estate has announced new revolving credit facilities (RCFs) totaling €300 mln.

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These new facilities, provided by ABN AMRO, Bank of Ireland, and ING (all new lenders to Iput), will refinance an existing facility set to expire in 2027.

The new RCFs are consistent with Iput's current financial arrangements and significantly boost its financial flexibility and liquidity. This move also extends the weighted average maturity of Iput’s debt facilities to 6.2 years.

The facilities are structured with a mix of three and five-year maturities, each offering two one-year extension options, and include an additional €150 mln in uncommitted accordion capacity. These new RCFs will operate alongside Iput’s existing facilities with AIB and Barclays. Importantly, €250 mln of this new financing is designated as "green," further aligning Iput's financial strategy with its sustainability goals. Despite this new financing, Iput's weighted average cost of debt remains low at 2.8%, maintaining an attractive funding position that continues to support its 5.7% dividend yield.

The funds from these new facilities will support Iput's strategic growth, including future development opportunities and the ongoing expansion of its amenity and lifestyle-focused flexible leasing platform, Studio. This refinancing follows a €250 mln strategic investment from CBRE IM in Q1 2026.

Pat McGinley, COO at Iput Real Estate, said: “We are very pleased to have completed this refinancing with three new lenders on attractive terms. The new facilities strengthen our liquidity position, extend our maturity profile and provide long-term flexibility to support our growth ambitions. Importantly, the attractive pricing we achieved maintains our weighted average cost of debt at 2.8%, reinforcing our highly competitive cost of capital and underpinning the long-term sustainability of our dividend. The inclusion of a €250 mln green tranche also reflects our ongoing commitment to aligning our funding structure with our sustainability objectives.”