Selectirente secures €25m sustainability-linked loan

High-street retail property specialist Selectirente has secured a €25 mln Sustainability-Linked Loan (SLL) to further its expansion.

Selectirente

The corporate credit line is structured as an SLL and demonstrates the company's dedication to corporate social responsibility (CSR) goals and a more sustainable real estate industry.
Selectirente has partnered with Crédit Agricole d'Ile-de-France (CADIF) to secure the financing, which has a 5-year term and is intended to support the company's continued growth.
Similar to the initial €80 mln SLL from October 2024, the financial terms of this loan are linked to three sustainability-related performance indicators: adapting assets to climate change, decreasing primary energy use, and improving the gathering of energy data.
The funding will give the company more capital to take advantage of market opportunities and improve its financial stability, bringing its current available liquidity to €60 million.
Dany Abi Azar, CFO of Selectirente Gestion, stated: “This €25 mln financing, subscribed with our new banking partner Cadif, strengthens our investment capacity and demonstrates the company's ambition and sustainable commitments. It will enable Selectirente to seize new opportunities currently available on the market, contributing to the development of a high-quality portfolio.”
Selectirente’s property portfolio is valued at nearly €580 mln, over 63% of which is located in Paris. The company aims to develop and increase the value of its city-centre retail assets in the most dynamic French and European cities.